L & S Advisors Inc Purchases New Holdings in Parsley Energy, Inc. (PE)
L & S Advisors Inc purchased a new stake in Parsley Energy, Inc. (NYSE:PE) during the third quarter, according to its most recent filing with the SEC. The firm purchased 212,189 shares of the oil and natural gas company’s stock, valued at approximately $5,589,000. L & S Advisors Inc owned 0.07% of Parsley Energy at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Advisor Group Inc. lifted its position in Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after acquiring an additional 781 shares during the period. Daiwa Securities Group Inc. lifted its position in Parsley Energy by 15.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock worth $183,000 after acquiring an additional 900 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Parsley Energy by 14.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock worth $193,000 after acquiring an additional 735 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Parsley Energy during the 3rd quarter worth about $196,000. Finally, Trexquant Investment LP purchased a new position in shares of Parsley Energy during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 80.16% of the company’s stock.
A number of equities analysts have weighed in on PE shares. Seaport Global Securities upgraded Parsley Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $32.00 in a research note on Friday, August 11th. Imperial Capital started coverage on Parsley Energy in a research note on Tuesday, August 15th. They set an “outperform” rating and a $36.00 price objective for the company. Citigroup set a $51.00 price objective on Parsley Energy and gave the company a “buy” rating in a research note on Tuesday, August 15th. Northland Securities set a $43.00 price objective on Parsley Energy and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, ValuEngine lowered Parsley Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.23.
Shares of Parsley Energy, Inc. (PE) traded down $1.03 during trading on Thursday, hitting $25.34. The stock had a trading volume of 3,342,300 shares, compared to its average volume of 4,826,033. Parsley Energy, Inc. has a fifty-two week low of $22.98 and a fifty-two week high of $38.18. The firm has a market cap of $8,290.39, a PE ratio of 69.39 and a beta of -0.05. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.25.
Parsley Energy (NYSE:PE) last released its quarterly earnings data on Tuesday, November 7th. The oil and natural gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Parsley Energy had a return on equity of 1.87% and a net margin of 3.22%. The firm had revenue of $241.02 million for the quarter, compared to analysts’ expectations of $234.58 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was up 81.8% on a year-over-year basis. research analysts forecast that Parsley Energy, Inc. will post 0.49 earnings per share for the current fiscal year.
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Parsley Energy Profile
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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