Parker Drilling Co. (NYSE:PKD) shares traded up 0.9% during mid-day trading on Thursday . The company traded as high as $2.31 and last traded at $2.19, with a volume of 310,107 shares. The stock had previously closed at $2.17.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Parker Drilling from a “hold” rating to a “sell” rating in a report on Tuesday, April 19th. Nomura Holdings Inc. assumed coverage on Parker Drilling in a report on Friday, April 8th. They set a “buy” rating and a $4.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.80.

The company’s market cap is $276.95 million. The firm has a 50-day moving average price of $2.31 and a 200 day moving average price of $2.04.

Parker Drilling (NYSE:PKD) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.03. During the same period in the prior year, the firm posted $0.03 EPS. The business earned $143.90 million during the quarter, compared to analyst estimates of $124.59 million. Parker Drilling’s revenue for the quarter was down 36.1% compared to the same quarter last year. Equities analysts expect that Parker Drilling Co. will post ($1.25) earnings per share for the current fiscal year.

A number of institutional investors have bought and sold shares of the company. Oxford Asset Management raised its position in Parker Drilling by 47.8% in the fourth quarter. Oxford Asset Management now owns 771,949 shares of the company’s stock worth $1,359,000 after buying an additional 249,812 shares in the last quarter. Royce & Associates LLC raised its position in Parker Drilling by 1.2% in the fourth quarter. Royce & Associates LLC now owns 769,500 shares of the company’s stock worth $1,400,000 after buying an additional 9,000 shares in the last quarter. Finally, Towle & Co. raised its position in Parker Drilling by 16.4% in the fourth quarter. Towle & Co. now owns 6,935,239 shares of the company’s stock worth $12,622,000 after buying an additional 977,840 shares in the last quarter.

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools. The Company owns and operates drilling rigs and drilling-related equipment and also performs drilling-related services, referred to as Operations & Maintenance (O&M) work, for customer-owned drilling rigs on a contracted basis.

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