Today it was reported that the SVP-Corporate Development of Parsley Energy (NYSE: PE), Mike Hinson, exercised options to sell 250,000 PE shares for a total transaction value of $7.56M.
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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 $8.37B and the company has a P/E ratio of 32.92. Currently, Parsley Energy has an average volume of 3.84M.
Based on 13 analyst ratings, the analyst consensus is Strong Buy with an average price target of $42.62, reflecting a -29.0% downside.
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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.
