Parsley Energy Inc Unusual Bullish Options Activity Means Profits for Traders

 Parsley Energy Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Parsley Energy Inc (PE) registered an unusually high (777) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious PE increase. With 777 contracts traded and 13284 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PE161216C00035000 closed last at: $1.3 or 30% up. About 649,126 shares traded hands. Parsley Energy Inc (NYSE:PE) has risen 50.59% since April 7, 2016 and is uptrending. It has outperformed by 45.81% the S&P500.

Parsley Energy Inc (NYSE:PE) Ratings Coverage

Out of 28 analysts covering Parsley Energy Inc (NYSE:PE), 23 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 82% are positive. $48 is the highest target while $16 is the lowest. The $29.75 average target is -14.24% below today’s ($34.69) stock price. Parsley Energy Inc has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Imperial Capital initiated the shares of PE in a report on Tuesday, July 26 with “Outperform” rating. JP Morgan maintained Parsley Energy Inc (NYSE:PE) rating on Tuesday, March 15. JP Morgan has “Overweight” rating and $23 price target. As per Tuesday, December 15, the company rating was initiated by UBS. JP Morgan initiated it with “Overweight” rating and $24 target price in Wednesday, December 9 report. The firm has “Overweight” rating by Barclays Capital given on Tuesday, June 21. The firm earned “Buy” rating on Tuesday, January 12 by Topeka Capital Markets. The company was upgraded on Tuesday, March 15 by Clarkson Platou. The firm earned “Outperform” rating on Monday, September 21 by Macquarie Research. The firm earned “Outperform” rating on Friday, November 6 by Northland Capital. The firm earned “Neutral” rating on Tuesday, March 29 by Goldman Sachs.

According to Zacks Investment Research, “Parsley Energy, Inc. is an independent oil and natural gas company. It is focused on the acquisition, development, and exploitation of unconventional oil and natural gas reserves in the Permian Basin. Parsley Energy, Inc. is headquartered in Midland, Texas.”

Insitutional Activity: The institutional sentiment increased to 2.06 in 2016 Q2. Its up 0.07, from 1.99 in 2016Q1. The ratio improved, as 26 funds sold all Parsley Energy Inc shares owned while 54 reduced positions. 76 funds bought stakes while 89 increased positions. They now own 148.38 million shares or 18.17% more from 125.56 million shares in 2016Q1.
Moreover, Blackrock has 0% invested in Parsley Energy Inc (NYSE:PE) for 45,207 shares. King Luther Mgmt accumulated 247,675 shares or 0.07% of the stock. Carroll Fincl has 24 shares for 0% of their US portfolio. Wells Fargo & Mn accumulated 0% or 431,316 shares. Utah Retirement has 0.02% invested in the company for 27,500 shares. Tiaa Cref Invest Management Ltd Llc holds 0.11% of its portfolio in Parsley Energy Inc (NYSE:PE) for 5.49M shares. Assetmark Inc last reported 0% of its portfolio in the stock. Susquehanna Intl Grp Inc Llp owns 33,423 shares or 0% of their US portfolio. Gradient Invs Ltd Liability Com last reported 18,611 shares in the company. Moreover, Raveneur Inv Gru Limited Partnership has 1.28% invested in Parsley Energy Inc (NYSE:PE) for 172,678 shares. Oppenheimer owns 109,022 shares or 0.09% of their US portfolio. Engineers Gate Manager L P holds 87,156 shares or 0.17% of its portfolio. Wall Street reported 10,521 shares or 0.11% of all its holdings. Brenham Capital Mgmt Limited Partnership holds 1.85M shares or 6.41% of its portfolio. Kelly Lawrence W Associates Ca accumulated 311,450 shares or 1.95% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 18 selling transactions for $50.14 million net activity. Hinson Mike sold $667,250 worth of stock or 25,000 shares. 6,250 Parsley Energy Inc (NYSE:PE) shares with value of $206,188 were sold by Smith David Henry. Dalton Ryan also sold $1.59M worth of Parsley Energy Inc (NYSE:PE) on Wednesday, June 15. Shares for $254,200 were sold by Smith Brad C. on Thursday, May 12. Roberts Colin had sold 25,000 shares worth $819,250. Gallagher Matthew sold 45,000 shares worth $1.52M. On Monday, August 8 Sheffield Bryan sold $35.37M worth of the stock or 1.10 million shares.

Parsley Energy, Inc. is an independent oil and natural gas company. The company has a market cap of $7.23 billion. The Firm is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. It currently has negative earnings. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

PE Company Profile

Parsley Energy, Inc., incorporated on December 11, 2013, is an independent oil and natural gas company. The Firm 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 over 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 Permian Basin are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations.

More news for Parsley Energy Inc (NYSE:PE) were recently published by: Prnewswire.com, which released: “Parsley Energy Announces Third Quarter 2016 Financial And Operating Results …” on November 02, 2016. Reuters.com‘s article titled: “BRIEF-Parsley Energy Inc, unit entered into a revolving credit agreement o…” and published on November 02, 2016 is yet another important article.

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