Parker Drilling Co. (NYSE:PKD) shares were down 3.1% during trading on Friday . The stock traded as low as $2.16 and last traded at $2.16, with a volume of 185,243 shares traded. The stock had previously closed at $2.23.

Several research analysts have commented on PKD shares. Nomura set a $4.00 price target on Parker Drilling and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Zacks Investment Research downgraded Parker Drilling from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. Finally, Macquarie downgraded 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Parker Drilling presently has an average rating of “Hold” and a consensus price target of $3.00.

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

Parker Drilling (NYSE:PKD) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. During the same period in the prior year, the company earned ($0.11) earnings per share. The firm had revenue of $105.30 million for the quarter, compared to analyst estimates of $105.80 million. The firm’s quarterly revenue was down 43.4% on a year-over-year basis. On average, equities research analysts expect that Parker Drilling Co. will post ($1.32) earnings per share 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 disclosure with the SEC. The fund owned 769,500 shares of the company’s stock after buying an additional 9,000 shares during the period. Royce & Associates LLC owned approximately 0.63% of Parker Drilling worth $1,400,000 at the end of the most recent reporting period.

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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