Shares of Parker Drilling Co. (NYSE:PKD) were up 1.4% during mid-day trading on Wednesday . The stock traded as high as $2.20 and last traded at $2.18, with a volume of 290,666 shares trading hands. The stock had previously closed at $2.15.

A number of equities analysts have recently weighed in on the company. Seaport Global Securities reiterated a “neutral” rating on shares of Parker Drilling in a research note on Friday, August 19th. Evercore ISI reiterated a “buy” rating and set a $3.50 target price on shares of Parker Drilling in a research note on Tuesday, August 23rd. Nomura set a $4.00 target price on Parker Drilling and gave the stock a “buy” rating in a research note on Tuesday, August 16th. Macquarie lowered Parker Drilling from a “neutral” rating to an “underperform” rating and set a $1.50 target price on the stock. in a research note on Tuesday, August 9th. Finally, Zacks Investment Research upgraded Parker Drilling from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Parker Drilling has an average rating of “Hold” and a consensus price target of $3.08.

The stock has a 50 day moving average price of $2.12 and a 200 day moving average price of $2.22. The company’s market cap is $268.06 million.

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