Parsley Energy Announces Acquisitions and Updates Full-Year Guidance
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April 5, 2016 9:16 AM EDT
Stifel reiterated a Buy rating on Parsley Energy (NYSE: PE), and raised the price target to $25.00 (from $24.00), following the company's announced agreements to acquire 22,908 net acres in the Midland and Southern Delaware Basins.
Analyst Daniel Guffey commented, "After the close, PE announced it has... More
April 5, 2016 6:36 AM EDT
Parsley Energy, Inc. (NYSE: PE) announced that it has priced an underwritten, upsized public offering of 18,250,000 shares of Class A common stock for total gross proceeds (before underwriters fees and estimated expenses) of approximately $390.6 million. The 18,250,000 share offering represents a 2,250,000 share upsize to the originally proposed 16,000,000 share offering. The underwriters have an option for 30 days to purchase up to an additional 2,737,500 shares of... More
