PARKER DRILLING/SH PAR $ (NYSE:PKD) – Equities researchers at Imperial Capital issued their Q1 2020 earnings per share estimates for shares of PARKER DRILLING/SH PAR $ in a research note issued on Thursday, November 7th. Imperial Capital analyst J. Wangler expects that the oil and gas company will earn $0.48 per share for the quarter. Imperial Capital has a “Outperform” rating and a $30.00 price objective on the stock. Imperial Capital also issued estimates for PARKER DRILLING/SH PAR $’s Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.93 EPS, Q4 2020 earnings at $0.93 EPS and FY2020 earnings at $3.07 EPS.
PARKER DRILLING/SH PAR $ (NYSE:PKD) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.25. The company had revenue of $160.08 million for the quarter, compared to the consensus estimate of $150.20 million.
Separately, Zacks Investment Research upgraded PARKER DRILLING/SH PAR $ from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Thursday.
Shares of NYSE PKD traded up $0.36 during midday trading on Friday, reaching $20.39. 12,760 shares of the company traded hands, compared to its average volume of 57,940. The stock’s 50-day simple moving average is $18.76 and its 200-day simple moving average is $18.41. PARKER DRILLING/SH PAR $ has a 12 month low of $10.67 and a 12 month high of $24.09. The company has a quick ratio of 2.61, a current ratio of 2.76 and a debt-to-equity ratio of 0.60.
Several large investors have recently made changes to their positions in PKD. JPMorgan Chase & Co. acquired a new stake in shares of PARKER DRILLING/SH PAR $ in the second quarter valued at $49,000. Tower Research Capital LLC TRC acquired a new stake in PARKER DRILLING/SH PAR $ in the second quarter worth about $69,000. Wells Fargo & Company MN acquired a new stake in PARKER DRILLING/SH PAR $ in the second quarter worth about $244,000. Nomura Asset Management Co. Ltd. acquired a new stake in PARKER DRILLING/SH PAR $ in the second quarter worth about $288,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in PARKER DRILLING/SH PAR $ in the second quarter worth about $394,000. Institutional investors own 50.48% of the company’s stock.
PARKER DRILLING/SH PAR $ Company Profile
Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas.
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