Parsley Energy's (PE) "Buy" Rating Reaffirmed at Northland Securities

Parsley Energy Inc

Parsley Energy's (PE) "Buy" Rating Reaffirmed at Northland Securities

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Royal Bank Of Canada now has a $36.00 price objective on the oil and natural gas company's stock, down from their previous price objective of $37.00. Its stake was valued at $7,935,000 an increase of $445,000 as of quarter end.

Analysts await Parsley Energy Inc (NYSE:PE) to report earnings on February, 22. Spot Trading L.L.C. acquired a new position in Parsley Energy in the first quarter valued at $565,000. Advisor Group Inc. lifted its position in Parsley Energy by 23.9% during the 2nd quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company's stock worth $158,000 after buying an additional 180 shares during the period. Stifel Nicolaus maintained the shares of PE in report on Thursday, October 5 with "Buy" rating. Morgan Stanley now owns 464,465 shares of the oil and natural gas company's stock worth $15,100,000 after acquiring an additional 96,407 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Parsley Energy by 14.1% during the first quarter. ALAMEDDINE A R also bought $110,760 worth of Parsley Energy Inc (NYSE:PE) shares. NY now owns 5,949 shares of the oil and natural gas company's stock worth $193,000 after buying an additional 735 shares during the period.

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Several equities research analysts have recently weighed in on PE shares. Texan Cap Mngmt has invested 0.69% of its portfolio in Parsley Energy Inc (NYSE:PE). Nomura reissued a "buy" rating and set a $17.00 price target on shares of Parsley Energy in a research report on Monday, September 26th. RBC Capital Markets maintained it with "Buy" rating and $4500 target in Thursday, June 15 report. Finally, Barclays PLC set a $32.00 price objective on shares of Parsley Energy and gave the company a "buy" rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and twenty-three have given a buy rating to the company. BMO Capital Markets maintained Parsley Energy Inc (NYSE:PE) on Tuesday, October 10 with "Buy" rating.

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Inogen (NASDAQ:INGN) Getting Somewhat Positive News Coverage, Analysis Finds
September 1 investment analysts at Needham & Company LLC left the company rating at "Buy" with a current price target of $108.00. Following the completion of the sale, the director now owns 7,808 shares in the company, valued at approximately $734,498.56.

In other Parsley Energy news, insider Matthew Gallagher sold 45,000 shares of Parsley Energy stock in a transaction that occurred on Tuesday, August 9th. The stock decreased 1.51% or $0.41 during the last trading session, reaching $26.77. 2,487,025 shares of the company's stock were exchanged, compared to its average volume of 4,933,023. Neuberger Berman Ltd Liability Company invested 0% of its portfolio in Parsley Energy Inc (NYSE:PE). Parsley Energy now has a P/E ratio of 370.98 and market cap is 8.42B. Massachusetts Financial Svcs Communication Ma holds 0.02% in Parsley Energy Inc (NYSE:PE) or 1.47M shares. The oil and natural gas company reported $0.12 EPS for the quarter, topping the Zacks' consensus estimate of $0.10 by $0.02. Parsley Energy had a negative net margin of 18.26% and a negative return on equity of 0.66%.

Analysts are also projecting an Average Revenue Estimate for Parsley Energy, $286270 in the Current Quarter. The firm's revenue for the quarter was up 106.6% compared to the same quarter previous year. Moreover, Loomis Sayles & LP has 0.06% invested in Parsley Energy Inc (NYSE:PE).

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Td Asset Management Inc divested its holdings by selling 8,256 shares a decrease of 27.9% as of 09/30/2017. The Company is an independent oil and natural gas company. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales.

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