How Many Parsley Energy, Inc. (NYSE:PE)’s Analysts Are Bearish?

October 2, 2018 - By Richard Conner

Investors sentiment increased to 1.28 in Q2 2018. Its up 0.16, from 1.12 in 2018Q1. It is positive, as 31 investors sold Parsley Energy, Inc. shares while 101 reduced holdings. 70 funds opened positions while 99 raised stakes. 253.36 million shares or 0.65% less from 255.01 million shares in 2018Q1 were reported.
Marshall Wace Llp accumulated 0.33% or 725,896 shares. Blackrock has invested 0.02% in Parsley Energy, Inc. (NYSE:PE). Victory Capital Mgmt owns 0.43% invested in Parsley Energy, Inc. (NYSE:PE) for 6.74 million shares. Assets Invest Mgmt Limited Liability Company holds 0.12% in Parsley Energy, Inc. (NYSE:PE) or 22,000 shares. 73,669 are held by Great West Life Assurance Company Can. Monarch Prtn Asset Mgmt Limited Liability reported 297,106 shares or 0.82% of all its holdings. Pictet Asset Mgmt Limited has 93,917 shares for 0.01% of their portfolio. Cramer Rosenthal Mcglynn Limited Co owns 1.76M shares for 0.96% of their portfolio. Paloma Mngmt has 0.06% invested in Parsley Energy, Inc. (NYSE:PE). Prelude Capital Limited Liability Company has 0.18% invested in Parsley Energy, Inc. (NYSE:PE). Tudor Invest Et Al owns 25,513 shares. Van Eck Assocs Corp has 0.85% invested in Parsley Energy, Inc. (NYSE:PE) for 6.04M shares. Verition Fund Ltd Liability holds 0.06% or 31,978 shares. Boston Prtn, a Massachusetts-based fund reported 8.90 million shares. Amer Inc reported 7,880 shares or 0% of all its holdings.

Since April 2, 2018, it had 1 buy, and 7 sales for $79.15 million activity. Shares for $70.38M were sold by Sheffield Bryan. Another trade for 1,000 shares valued at $27,320 was made by Desai Hemang on Tuesday, September 4. Hinson Mike sold $383,180 worth of stock. Dalton Ryan sold $1.93M worth of stock or 60,742 shares. On Tuesday, May 8 the insider Gallagher Matthew sold $4.54M.

Parsley Energy, Inc. (NYSE:PE) Ratings Coverage

Among 11 analysts covering Parsley Energy (NYSE:PE), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Parsley Energy had 18 analyst reports since April 3, 2018 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $58 target in Wednesday, August 8 report. Seaport Global downgraded the stock to “Hold” rating in Tuesday, April 3 report. The firm earned “Hold” rating on Friday, May 4 by Williams Capital Group. Williams Capital Group maintained Parsley Energy, Inc. (NYSE:PE) rating on Monday, May 21. Williams Capital Group has “Hold” rating and $3800 target. Seaport Global upgraded the stock to “Buy” rating in Wednesday, May 23 report. The stock has “Buy” rating by Jefferies on Tuesday, August 14. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Equal-Weight” rating by Morgan Stanley on Thursday, May 24. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Outperform” rating by BMO Capital Markets on Friday, May 4. The rating was maintained by SunTrust with “Buy” on Monday, April 16. Morgan Stanley maintained the shares of PE in report on Friday, May 4 with “Equal-Weight” rating. Below is a list of Parsley Energy, Inc. (NYSE:PE) latest ratings and price target changes.

26/09/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $32 New Target: $35 Maintain
20/08/2018 Broker: KLR Group Rating: Buy Old Target: $43 Terminates
14/08/2018 Broker: Jefferies Old Rating: Buy New Rating: Buy Old Target: $38 New Target: $40 Maintain
08/08/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Buy Old Target: $56 New Target: $58 Maintain
11/07/2018 Broker: Susquehanna Rating: Positive New Target: $38 Initiates Coverage On
05/07/2018 Broker: TD Securities Rating: Buy New Target: $37 Initiates Coverage On
24/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $32 New Target: $38 Maintain
23/05/2018 Broker: Seaport Global Old Rating: Neutral New Rating: Buy Upgrade
21/05/2018 Broker: Williams Capital Group Rating: Hold New Target: $38.0000 Maintain
04/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $31 New Target: $32 Maintain

The stock decreased 0.93% or $0.28 during the last trading session, reaching $29.67. About 1.33 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 16.14% since October 2, 2017 and is uptrending. It has outperformed by 0.52% the S&P500.

Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of natural gas and crude oil properties in the Permian Basin in West Texas and Southeastern New Mexico. The company has market cap of $9.40 billion. As of December 31, 2016, its acreage position consisted of 138,567 net acres, including 95,072 net acres in the Midland Basin and 43,495 net acres in the Delaware Basin; and 146.7 net producing horizontal wells and 481.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 222.3 MMBoe. It has a 36.09 P/E ratio.

Parsley Energy, Inc. (NYSE:PE) Institutional Positions Chart

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