Parsley Energy, Inc. (PE) Forms $25.66 Double Bottom; Chatham Lodging Trust (CLDT) SI Decreased By 8.29%

December 7, 2017 - By Richard Conner

Chatham Lodging Trust (NYSE:CLDT) had a decrease of 8.29% in short interest. CLDT’s SI was 1.62 million shares in December as released by FINRA. Its down 8.29% from 1.76 million shares previously. With 258,000 avg volume, 6 days are for Chatham Lodging Trust (NYSE:CLDT)’s short sellers to cover CLDT’s short positions. The SI to Chatham Lodging Trust’s float is 4.34%. The stock decreased 0.09% or $0.02 during the last trading session, reaching $22.53. About 59,047 shares traded. Chatham Lodging Trust (NYSE:CLDT) has declined 7.78% since December 7, 2016 and is downtrending. It has underperformed by 24.48% the S&P500.

Parsley Energy, Inc. (PE) formed double bottom with $23.35 target or 9.00% below today’s $25.66 share price. Parsley Energy, Inc. (PE) has $8.07 billion valuation. The stock increased 1.26% or $0.32 during the last trading session, reaching $25.66. About 529,677 shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since December 7, 2016 and is uptrending. It has outperformed by 9.39% the S&P500.

Chatham Lodging Trust is an equity real estate investment trust. The company has market cap of $1.02 billion. The firm invests in the real estate markets of the United States. It has a 34.14 P/E ratio. It primarily invests in premium-branded upscale extended-stay and select-service hotels to create its portfolio.

Investors sentiment increased to 1.63 in Q2 2017. Its up 0.35, from 1.28 in 2017Q1. It increased, as 19 investors sold Chatham Lodging Trust shares while 30 reduced holdings. 32 funds opened positions while 48 raised stakes. 31.94 million shares or 2.06% more from 31.29 million shares in 2017Q1 were reported. Boston Partners invested 0.03% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). Advantus Capital Mngmt holds 0.02% of its portfolio in Chatham Lodging Trust (NYSE:CLDT) for 47,098 shares. Morgan Stanley reported 241,624 shares stake. First Tru Advsr L P reported 11,272 shares. 33,825 were reported by Quadrant Mngmt Lc. Prudential Finance holds 508,863 shares. Sei Invs Communication accumulated 11,714 shares or 0% of the stock. Crow Point Ltd Llc, Massachusetts-based fund reported 900,000 shares. Foster And Motley reported 134,387 shares. Systematic Fincl Mgmt L P reported 81,380 shares stake. Rhumbline Advisers holds 0% or 82,329 shares. Blackrock holds 3.68M shares. Alliancebernstein Lp owns 0% invested in Chatham Lodging Trust (NYSE:CLDT) for 67,314 shares. Moreover, Lsv Asset Management has 0.03% invested in Chatham Lodging Trust (NYSE:CLDT). Stifel Fin Corp has invested 0.03% in Chatham Lodging Trust (NYSE:CLDT).

Among 8 analysts covering Chatham Lodging (NYSE:CLDT), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Chatham Lodging had 22 analyst reports since August 11, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained the stock with “Hold” rating in Monday, November 20 report. The firm earned “Mkt Perform” rating on Tuesday, October 11 by FBR Capital. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, March 9 report. The rating was reinitiated by Stifel Nicolaus on Tuesday, March 29 with “Hold”. The firm has “Hold” rating by Cantor Fitzgerald given on Wednesday, October 12. The company was maintained on Wednesday, November 1 by Barclays Capital. As per Wednesday, September 6, the company rating was maintained by Stifel Nicolaus. The stock has “Hold” rating by Stifel Nicolaus on Thursday, October 5. On Thursday, August 4 the stock rating was maintained by SunTrust with “Neutral”. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, July 17.

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 $56.59M for 35.64 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.

Among 35 analysts covering Parsley Energy Inc (NYSE:PE), 31 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 108 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Parsley Energy, Inc. (NYSE:PE) has “Outperform” rating given on Tuesday, December 15 by RBC Capital Markets. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, January 29 report. The stock of Parsley Energy, Inc. (NYSE:PE) has “Buy” rating given on Tuesday, August 15 by Citigroup. Bank of America initiated the shares of PE in report on Tuesday, December 1 with “Buy” rating. The rating was upgraded by Howard Weil to “Focus Stock” on Monday, November 30. The firm earned “Outperform” rating on Friday, August 21 by Credit Suisse. Imperial Capital initiated Parsley Energy, Inc. (NYSE:PE) rating on Tuesday, July 26. Imperial Capital has “Outperform” rating and $34 target. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Outperform” rating by RBC Capital Markets on Tuesday, January 17. The rating was maintained by BMO Capital Markets with “Buy” on Monday, June 26. The firm earned “Overweight” rating on Wednesday, November 15 by JP Morgan.

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By1 Richard Conner




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