Parker Drilling Co. (NYSE:PKD)’s share price traded down 6.2% on Tuesday . The company traded as low as $2.11 and last traded at $2.11, with a volume of 208,892 shares traded. The stock had previously closed at $2.25.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Parker Drilling from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Macquarie downgraded 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 note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $3.42.

The company has a 50-day moving average of $2.17 and a 200-day moving average of $2.11. The firm’s market cap is $264.34 million.

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

A hedge fund recently raised its stake in Parker Drilling stock. Royce & Associates LLC increased its stake in shares of Parker Drilling Co. (NYSE:PKD) by 1.2% during the fourth quarter, according to its most recent filing with the SEC. 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 about 0.63% of Parker Drilling worth $1,400,000 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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