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Shares of Parker Drilling (NYSE:PKD) have been given an average recommendation of “Buy” by the nine analysts that are currently covering the stock, Analyst RN reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $8.86.

Several analysts have recently commented on the stock. Analysts at Sidoti initiated coverage on shares of Parker Drilling in a research note on Wednesday. They set a “buy” rating and a $11.00 price target on the stock. Separately, analysts at Macquarie initiated coverage on shares of Parker Drilling in a research note on Wednesday, June 4th. They set an “outperform” rating and a $8.00 price target on the stock. Finally, analysts at Tudor Pickering initiated coverage on shares of Parker Drilling in a research note on Friday, April 11th. They set an “accumulate” rating and a $9.00 price target on the stock.

Shares of Parker Drilling (NYSE:PKD) traded up 0.94% during mid-day trading on Thursday, hitting $6.995. 241,613 shares of the company’s stock traded hands. Parker Drilling has a 1-year low of $4.92 and a 1-year high of $8.67. The stock has a 50-day moving average of $6.56 and a 200-day moving average of $7.14. The company has a market cap of $842.0 million and a P/E ratio of 59.74.

Parker Drilling (NYSE:PKD) last released its earnings data on Thursday, May 8th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01. The company had revenue of $229.30 million for the quarter, compared to the consensus estimate of $226.70 million. During the same quarter last year, the company posted $0.03 earnings per share. Parker Drilling’s revenue was up 37.2% compared to the same quarter last year. Analysts expect that Parker Drilling will post $0.46 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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