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Parsley Energy (PE) Catches Eye: Stock Jumps 8.4%

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Parsley Energy, Inc. was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 14.1% in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter 2017 results.

The company has seen seven negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Parsley Energy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Oil and Gas - Exploration and Production - United States industry may consider Cabot Oil & Gas Corporation , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is PE going up? Or down? Predict to see what others think:Up or Down

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