Parsley Energy, Inc. (PE): Mike Hinson , Vice President-Land of Parsley Energy, Inc. sold 25,000 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $23.69 per share for a total value of $592,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 22, 2016, Mike Hinson (Vice President-Land) sold 25,000 shares at $23.47 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.
Shares of Parsley Energy Inc (PE) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.28 points or -1.25% at $22.14 with 29,13,126 shares getting traded. Post opening the session at $22.52, the shares hit an intraday low of $21.73 and an intraday high of $22.8 and the price vacillated in this range throughout the day. The company has a market cap of $3,737 M and the number of outstanding shares has been calculated to be 16,87,68,700 shares. The 52-week high of Parsley Energy Inc is $24.9 and the 52-week low is $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.