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Equities research analysts at Goldman Sachs initiated coverage on shares of Parsley Energy (NYSE:PE) in a research note issued to investors on Tuesday. The firm set a “neutral” rating on the stock.

Shares of Parsley Energy (NYSE:PE) opened at 23.62 on Tuesday. Parsley Energy has a one year low of $21.19 and a one year 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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