Upgrades In-line Outperform X

PE Parsley Energy

Evercore ISI

Upgrades Peer Perform Outperform X

PE Parsley Energy

Wolfe Research

Initiated Neutral X

PE Parsley Energy

Mizuho

$18

Upgrades Eq-Weight Overweight X

PE Parsley Energy

Stephens

Initiated Overweight X

PE Parsley Energy

Barclays

$38

Reiterated Outperform X

PE Parsley Energy

Imperial Capital

$45 $33

Upgrades Neutral Buy X

PE Parsley Energy

Citigroup

Initiated Overweight X

PE Parsley Energy

KeyBanc Capital Mkts

Downgrades Outperform In-line X

PE Parsley Energy

Evercore ISI

Initiated Equal-Weight X

PE Parsley Energy

Stephens

$31

Initiated Outperform X

PE Parsley Energy

Cowen

Upgrades Neutral Buy X

PE Parsley Energy

Goldman

Upgrades Neutral Outperform X

PE Parsley Energy

Macquarie

Resumed Outperform X

PE Parsley Energy

Wells Fargo

Reiterated Buy X

PE Parsley Energy

Stifel

$56 $58

Initiated Positive X

PE Parsley Energy

Susquehanna

Initiated Buy X

PE Parsley Energy

TD Securities

Upgrades Neutral Buy X

PE Parsley Energy

Seaport Global Securities

Reiterated Outperform X

PE Parsley Energy

Imperial Capital

$40 $42

Initiated Hold X

PE Parsley Energy

NatAlliance Securities

$25

Reiterated Buy X

PE Parsley Energy

Stifel

$49 $48

Initiated Buy X

PE Parsley Energy

Deutsche Bank

$38

Downgrades Overweight Eq-Weight X

PE Parsley Energy

Morgan Stanley

Downgrades Buy Hold X

PE Parsley Energy

Williams Capital Group

$38 $34

PE  Parsley Energy, Inc. Class A

Parsley Energy, Inc. is a holding company. The Company is an independent oil and natural gas company. The Company focuses on the acquisition, development and exploitation of unconventional oil and natural gas reserves in the Permian Basin. The Permian Basin is located in West Texas and Southeastern New Mexico and includes three primary sub-areas: the Midland Basin, the Central Basin Platform and the Delaware Basin. The Company's properties are primarily located in the Midland and Delaware Basins, where it focuses on horizontal development drilling and target various stacked pay intervals in the Spraberry, Wolfcamp, Upper Pennsylvanian (Cline) and Atoka shales. As of December 31, 2016, it had an average working interest of 87% in 166 gross (146.7 net) horizontal wells, of which 151 gross (132.4 net) are in the Midland Basin. As of December 31, 2016, the Company operated seven horizontal rigs and three vertical drilling rigs.