Parker Drilling Co. (NYSE:PKD)’s share price was up 4.8% during trading on Monday . The company traded as high as $2.18 and last traded at $2.18, with a volume of 133,658 shares. The stock had previously closed at $2.08.

A number of equities analysts have recently commented on PKD shares. Zacks Investment Research upgraded Parker Drilling from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Macquarie cut Parker Drilling from a “neutral” rating to an “underperform” rating and set a $1.50 target price for the company. in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Parker Drilling has a consensus rating of “Hold” and an average target price of $3.42.

The firm’s market capitalization is $268.06 million. The stock’s 50-day moving average price is $2.15 and its 200-day moving average price is $2.14.

Parker Drilling (NYSE:PKD) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. During the same quarter in the prior year, the company posted ($0.11) EPS. The business had revenue of $105.30 million for the quarter, compared to analysts’ expectations of $105.80 million. The business’s revenue for the quarter was down 43.4% compared to the same quarter last year. On average, equities analysts expect that Parker Drilling Co. will post ($1.33) earnings per share for the current year.

An institutional investor recently raised its position in Parker Drilling stock. Royce & Associates LLC raised its position in Parker Drilling Co. (NYSE:PKD) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 769,500 shares of the company’s stock after buying an additional 9,000 shares during the period. Royce & Associates LLC owned approximately 0.63% of Parker Drilling worth $1,400,000 as of its most recent SEC filing.

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools. The Company’s business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes its Rental Tools segment, and its Drilling Services business includes its U.S.

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