Parsley Energy Inc. Class A (PE) Moves Higher on Volume Spike for September 16

Equities Staff  |

Parsley Energy Inc. Class A (PE) traded on unusually high volume on Sep. 16, as the stock gained 7.35% to close at $19.86. On the day, Parsley Energy Inc. Class A saw 10.06 million shares trade hands on 62,824 trades. Considering that the stock averages only a daily volume of 5.02 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $31.05 and $13.72 over the last 52-weeks, its 50-day SMA is now $16.87, and its 200-day SMA $18.19. Parsley Energy Inc. Class A has a P/B ratio of 1.11. It also has a P/E ratio of 19.1.

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2018, it reported net proven reserves of 499 million barrels of oil equivalent. Net production averaged about 109,000 barrels per day in 2018, at a ratio of 64% oil, 21% natural gas liquids, and 16% natural gas.

Headquartered in Austin, TX, Parsley Energy Inc. Class A has 527 employees and is currently under the leadership of CEO Matthew Gallagher.

For a complete fundamental analysis analysis of Parsley Energy Inc. Class A, check out’s Stock Valuation Analysis report for PE.

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To get more information on Parsley Energy Inc. Class A and to follow the company’s latest updates, you can visit the company’s profile page here: PE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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