Parsley Energy (NYSE:PE) Institutional Investors Quarterly Sentiment

April 17, 2018 - By Nellie Frank

Sentiment for Parsley Energy (NYSE:PE)

Parsley Energy (NYSE:PE) institutional sentiment decreased to 1.01 in Q4 2017. Its down -0.12, from 1.13 in 2017Q3. The ratio dived, as 147 funds increased and opened new equity positions, while 145 reduced and sold holdings in Parsley Energy. The funds in our partner’s database now own: 251.44 million shares, up from 246.67 million shares in 2017Q3. Also, the number of funds holding Parsley Energy in their top 10 equity positions decreased from 12 to 11 for a decrease of 1. Sold All: 49 Reduced: 96 Increased: 93 New Position: 54.

Parsley Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, production, exploration, and sale of natural gas and crude oil properties in the Permian Basin in West Texas and Southeastern New Mexico. The company has market cap of $9.41 billion. As of December 31, 2016, its acreage position consisted of 138,567 net acres, including 95,072 net acres in the Midland Basin and 43,495 net acres in the Delaware Basin; and 146.7 net producing horizontal wells and 481.5 net producing vertical wells, as well an estimated proved oil and natural gas reserves were 222.3 MMBoe. It has a 71.1 P/E ratio.

The stock increased 1.63% or $0.48 during the last trading session, reaching $29.86. About 4.08M shares traded. Parsley Energy, Inc. (NYSE:PE) has declined 12.13% since April 17, 2017 and is downtrending. It has underperformed by 23.68% the S&P500.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on May, 3. They expect $0.21 EPS, up 40.00 % or $0.06 from last year’s $0.15 per share. PE’s profit will be $66.15M for 35.55 P/E if the $0.21 EPS becomes a reality. After $0.30 actual EPS reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts -30.00 % negative EPS growth.

Caymus Capital Partners L.P. holds 10.29% of its portfolio in Parsley Energy, Inc. for 2.51 million shares. Goldentree Asset Management Lp owns 2.49 million shares or 7.96% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 7.08% invested in the company for 3.01 million shares. The California-based Cambrian Capital Limited Partnership has invested 6.91% in the stock. Apollo Management Holdings L.P., a New York-based fund reported 10.93 million shares.#img1#

Since January 1, 0001, it had 3 insider buys, and 2 sales for $4.83 million activity.

Parsley Energy, Inc. (NYSE:PE) Ratings Coverage

Ratings analysis reveals 80% of Parsley Energy’s analysts are positive. Out of 20 Wall Street analysts rating Parsley Energy, 16 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $28 while the high is $5700. The stock’s average target of $37.84 is 26.72% above today’s ($29.86) share price. PE was included in 40 notes of analysts from October 23, 2017. BMO Capital Markets maintained it with “Outperform” rating and $36 target in Friday, March 2 report. Bank of America maintained the stock with “Buy” rating in Tuesday, January 30 report. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Northland Capital on Monday, December 11. The rating was downgraded by Seaport Global to “Hold” on Tuesday, April 3. The stock has “Outperform” rating by RBC Capital Markets on Monday, November 13. On Thursday, February 15 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating given on Sunday, November 5 by SunTrust. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Hold” rating by Citigroup on Tuesday, January 30. Williams Capital Group maintained the shares of PE in report on Thursday, February 22 with “Hold” rating. Piper Jaffray maintained the stock with “Buy” rating in Friday, February 2 report.

Parsley Energy, Inc. (NYSE:PE) Institutional Positions Chart

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