Parker Drilling Co. Reaches New 12-Month High at $7.44 (PKD)
Parker Drilling (NYSE:PKD) set a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $7.44 and last traded at $7.23, with a volume of 365,132 shares. The stock had previously closed at $7.29.
A number of research firms have recently commented on PKD. 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 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 research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $6.76.
Parker Drilling has a 52-week low of $3.61 and a 52-week high of $6.42. The stock has a 50-day moving average of $5.9 and a 200-day moving average of $4.99. The company’s market cap is $861.5 million.
Parker Drilling (NYSE:PKD) last announced its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.18 earnings per share. Parker Drilling’s revenue was up 26.3% compared to the same quarter last year. On average, analysts predict that Parker Drilling will post $0.38 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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