Yesterday, the Chairman and Chief Executive Officer of Parsley Energy (NYSE: PE), Bryan Sheffield, sold shares of PE for $70.38M.
Following Bryan Sheffield’s last PE Sell transaction on February 26, 2018, the stock climbed by 2.6%. In addition to Bryan Sheffield, 2 other PE executives reported Sell trades in the last month.
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Based on Parsley Energy’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $468 million and quarterly net profit of $119 million. In comparison, last year the company earned revenue of $214 million and had a net profit of $40.75 million. PE’s market cap is $8.07B and the company has a P/E ratio of 31.71. Currently, Parsley Energy has an average volume of 5.03M.
Based on 10 analyst ratings, the analyst consensus is Strong Buy with an average price target of $42.70, reflecting a 48.0% upside.
The insider sentiment on Parsley Energy has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Parsley Energy, Inc is an oil and natural gas company, which engages in the acquisition, development, and exploitation of unconventional oil and natural gas reserves. Its portfolio includes he Midland and Southern Delaware basin. The company was founded by Bryan Sheffield, Mike Hinson, and Paul Treadwell in 2008 and is headquartered in Austin, TX.
