Parsley Energy, Inc. (PE): Brad C. Smith , officer of Parsley Energy, Inc. sold 10,000 shares on May 12, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $25.42 per share for a total value of $254,200.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Mike Hinson (Vice President-Land) sold 25,000 shares at $23.69 per share price.On Mar 11, 2016, Bryan Sheffield (director officer 10% owner ) sold 35,715 shares at $19.75 per share price.Also, On Mar 7, 2016, Hemang Desai (director) purchased 1,000 shares at $18.33 per share price.On Dec 1, 2015, Ryan Dalton (officer ) sold 37,500 shares at $20.02 per share price.
Parsley Energy Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Parsley Energy Inc which led to swings in the share price. The shares opened for trading at $24.14 and hit $25.07 on the upside , eventually ending the session at $25.07, with a gain of 4.41% or 1.06 points. The heightened volatility saw the trading volume jump to 27,46,149 shares. The 52-week high of the share price is $24.9 and the company has a market cap of $4,757 M . The 52-week low of the share price is at $13.29.
Company has been under the radar of several Street Analysts.Parsley Energy Inc is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 5, 2016.Parsley Energy Inc is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 .The Rating was issued on Apr 5, 2016.Parsley Energy Inc is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 26 from a previous price target of $24 .The Rating was issued on Feb 25, 2016.Parsley Energy Inc is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $26 .The Rating was issued on Feb 25, 2016.
Parsley Energy Inc. is an independent oil and natural gas company. The Company is focused 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 comprises three primary sub-areas: the Midland Basin the Central Basin Platform and the Delaware Basin. The Company’s properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry Wolfberry and Wolftoka Trends of the Midland Basin. The Company’s vertical wells in the area are drilled into stacked pay zones that include the Spraberry Wolfcamp Upper Pennsylvanian (Cline) Strawn Atoka and Mississippian formations. The Company’s principal asset is a controlling equity interest in Parsley LLC and is its managing member. As of December 31 2014 the Company had interests in 724 gross (416.4 net) producing wells.