Parker Drilling Co. Hits New 52-Week High at $6.43 (PKD)
Parker Drilling (NYSE:PKD) set a new 52-week high during trading hours on Friday, American Banking & Market News reports. The company traded as high as $6.43 and last traded at $6.37, with a volume of 722,050 shares. The stock had previously closed at $6.25.
Several analysts have recently commented on the stock. Analysts at Stephens initiated coverage on shares of Parker Drilling in a research note to investors on Thursday, October 3rd. They set an “overweight” rating and a $8.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Parker Drilling from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, October 2nd. They now have a $6.80 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Parker Drilling from $6.00 to $7.00 in a research note to investors on Monday, September 9th. They now have an “equal weight” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $6.76.
Parker Drilling has a one year low of $3.61 and a one year high of $6.42. The stock’s 50-day moving average is $5.90 and its 200-day moving average is $5.15. The company’s market cap is $764.7 million.
Parker Drilling (NYSE:PKD) last released its earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $226.00 million for the quarter, compared to the consensus estimate of $234.60 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 26.3% on a year-over-year basis. On average, analysts predict that Parker Drilling will post $0.39 earnings per share for the current fiscal year.
Parker Drilling Company (NYSE:PKD) is a provider of contract drilling and drilling-related services.
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