Parsley Energy, Inc. (PE): Mike Hinson , officer of Parsley Energy, Inc. sold 25,000 shares on Jul 12, 2016. The Insider selling transaction was reported by the company on Jul 14, 2016 to the Securities and Exchange Commission. The shares were sold at $28.33 per share for a total value of $708,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 1, 2016, Mike Hinson (officer ) sold 25,000 shares at $26.22 per share price.On Jun 17, 2016, Ryan Dalton (officer ) sold 60,000 shares at $26.52 per share price.Also, On May 13, 2016, Brad C. Smith (officer ) sold 10,000 shares at $25.42 per share price.On Mar 11, 2016, Bryan Sheffield (director officer 10% owner ) sold 35,715 shares at $19.75 per share price.
Shares of Parsley Energy Inc (PE) ended Wednesday, Jul 13, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -1.30% at $28.04 with 26,93,243 shares getting traded. Post opening the session at $28.45, the shares hit an intraday low of $27.44 and an intraday high of $28.69 and the price vacillated in this range throughout the day. The company has a market cap of $5,321 M and the number of outstanding shares has been calculated to be 18,97,58,580 shares. The 52-week high of Parsley Energy Inc is $28.72 and the 52-week low is $13.29.
Company has been under the radar of several Street Analysts.Parsley Energy Inc is Resumed by Piper Jaffray to Overweight. The Rating was issued on Jul 8, 2016.Parsley Energy Inc is Initiated by Barclays to Overweight and the brokerage firm has set the Price Target at $30. The Rating was issued on Jun 21, 2016.Parsley Energy Inc is Initiated by Wunderlich to Buy and the brokerage firm has set the Price Target at $32. The Rating was issued on Jun 17, 2016.Parsley Energy Inc is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $25 .The Rating was issued on May 17, 2016.Parsley Energy Inc is Downgraded by Scotia Howard Weil to Sector Outperform. Earlier the firm had a rating of Focus Stock on the company shares. The Rating was issued on May 16, 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.