Stock Traders Buy Large Volume of Parsley Energy Put Options (NYSE:PE)

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Parsley Energy Inc (NYSE:PE) was the target of unusually large options trading activity on Monday. Stock traders acquired 9,392 put options on the company. This is an increase of approximately 4,093% compared to the typical daily volume of 224 put options.

A number of analysts recently weighed in on PE shares. Robert W. Baird dropped their price objective on shares of Parsley Energy from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. SunTrust Banks set a $23.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Tuesday, September 10th. TD Securities dropped their price objective on shares of Parsley Energy from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday. ValuEngine raised shares of Parsley Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Cowen set a $24.00 price objective on shares of Parsley Energy and gave the stock a “buy” rating in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Parsley Energy has a consensus rating of “Buy” and a consensus target price of $28.36.

Institutional investors and hedge funds have recently made changes to their positions in the company. River & Mercantile Asset Management LLP acquired a new position in shares of Parsley Energy in the second quarter worth about $29,000. Quantamental Technologies LLC acquired a new position in shares of Parsley Energy in the second quarter worth about $53,000. Nisa Investment Advisors LLC acquired a new position in shares of Parsley Energy in the second quarter worth about $76,000. Machina Capital S.A.S. acquired a new position in shares of Parsley Energy in the second quarter worth about $86,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Parsley Energy by 22.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,148 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 958 shares during the period. 82.48% of the stock is currently owned by institutional investors.

Shares of PE traded up $0.52 during mid-day trading on Tuesday, hitting $15.70. The company’s stock had a trading volume of 18,769,072 shares, compared to its average volume of 4,764,149. The firm has a 50-day moving average price of $17.39 and a 200 day moving average price of $18.03. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.50 and a quick ratio of 0.50. Parsley Energy has a fifty-two week low of $13.72 and a fifty-two week high of $29.88.

Parsley Energy (NYSE:PE) last announced its quarterly earnings data on Tuesday, August 6th. The oil and natural gas company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $198.50 million for the quarter, compared to analysts’ expectations of $467.53 million. Parsley Energy had a net margin of 13.69% and a return on equity of 5.72%. The business’s revenue was down 57.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, equities analysts anticipate that Parsley Energy will post 1.38 EPS for the current fiscal year.

The firm also recently disclosed a — dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.03 dividend. The ex-dividend date was Thursday, September 19th. Parsley Energy’s dividend payout ratio is currently 8.51%.

Parsley Energy Company Profile

Parsley Energy, Inc, an independent oil and natural gas company, engages in the acquisition, development, exploration, production, and sale of crude oil and natural gas properties in the Permian Basin in west Texas and Southeastern New Mexico. As of December 31, 2018, its acreage position consisted of 198,946 net acres, including 154,107 net acres in the Midland Basin and 44,839 net acres in the Delaware Basin; and operated 425.3 net acres of the horizontal wells and 735.7 net acres of the vertical wells, as well an estimated proved oil, natural gas, and natural gas liquid reserves of 521.7 MMBoe.

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