Parsley Energy, Inc. (PE) Short Interest Up 32.8% in October
Parsley Energy, Inc. (NYSE:PE) was the recipient of a significant growth in short interest in October. As of October 13th, there was short interest totalling 16,370,680 shares, a growth of 32.8% from the September 29th total of 12,328,834 shares. Based on an average daily trading volume, of 4,355,888 shares, the short-interest ratio is presently 3.8 days. Currently, 7.5% of the shares of the company are sold short.
Parsley Energy (PE) opened at 25.30 on Friday. Parsley Energy has a 1-year low of $22.98 and a 1-year high of $39.82. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 141.34 and a beta of -0.05. The stock has a 50 day moving average of $25.91 and a 200 day moving average of $27.62.
Parsley Energy (NYSE:PE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and natural gas company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). Parsley Energy had a net margin of 5.23% and a return on equity of 1.70%. The company had revenue of $213.68 million for the quarter, compared to analyst estimates of $216.54 million. During the same period in the prior year, the company earned $0.04 EPS. The company’s revenue was up 99.9% compared to the same quarter last year. Equities analysts expect that Parsley Energy will post $0.47 earnings per share for the current year.
Large investors have recently modified their holdings of the company. Advisor Group Inc. grew its holdings in shares of Parsley Energy by 23.9% during the 2nd quarter. Advisor Group Inc. now owns 4,055 shares of the oil and natural gas company’s stock worth $113,000 after purchasing an additional 781 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Parsley Energy by 6.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,716 shares of the oil and natural gas company’s stock worth $153,000 after purchasing an additional 300 shares during the period. American International Group Inc. grew its holdings in shares of Parsley Energy by 3.8% during the 1st quarter. American International Group Inc. now owns 4,858 shares of the oil and natural gas company’s stock worth $158,000 after purchasing an additional 180 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in shares of Parsley Energy by 14.1% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 5,949 shares of the oil and natural gas company’s stock worth $193,000 after purchasing an additional 735 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Parsley Energy by 15.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,600 shares of the oil and natural gas company’s stock worth $183,000 after purchasing an additional 900 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.
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About Parsley Energy
Parsley Energy, Inc is a holding company. The Company is an independent oil and natural gas company. The Company focuses 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 includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin.
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