Parker Drilling Co. (NYSE:PKD) saw unusually-high trading volume on Monday . Approximately 540,703 shares were traded during trading, an increase of 42% from the previous session’s volume of 381,771 shares.The stock last traded at $2.21 and had previously closed at $2.05.

Separately, Zacks Investment Research lowered shares of Parker Drilling from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $3.80.

The firm’s market capitalization is $279.23 million. The stock’s 50-day moving average price is $2.19 and its 200-day moving average price is $2.11.

Parker Drilling (NYSE:PKD) last released its earnings results on Tuesday, August 2nd. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.03. The business had revenue of $105.30 million for the quarter, compared to analyst estimates of $105.80 million. Parker Drilling’s quarterly revenue was down 43.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.11) earnings per share. Analysts anticipate that Parker Drilling Co. will post ($1.26) EPS for the current fiscal year.

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

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.