Parker Drilling Co. Sets New 1-Year High at $8.67 (PKD)
Parker Drilling (NYSE:PKD) set a new 52-week high during trading hours on Monday, Analyst Ratings.Net reports. The company traded as high as $8.67 and last traded at $8.50, with a volume of 1,237,652 shares. The stock had previously closed at $8.09.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Parker Drilling from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, December 24th. They now have a $8.60 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Parker Drilling from $8.00 to $11.00 in a research note to investors on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Parker Drilling from $7.00 to $8.00 in a research note to investors on Thursday, November 7th. They now have an “equal weight” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.92.
Parker Drilling has a 52-week low of $3.75 and a 52-week high of $8.50. The stock has a 50-day moving average of $7.90 and a 200-day moving average of $6.52. The company’s market cap is $1.006 billion.
Parker Drilling (NYSE:PKD) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.03. The company had revenue of $237.80 million for the quarter, compared to the consensus estimate of $233.25 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 43.9% on a year-over-year basis. Analysts expect that Parker Drilling will post $0.41 EPS for the current fiscal year.
Parker Drilling Company (NYSE:PKD) is a provider of contract drilling and drilling-related services.
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