KLR Group restated their buy rating on shares of Parsley Energy, Inc. (NYSE:PE) in a report issued on Thursday. The brokerage currently has a $57.00 target price on the stock, up from their prior target price of $56.00.

A number of other research analysts also recently issued reports on the stock. Barclays PLC decreased their price target on shares of Parsley Energy from $48.00 to $41.00 and set an overweight rating for the company in a research note on Friday, February 10th. FBR & Co reiterated a buy rating and issued a $46.00 price target on shares of Parsley Energy in a research note on Thursday, January 26th. RBC Capital Markets boosted their price objective on shares of Parsley Energy from $42.00 to $45.00 and gave the stock an outperform rating in a research report on Tuesday, January 17th. Royal Bank Of Canada boosted their price objective on shares of Parsley Energy from $42.00 to $45.00 and gave the stock an outperform rating in a research report on Tuesday, January 17th. Finally, Canaccord Genuity restated a buy rating and set a $50.00 price objective (up previously from $40.00) on shares of Parsley Energy in a research report on Saturday, January 14th. Seven investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average price target of $37.04.

Analyst Recommendations for Parsley Energy (NYSE:PE)

Shares of Parsley Energy (NYSE:PE) opened at 31.86 on Thursday. The company’s 50-day moving average is $35.06 and its 200-day moving average is $34.53. The stock’s market capitalization is $5.72 billion. Parsley Energy has a one year low of $15.69 and a one year high of $39.82.

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In other news, insider Mike Hinson sold 25,000 shares of Parsley Energy stock in a transaction on Monday, November 21st. The shares were sold at an average price of $36.18, for a total value of $904,500.00. Following the transaction, the insider now directly owns 446,653 shares of the company’s stock, valued at approximately $16,159,905.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PE. Mutual of America Capital Management LLC boosted its position in shares of Parsley Energy by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 41,392 shares of the company’s stock valued at $1,387,000 after buying an additional 202 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Parsley Energy by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,043 shares of the company’s stock valued at $107,000 after buying an additional 251 shares in the last quarter. Fortaleza Asset Management Inc. boosted its position in shares of Parsley Energy by 11.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,020 shares of the company’s stock valued at $106,000 after buying an additional 300 shares in the last quarter. Gerstein Fisher boosted its position in shares of Parsley Energy by 0.7% in the third quarter. Gerstein Fisher now owns 44,419 shares of the company’s stock valued at $1,488,000 after buying an additional 327 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in shares of Parsley Energy by 7.9% in the third quarter. Public Employees Retirement Association of Colorado now owns 5,233 shares of the company’s stock valued at $175,000 after buying an additional 384 shares in the last quarter. 77.92% of the stock is currently owned by institutional investors.

Parsley Energy Company Profile

Parsley Energy, Inc is an independent oil and natural gas company. The Company is focused on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and comprises over three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.

5 Day Chart for NYSE:PE

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