Parsley Energy Inc. Class A (PE) Moves Lower on Volume Spike for December 06

Equities Staff  |

Parsley Energy Inc. Class A (PE) traded on unusually high volume on Dec. 06, as the stock lost 3.63% to close at $19.09. On the day, Parsley Energy Inc. Class A saw 9.59 million shares trade hands on 53,206 trades. Considering that the stock averages only a daily volume of 6.19 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 $33.43 and $19.80 over the last 52-weeks, its 50-day SMA is now $25.60, and its 200-day SMA $28.12. Parsley Energy Inc. Class A has a P/B ratio of 1.1. It also has a P/E ratio of 14.7.

Parsley Energy Inc is an independent oil and natural gas company that focuses on the acquisition, development, and exploitation of unconventional oil and natural gas reserves. The company grows reserves and production through development, exploitation, and drilling of its multiyear inventory of drilling locations. Parsley chooses to operate nearly all the wells it has interest in. Equipment and personnel are received from independent contractors, but the company employs its own crew to improve production rates, increase reserves, and lower the cost of operating their oil and natural gas properties. Traditionally, Parsley's properties have been acquired through oil and natural gas lease agreements that provide royalties to the original mineral owners of the property.

Headquartered in Austin, TX, Parsley Energy Inc. Class A has 460 employees and is currently under the leadership of CEO Bryan Sheffield.

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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