Parsley Energy, Inc. (PE): Mike Hinson , officer of Parsley Energy, Inc. sold 25,000 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were sold at $33.65 per share for a total value of $841,250.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 8, 2016, Mike Hinson (officer ) sold 25,000 shares at $34.39 per share price.On Aug 24, 2016, Matthew Gallagher (officer ) sold 45,000 shares at $33.82 per share price.Also, On Aug 10, 2016, David Henry Smith (director) sold 6,250 shares at $32.99 per share price.On Aug 10, 2016, Bryan Sheffield (director officer 10% owner ) sold 1,100,000 shares at $32.15 per share price.
Parsley Energy Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Parsley Energy Inc which led to swings in the share price. The shares opened for trading at $33.35 and hit $34.07 on the upside , eventually ending the session at $33.93, with a gain of 0.89% or 0.3 points. The heightened volatility saw the trading volume jump to 2,218,537 shares. The 52-week high of the share price is $35 and the company has a market cap of $6,760 M . The 52-week low of the share price is at $13.84.
Company has been under the radar of several Street Analysts.Parsley Energy Inc is Initiated by FBR & Co. to Outperform and the brokerage firm has set the Price Target at $41. The Rating was issued on Sep 13, 2016.Parsley Energy Inc is Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $41. The Rating was issued on Sep 13, 2016.Parsley Energy Inc is Initiated by Williams Capital Group to Hold and the brokerage firm has set the Price Target at $37. The Rating was issued on Aug 29, 2016.Parsley Energy Inc is Reiterated by Imperial Capital to Outperform and the brokerage firm has raised the Price Target to $ 42 from a previous price target of $40 .The Rating was issued on Aug 17, 2016.Parsley Energy Inc is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 40 from a previous price target of $33 .The Rating was issued on Aug 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.