Parsley Energy (NYSE:PE), A rise of 263,143 shares or 1.8% was seen in the short interest of Parsley Energy, Inc.. Even as the interest increased from 14,887,258 shares on May 31,2016 to 15,150,401 shares on June 15,2016, the days to cover came in at 7. The updated interest stood at 10.1% of the stocks floats. The stock has seen an average daily volume of 2,311,636 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Parsley Energy (NYSE:PE): The stock opened at $25.97 on Friday but the bulls could not build on the opening and the stock topped out at $26.75 for the day. The stock traded down to $25.97 during the day, due to lack of any buying support eventually closed down at $26.41 with a loss of -2.98% for the day. The stock had closed at $27.22 on the previous day. The total traded volume was 11,217,898 shares.
The company shares have rallied 53.01% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $28.01 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $25.96 and the 200 Day Moving Average price is recorded at $21.16.
Parsley Energy (NYSE:PE) has climbed 0.61% in the past week and advanced 1.81% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.28% and the outperformance has advanced to 4.89% for the last 4 weeks period.
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.