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Parsley Energy Inc 36.5% Potential Upside Now Implied by RBC Capital Mkts

Parsley Energy Inc using SYMBOL/TICKER code NYSE:PE has had its stock rating noted as ‘Upgrade’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Mkts. Parsley Energy Inc are listed in the Energy sector within NYSE. RBC Capital Mkts have set their target price at 26 USD on its stock. This would indicate that the analyst believes there is a potential upside of 36.5% from the opening price of 19.05 USD.

 

Parsley Energy Inc NYSE:PE has a 50 day moving average of 18.53 USD and the 200 Day Moving Average price is recorded at 17.16 USD. The 52 week high for the share price is currently at 20.33 USD while the 52 week low is 11.4 USD. Over the last 30 and 90 trading days the company share price has increased 0.95 points and increased 4.36 points respectively. There are currently 161,627,727 shares in issue with the average daily volume traded being 2,835,636. Market capitalisation for NYSE:PE is $3,137,194,156.00 USD.

 

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.

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