Williams Capital analyst Gabriele Sorbara reiterated a Hold rating on Parsley Energy (NYSE: PE) yesterday and set a price target of $36. The company’s shares closed yesterday at $28.11.
According to TipRanks.com, Sorbara is a 2-star analyst with an average return of 0.3% and a 45.4% success rate. Sorbara covers the Basic Materials sector, focusing on stocks such as Gulfport Energy Corp, Extraction Oil & Gas, and Oasis Petroleum Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Parsley Energy with a $42.64 average price target.
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Parsley Energy’s market cap is currently $7.86B and has a P/E ratio of 30.89. The company has a Price to Book ratio of 1.47.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Mike Hinson, the SVP-Corporate Development of PE sold 250,000 shares for a total of $7,560,000.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
