Economy

Parsley Energy, Inc. Class A (NYSE:PE) Sees Significantly Higher Trading Volume

68 funds opened positions while 94 raised stakes. The total number of shares traded in the last 12 months is 2.44 million. Wall Street Assocs holds 0.24% or 10,500 shares. Gam Ag invested in 0.01% or 8,823 shares. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by $0.01. Northwestern Mutual Wealth Mngmt Company reported 268 shares or 0% of all its holdings. Sumitomo Mitsui Trust accumulated 426,632 shares.

Looking at insider trading can give great insight into how Parsley Energy, Inc. Fjarde Ap owns 54,622 shares for 0.05% of their portfolio. Nicholas Invest Lp invested in 0.48% or 178,204 shares. American Grp Inc holds 4,678 shares. Liberty Global plc - Class C Ordinary Shares (NASDAQ:LBTYK) has declined 6.78% since September 16, 2016 and is downtrending. Proshare Advsrs Limited Com invested in 13,055 shares. Vr Advisory Services holds 140,000 shares or 3.13% of its portfolio. Highland Capital L P holds 0.59% or 356,800 shares. The stock had a rise in short interest of 1.05% between August 15, 2017 and August 31, 2017. Shares for $88,680 were sold by Roberts Colin on Monday, May 1. Shares for $110,760 were bought by ALAMEDDINE A R on Wednesday, May 17. Another trade for 30,000 shares valued at $976,800 was sold by Dalton Ryan. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. This target by PiperJaffray gives the possibile upside of 21.52 % from the previous close.

According to Parsley Energy, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 100.35%. Therefore 88% are positive. First Mercantile Tru has invested 0.02% of its portfolio in Parsley Energy Inc (NYSE:PE). The firm's 50-day moving average is $25.32 and its 200 day moving average is $28.65. Parsley Energy Inc had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has "Outperform" rating by Oppenheimer on Wednesday, August 12. The rating was upgraded by Clarkson Platou on Tuesday, March 15 to "Buy". The firm has "Overweight" rating by Barclays Capital given on Tuesday, August 8. The firm has "Buy" rating given on Tuesday, June 14 by Deutsche Bank. The original version of this article can be viewed at https://stocknewstimes.com/2017/09/16/parsley-energy-inc-pe-shares-bought-by-fjarde-ap-fonden-fourth-swedish-national-pension-fund.html. FBR & Co reissued a "buy" rating and issued a $46.00 target price on shares of Parsley Energy in a research report on Thursday, January 26th. Williams Capital raised shares of Parsley Energy from a "hold" rating to a "buy" rating and decreased their price target for the stock from $39.00 to $37.00 in a research report on Monday, June 12th. Credit Suisse maintained Parsley Energy Inc (NYSE:PE) on Wednesday, March 2 with "Outperform" rating. Envestnet Asset Mgmt has invested 0% in Parsley Energy Inc (NYSE:PE). RBC Capital Markets has "Outperform" rating and $27 target. If the market is performing well and the stock is over-valued, BRCD might be a good investment at this point but if the market is dropping down, you might not consider buying the stock.

Short traders are more bearish on shares of the company recently as indicated by the change in short interest. It has outperformed by 9.39% the S&P500. As of the last earnings report the EPS was $0.18 and is expected to be $0.50 for the current year with 247,647,000 shares now outstanding. This translates into $40.85 million profit for PE giving the stock a 49.02 P/E.

Currently, EPS of Brocade Communications Systems, Inc.

Trexquant Investment LP lowered its position in Parsley Energy Inc (NYSE:PE) by 62.5% during the fourth quarter, Holdings Channel reports. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures. The Company is an independent oil and natural gas company.

Another critical number in evaluating a stock is P/E or Price to Earnings ratio. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin.



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