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Parsley Energy Inc (NYSE:PE) target price lowered to $36.00, reported today by RBC Capital Markets

Parsley Energy Inc (NYSE:PE) had its price target dropped to $36.00 by RBC Capital Markets in a report issued 11/13/2017. The updated target suggests a potential upside of 0.34% from the company's previous close.

On Wednesday October 18, 2017, Williams Capital released a statement on Parsley Energy Inc (NYSE:PE) dropped the target price from $36.00 to $33.00 that suggested an upside of 0.24%.

Having a price of $26.79, Parsley Energy Inc (NYSE:PE) traded -0.26% lower on the day. With the last close down -4.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.02% over the same period. PE has recorded a 50-day average of $25.82 and a two hundred day average of $28.03. Trade Volume was down over the average, with 3,613,926 shares of PE changing hands under the typical 4,992,580

Recent Performance Chart

Parsley Energy Inc (NYSE:PE)

Parsley Energy Inc has PE ratio of 149.27 with a one year low of $22.98 and a one year high of $39.82 and has a market capitalization of $0.

A total of 28 analysts have released a report on Parsley Energy Inc. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $30.04.

General Company Details For Parsley Energy Inc (NYSE:PE)

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. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales. As of December 31, 2016, it had an average working interest of 87% in 166 gross (146.7 net) horizontal wells, of which 151 gross (132.4 net) are in the Midland Basin. As of December 31, 2016, the Company operated seven horizontal rigs and three vertical drilling rigs.

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