Is Parsley Energy Inc (PE) a Stock to Watch This Week?

Overall market sentiment has been high on Parsley Energy Inc (PE) stock lately. PE receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Parsley Energy Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PE!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With PE Stock Today?

Parsley Energy Inc (PE) stock is trading at $10.21 as of 11:09 AM on Wednesday, Oct 21, a decline of -$0.43, or -4% from the previous closing price of $10.63. The stock has traded between $10.15 and $10.53 so far today. Volume today is 10,520,537 compared to average volume of 8,870,970.

To see InvestorsObserver's Sentiment Score for Parsley Energy Inc click here.

More About Parsley Energy Inc

Parsley Energy is an independent oil and gas producer in the United States that operates exclusively in the Permian Basin. At the end of 2019, it reported net proven reserves of 592 million barrels of oil equivalent. Net production averaged about 140,600 barrels per day in 2018, at a ratio of 62% oil, 21% natural gas liquids, and 17% natural gas.

Click Here to get the full Stock Score Report on Parsley Energy Inc (PE) Stock.