Checking the Overall Picture for Parsley Energy, Inc. (PE)

Parsley Energy, Inc. (PE) is an interesting player in the Basic Materials space, with a focus on Independent Oil & Gas. The stock has been active on the tape, currently trading at $26.77, down from yesterday’s close by -0.11%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Parsley Energy, Inc. (PE) currently trades with a market capitalization of $8.33 Billion. That value represents a market adjusting for revenues that have been growing by 99.00 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$2.96 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.22 on a per share basis this quarter. Perhaps, that suggests something about why 8.18% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, Parsley Energy, Inc. recorded a 52-week high of $33.07. It is now trading 6.3% off that level. The stock is trading $26.61 its 50-day moving average by -0.16%. The stock carved out a 52-week low down at $21.12.

In recent action, Parsley Energy, Inc. (PE) has made a move of +23.14% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.8, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.73% with $246.38 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PE.

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