Parsley Energy Announces Midland Basin Acquisition
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Imperial Capital Raises Price Target on Parsley Energy (PE) to $42
August 17, 2016 7:27 AM EDTImperial Capital reiterated an Outperform rating on Parsley Energy (NYSE: PE), and raised the price target to $42.00 (from $40.00), following the company's announcement of a $400mn PSA to acquire 11,672 (9,140 net) acres in the core of the Midland Basin. Imperial Capital views the acquisition positively and believes... More
