Parsley Energy, Inc. (PE) Forms $23.60 Double Bottom; Axis Capital Holdings LTD (AXS) Has 1.16 Sentiment

Parsley Energy, Inc. (PE) formed double bottom with $21.48 target or 9.00% below today’s $23.60 share price. Parsley Energy, Inc. (PE) has $7.42 billion valuation. The stock decreased 1.95% or $0.47 during the last trading session, reaching $23.6. About 15.62M shares traded or 223.61% up from the average. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 1, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. The company has market cap of $4.20 billion. It operates through two divisions, Insurance and Reinsurance. It currently has negative earnings. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on February, 22. They expect $0.18 earnings per share, up 200.00% or $0.12 from last year’s $0.06 per share. PE’s profit will be $56.59 million for 32.78 P/E if the $0.18 EPS becomes a reality. After $0.12 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It turned negative, as 51 investors sold Parsley Energy, Inc. shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Moreover, Viking Fund Mngmt Ltd has 3.27% invested in Parsley Energy, Inc. (NYSE:PE) for 780,000 shares. D E Shaw & Inc invested in 82,828 shares. Magnetar Financial Lc reported 0.01% stake. Fmr Ltd has 11.99 million shares. 23,355 were reported by Cue Group Inc. Ls Advisors Limited Liability Company stated it has 2,446 shares. Westwood Hldgs Gru stated it has 0.34% in Parsley Energy, Inc. (NYSE:PE). Public Employees Retirement Association Of Colorado invested 0.01% in Parsley Energy, Inc. (NYSE:PE). Cap Fund Mngmt Sa has 0.05% invested in Parsley Energy, Inc. (NYSE:PE). Silvercrest Asset Mngmt Lc has 0.02% invested in Parsley Energy, Inc. (NYSE:PE). Profund Advsr holds 0.01% or 9,350 shares. Lord Abbett And Co Limited Liability Company has invested 0.04% in Parsley Energy, Inc. (NYSE:PE). Jupiter Asset holds 0.15% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 166,145 shares. Wells Fargo & Mn has invested 0.01% of its portfolio in Parsley Energy, Inc. (NYSE:PE). L & S has invested 0.94% of its portfolio in Parsley Energy, Inc. (NYSE:PE).

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 30 have Buy rating, 0 Sell and 6 Hold. Therefore 83% are positive. Parsley Energy Inc had 120 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained the shares of PE in report on Tuesday, August 15 with “Buy” rating. The company was maintained on Friday, July 21 by Citigroup. As per Monday, July 17, the company rating was maintained by Northland Capital. The firm has “Buy” rating given on Friday, October 13 by Citigroup. Topeka Capital Markets maintained Parsley Energy, Inc. (NYSE:PE) on Thursday, February 25 with “Buy” rating. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by BMO Capital Markets on Thursday, January 11. On Tuesday, August 15 the stock rating was initiated by Imperial Capital with “Buy”. FBR Capital maintained Parsley Energy, Inc. (NYSE:PE) rating on Thursday, June 1. FBR Capital has “Buy” rating and $4200 target. The firm has “Outperform” rating by Imperial Capital given on Friday, August 5. Credit Suisse initiated the shares of PE in report on Monday, December 11 with “Buy” rating.

Vulcan Value Partners Llc holds 3.28% of its portfolio in AXIS Capital Holdings Limited for 6.69 million shares. New Vernon Investment Management Llc owns 34,250 shares or 2.18% of their US portfolio. Moreover, Nine Chapters Capital Management Llc has 1.57% invested in the company for 12,400 shares. The New York-based Pzena Investment Management Llc has invested 1.39% in the stock. General American Investors Co Inc, a New York-based fund reported 245,000 shares.