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Investment analysts at Raymond James assumed coverage on shares of Parsley Energy (NYSE:PE) in a note issued to investors on Tuesday. The firm set an “outperform” rating on the stock.

A number of other analysts have also recently weighed in on PE. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Parsley Energy in a research note on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Parsley Energy in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Parsley Energy in a research note on Tuesday. They set a “neutral” rating on the stock.

Shares of Parsley Energy (NYSE:PE) opened at 23.62 on Tuesday. Parsley Energy has a 52-week low of $21.19 and a 52-week high of $25.70. The stock has a 50-day moving average of $24.22 and a 200-day moving average of $24.22. The company’s market cap is $2.639 billion.

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.

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