Parsley Energy Announces Public Offering of Class A Common Stock
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Canaccord Genuity Raises Price Target on Parsley Energy (PE) Following Acreage Deals
January 12, 2017 8:59 AM ESTCanaccord Genuity reiterated a Buy rating on Parsley Energy (NYSE: PE), and raised the price target to $50.00 (from $40.00), following the company's recent... More
Parsley Energy (PE) to Acquire Assets in Midland Basin And Delaware Basin; Updates Guidance
January 10, 2017 4:04 PM ESTParsley Energy, Inc. (NYSE: PE) ("Parsley," "Parsley Energy," or the "Company") today announced that it has entered into agreements to acquire, in unrelated transactions, certain undeveloped acreage and producing oil and gas properties located adjacent to the Company's existing operating areas in the Midland and Southern Delaware Basins for an aggregate purchase price of $607 million in cash, with certain transactions still subject to customary closing conditions. The Company has also acquired certain mineral interests in the Southern Delaware Basin for an aggregate purchase price of $43 million. Parsley intends to finance these acquisitions through an equity... More
