Parker Drilling Co. (PKD) Trading Up 1.4%
Parker Drilling Co. (NYSE:PKD)’s share price was up 1.4% during trading on Wednesday . The stock traded as high as $2.20 and last traded at $2.18, with a volume of 290,666 shares traded. The stock had previously closed at $2.15.
Several equities analysts have recently commented on PKD shares. Nomura set a $4.00 target price on shares of Parker Drilling and gave the stock a “buy” rating in a report on Tuesday, August 16th. Macquarie cut shares of Parker Drilling from a “neutral” rating to an “underperform” rating and set a $1.50 price target on the stock. in a research report on Tuesday, August 9th. Edward Jones upgraded shares of Parker Drilling from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Parker Drilling from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Evercore ISI restated a “buy” rating and issued a $3.50 price target on shares of Parker Drilling in a research report on Tuesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $3.08.
The stock’s market cap is $266.82 million. The firm’s 50-day moving average price is $2.13 and its 200-day moving average price is $2.22.
Parker Drilling (NYSE:PKD) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The firm had revenue of $105.30 million for the quarter, compared to analyst estimates of $105.80 million. Parker Drilling’s revenue for the quarter was down 43.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. On average, equities analysts expect that Parker Drilling Co. will post ($1.32) EPS for the current fiscal year.
A hedge fund recently raised its stake in Parker Drilling stock. Ameriprise Financial Inc. boosted its position in Parker Drilling Co. (NYSE:PKD) by 31.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,255,023 shares of the company’s stock after buying an additional 298,586 shares during the period. Ameriprise Financial Inc. owned 1.02% of Parker Drilling worth $2,284,000 as of its most recent filing with the SEC.
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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