Parsley Energy (PE) : During the past 4 weeks, traders have been relatively bearish on Parsley Energy (PE), hence the stock is down -0.97% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.48% relative to the S&P 500. The 4-week change in the price of the stock is -2.97% and the stock has fallen -1.96% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 5.28%.The 200 Day SMA reached 38.37% Parsley Energy, Inc. is up 25.6% in the last 3-month period. Year-to-Date the stock performance stands at 78.7%.
Parsley Energy (PE) : Currently there are 21 street experts covering Parsley Energy (PE) stock. The most bullish and bearish price target for the stock is $48 and $28 respectively for the short term. The average price target of all the analysts comes to $39.71. The estimated standard deviation from the target is $3.76.
For the current week, the company shares have a recommendation consensus of Buy. Parsley Energy (NYSE:PE): The stock opened at $31.91 and touched an intraday high of $33 on Friday. During the day, the stock corrected to an intraday low of $31.7208, however, the bulls stepped in and pushed the price higher to close in the green at $32.97 with a gain of 1.82% for the day. The total traded volume for the day was 5,107,550. The stock had closed at $32.97 in the previous trading session.
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 three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Companys properties are primarily located in the Midland and Delaware Basins and its activities have been focused on the vertical development of the Spraberry, Wolfberry and Wolftoka Trends of the Midland Basin. The Companys vertical wells in the area are drilled into stacked pay zones that include the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline), Strawn, Atoka and Mississippian formations. The Companys principal asset is a controlling equity interest in Parsley LLC, and is its managing member. As of December 31, 2014, the Company had interests in 724 gross (416.4 net) producing wells.