Breaking: Imperial Capital Maintains $42 Target On Parsley Energy (NYSE:PE) Shares, Maintains Their Original “Outperform” Rating

February 24, 2018 - By Darrin Black

 Breaking: Imperial Capital Maintains $42 Target On Parsley Energy (NYSE:PE) Shares, Maintains Their Original

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.27, from 1.4 in 2017Q2. It dropped, as 51 investors sold Parsley Energy, Inc. shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported.

Financial Bank Of Montreal Can reported 206,217 shares. 149,325 were accumulated by British Columbia Investment Management. Sumitomo Mitsui has 603,058 shares for 0.02% of their portfolio. 200 were reported by Commonwealth Financial Bank Of. Tricadia Mgmt Ltd Llc stated it has 26,250 shares. Blackrock Inc reported 11.74 million shares. Toronto Dominion Financial Bank holds 0% or 9,369 shares in its portfolio. Moreover, Marshall Wace Llp has 0.16% invested in Parsley Energy, Inc. (NYSE:PE) for 131,740 shares. Adage Cap Prns Gru Ltd invested in 4.84M shares. Vanguard Gru has invested 0.02% in Parsley Energy, Inc. (NYSE:PE). Loomis Sayles L P has invested 0.06% in Parsley Energy, Inc. (NYSE:PE). At Bankshares has 24,782 shares. Braun Stacey Associate has 0.46% invested in Parsley Energy, Inc. (NYSE:PE) for 253,320 shares. Bessemer owns 60,585 shares. State Board Of Administration Of Florida Retirement Sys invested 0.02% in Parsley Energy, Inc. (NYSE:PE).

Parsley Energy (NYSE:PE) Rating Reaffirmed

In a report sent to clients and investors this morning, Imperial Capital restate their “Outperform” rating on Parsley Energy (NYSE:PE) shares. The target price per share indicates a possible upside of 60.24 % from company’s last price.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.27, from 1.4 in 2017Q2. It dropped, as 51 investors sold Parsley Energy, Inc. shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported.

Financial Bank Of Montreal Can reported 206,217 shares. 149,325 were accumulated by British Columbia Investment Management. Sumitomo Mitsui has 603,058 shares for 0.02% of their portfolio. 200 were reported by Commonwealth Financial Bank Of. Tricadia Mgmt Ltd Llc stated it has 26,250 shares. Blackrock Inc reported 11.74 million shares. Toronto Dominion Financial Bank holds 0% or 9,369 shares in its portfolio. Moreover, Marshall Wace Llp has 0.16% invested in Parsley Energy, Inc. (NYSE:PE) for 131,740 shares. Adage Cap Prns Gru Ltd invested in 4.84M shares. Vanguard Gru has invested 0.02% in Parsley Energy, Inc. (NYSE:PE). Loomis Sayles L P has invested 0.06% in Parsley Energy, Inc. (NYSE:PE). At Bankshares has 24,782 shares. Braun Stacey Associate has 0.46% invested in Parsley Energy, Inc. (NYSE:PE) for 253,320 shares. Bessemer owns 60,585 shares. State Board Of Administration Of Florida Retirement Sys invested 0.02% in Parsley Energy, Inc. (NYSE:PE).

Parsley Energy, Inc. (NYSE:PE) Ratings Coverage

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc has $51 highest and $16 lowest target. $33’s average target is 25.91% above currents $26.21 stock price. Parsley Energy Inc had 128 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, January 9 by Piper Jaffray. FBR Capital maintained the stock with “Buy” rating in Thursday, June 1 report. The firm earned “Buy” rating on Tuesday, October 20 by Canaccord Genuity. On Thursday, November 12 the stock rating was downgraded by Iberia Capital Partners to “Sector Perform”. The firm has “Overweight” rating given on Monday, August 22 by KeyBanc Capital Markets. Howard Weil upgraded Parsley Energy, Inc. (NYSE:PE) rating on Monday, November 30. Howard Weil has “Focus Stock” rating and $25 target. Goldman Sachs maintained Parsley Energy, Inc. (NYSE:PE) on Tuesday, March 29 with “Neutral” rating. The rating was maintained by Northland Capital on Monday, July 17 with “Buy”. Credit Suisse initiated the shares of PE in report on Monday, December 11 with “Buy” rating. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Overweight” rating by JP Morgan on Tuesday, September 26.

The stock increased 4.67% or $1.17 during the last trading session, reaching $26.21. About 6.58 million shares traded or 20.14% up from the average. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 24, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of natural gas and crude oil properties in the Permian Basin in West Texas and Southeastern New Mexico. The company has market cap of $8.24 billion. As of December 31, 2016, its acreage position consisted of 138,567 net acres, including 95,072 net acres in the Midland Basin and 43,495 net acres in the Delaware Basin; and 146.7 net producing horizontal wells and 481.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 222.3 MMBoe. It has a 224.02 P/E ratio.

More notable recent Parsley Energy, Inc. (NYSE:PE) news were published by: Bizjournals.com which released: “Parsley Energy shares hit slump after Wall Street lowers expectations” on February 02, 2018, also Fool.com with their article: “Here’s Why Parsley Energy Inc’s Stock Is Plunging Today” published on January 30, 2018, Nasdaq.com published: “Parsley Energy (PE) Catches Eye: Stock Jumps 8.4%” on February 23, 2018. More interesting news about Parsley Energy, Inc. (NYSE:PE) were released by: Seekingalpha.com and their article: “Parsley Whiffs – Big Permian Miss” published on January 31, 2018 as well as Prnewswire.com‘s news article titled: “Parsley Energy Announces Fourth Quarter 2017 Financial And Operating Results …” with publication date: February 21, 2018.

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