Parker Drilling Co. (NYSE:PKD) shares were up 4.8% on Monday . The company traded as high as $2.18 and last traded at $2.18, with a volume of 133,658 shares traded. The stock had previously closed at $2.08.

A number of research analysts have weighed in on PKD shares. Nomura set a $4.00 target price on shares of Parker Drilling and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Parker Drilling from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Macquarie lowered shares of Parker Drilling from a “neutral” rating to an “underperform” rating and set a $1.50 target price for the company. in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Parker Drilling currently has an average rating of “Hold” and a consensus price target of $3.42.

The firm has a 50-day moving average price of $2.15 and a 200-day moving average price of $2.14. The stock’s market capitalization is $266.82 million.

Parker Drilling (NYSE:PKD) last posted its earnings results on Tuesday, August 2nd. The company reported ($0.32) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.03. The firm earned $105.30 million during the quarter, compared to analyst estimates of $105.80 million. During the same quarter last year, the business posted ($0.11) earnings per share. The company’s revenue for the quarter was down 43.4% on a year-over-year basis. On average, equities research analysts expect that Parker Drilling Co. will post ($1.33) earnings per share for the current year.

An institutional investor recently raised its position in Parker Drilling stock. Royce & Associates LLC increased its position in 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 as of its most recent SEC filing.

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.