Today, the EC of Parsley Energy (PE), Bryan Sheffield, sold shares of PE for $2.02M.
Following Bryan Sheffield’s last PE Sell transaction on March 01, 2019, the stock climbed by 2.2%.
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Based on Parsley Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $428 million and GAAP net loss of $24.06 million. In comparison, last year the company earned revenue of $393 million and had a net profit of $82.89 million. PE’s market cap is $5.83B and the company has a P/E ratio of 20.74. Currently, Parsley Energy has an average volume of 5.24M.
Based on 12 analyst ratings, the analyst consensus is Strong Buy with an average price target of $27.36, reflecting a 38.3% upside.
The insider sentiment on Parsley Energy has been negative according to 49 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.
