What Next for Parsley Energy Inc Stock After Today’s Bullish Options Activity?

 What Next for Parsley Energy Inc Stock After Today's Bullish Options Activity?

In today’s session Parsley Energy Inc (PE) registered an unusually high (334) 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 334 contracts traded and 13184 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: PE161216C00035000 closed last at: $1.45 or 25.6% down. About 352,147 shares traded hands. Parsley Energy Inc (NYSE:PE) has risen 54.28% since April 20, 2016 and is uptrending. It has outperformed by 49.72% 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. Parsley Energy Inc has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Parsley Energy Inc (NYSE:PE) has “Market Perform” rating given on Tuesday, April 5 by Cowen & Co. The firm has “Outperform” rating by Macquarie Research given on Monday, September 21. The rating was initiated by Piper Jaffray on Friday, July 8 with “Overweight”. The stock of Parsley Energy Inc (NYSE:PE) earned “Overweight” rating by KeyBanc Capital Markets on Monday, August 22. RBC Capital Markets maintained it with “Outperform” rating and $27 target price in Thursday, February 25 report. The rating was maintained by JP Morgan with “Overweight” on Tuesday, March 15. Deutsche Bank initiated Parsley Energy Inc (NYSE:PE) rating on Wednesday, December 2. Deutsche Bank has “Buy” rating and $24 price target. On Tuesday, December 15 the stock rating was upgraded by RBC Capital Markets to “Outperform”. Wunderlich initiated Parsley Energy Inc (NYSE:PE) rating on Friday, June 17. Wunderlich has “Buy” rating and $32 price target. The rating was initiated by Stifel Nicolaus with “Buy” on Thursday, December 10.

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 decreased to 1.38 in 2016 Q2. Its down 0.68, from 2.06 in 2016Q1. The ratio dived, 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, Aperio Limited Liability Company has 0% invested in Parsley Energy Inc (NYSE:PE) for 15,453 shares. White Pine Capital Limited Liability Corp, a Minnesota-based fund reported 16,850 shares. Citadel Advsr Limited Liability Corporation, a Illinois-based fund reported 1.60 million shares. Teacher Retirement Systems Of Texas holds 0% or 19,687 shares in its portfolio. Susquehanna Group Limited Liability Partnership holds 33,423 shares or 0% of its portfolio. Manufacturers Life Company The last reported 3,935 shares in the company. First Trust L P has invested 0.02% of its portfolio in Parsley Energy Inc (NYSE:PE). Voya Management Limited Liability accumulated 86,626 shares or 0.01% of the stock. Employees Retirement Of Texas owns 191,000 shares or 0.07% of their US portfolio. Ameriprise, a Minnesota-based fund reported 1.29 million shares. Rothschild Cap Partners Limited Liability Co has 1.28% invested in the company for 89,675 shares. Adage Partners Group Incorporated Limited Com holds 0.01% or 160,000 shares in its portfolio. Picton Mahoney Asset accumulated 292,300 shares or 0.49% of the stock. Columbus Circle Investors holds 1.43M shares or 0.39% of its portfolio. Schwab Charles Invest Mgmt Inc, a California-based fund reported 281,319 shares.

Insider Transactions: Since June 2, 2016, the stock had 1 buying transaction, and 21 sales for $61.84 million net activity. $278,000 worth of Parsley Energy Inc (NYSE:PE) was bought by ALAMEDDINE A R on Thursday, November 17. 60,000 shares with value of $1.59M were sold by Dalton Ryan on Wednesday, June 15. $841,250 worth of Parsley Energy Inc (NYSE:PE) was sold by Hinson Mike. Roberts Colin also sold $174,600 worth of Parsley Energy Inc (NYSE:PE) shares. 45,000 shares were sold by Gallagher Matthew, worth $1.52 million. Another trade for 1.10M shares valued at $35.37M was sold by Sheffield Bryan. Another trade for 6,250 shares valued at $206,188 was made by Smith David Henry on Monday, August 8.

Parsley Energy, Inc. is an independent oil and natural gas company. The company has a market cap of $7.59 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.

Another recent and important Parsley Energy Inc (NYSE:PE) news was published by Prnewswire.com which published an article titled: “Parsley Energy Announces Third Quarter 2016 Financial And Operating Results …” on November 02, 2016.

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