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 $31.88, down from yesterday’s close by -0.22%. 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 $10.32 Billion. That value represents a market adjusting for revenues that have been growing by 95.53 % 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 -$2.16 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.24 on a per share basis this quarter. Perhaps, that suggests something about why 8.19% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how PE has been acting. Looking at the stock’s movement on the chart, Parsley Energy, Inc. recorded a 52-week high of $33.43. It is now trading 1.55% off that level. The stock is trading $28.95 its 50-day moving average by -2.93%. The stock carved out a 52-week low down at $21.12.
In recent action, Parsley Energy, Inc. (PE) has made a move of +4.63% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, 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 7.35% with $256.62 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PE.