Parker Drilling Co. (NYSE:PKD) shares dropped 1.4% during trading on Monday . The stock traded as low as $2.10 and last traded at $2.15, with a volume of 128,950 shares traded. The stock had previously closed at $2.18.

PKD has been the topic of several recent research reports. Seaport Global Securities reaffirmed a “neutral” rating on shares of Parker Drilling in a report on Friday, August 19th. Evercore ISI reaffirmed a “buy” rating and set a $3.50 target price on shares of Parker Drilling in a report on Tuesday, August 23rd. Nomura set a $4.00 target price on Parker Drilling and gave the stock a “buy” rating in a report on Tuesday, August 16th. Macquarie downgraded Parker Drilling from a “neutral” rating to an “underperform” rating and set a $1.50 target price on the stock. in a report on Tuesday, August 9th. Finally, Zacks Investment Research raised Parker Drilling from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $3.08.

The firm’s market capitalization is $268.06 million. The firm has a 50-day moving average of $2.13 and a 200-day moving average of $2.18.

Parker Drilling (NYSE:PKD) last released its earnings results on Tuesday, August 2nd. The company reported ($0.32) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.35) by $0.03. The firm earned $105.30 million during the quarter, compared to the consensus estimate of $105.80 million. During the same period in the prior year, the company earned ($0.11) EPS. The firm’s revenue was down 43.4% compared to the same quarter last year. On average, equities research analysts predict that Parker Drilling Co. will post ($1.32) earnings per share for the current year.

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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