Parsley Energy (PE): Price Target and June Short Interest Disclosure

Parsley Energy (PE) : Average target price received by Parsley Energy (PE) is $29.94 with an expected standard deviation of $3.44. The most aggressive target on the stock is $37, whereas the most downbeat target is $21. 17 financial analysts are currently covering the stock.

Parsley Energy (PE) has shown a drop of 16.3% or 2,476,932 shares in the short positions. The bets have increased to 12,673,469 shares on June 30,2016 from 15,150,401 shares on June 15,2016. With respect to the floated shares, the shorts are 8.5%. The days to cover are calculated to be 4, using the standard per day volume of 3,256,789 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Piper Jaffray assumes their rating on the shares of Parsley Energy (NYSE:PE). The current rating of the shares is Overweight. The rating by the firm was issued on July 8, 2016.


Parsley Energy (NYSE:PE): stock turned positive on Thursday. Though the stock opened at $28.24, the bulls momentum made the stock top out at $28.65 level for the day. The stock recorded a low of $28.05 and closed the trading day at $28.32, in the green by 1.00%. The total traded volume for the day was 1,913,887. The stock had closed at $28.04 in the previous days trading.

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 Companys 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 Companys 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 Companys 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.

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