Shares of Parker Drilling (NYSE:PKD) have earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1.25.
Several large investors have recently modified their holdings of PKD. Schwab Charles Investment Management Inc. increased its holdings in shares of Parker Drilling by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 491,408 shares of the oil and gas company’s stock valued at $664,000 after acquiring an additional 2,812 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Parker Drilling by 2.9% during the second quarter. Bank of New York Mellon Corp now owns 766,318 shares of the oil and gas company’s stock valued at $1,035,000 after acquiring an additional 21,760 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Parker Drilling by 5.4% during the second quarter. Alliancebernstein L.P. now owns 191,989 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 9,800 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Parker Drilling by 10.0% during the second quarter. Teachers Advisors LLC now owns 376,394 shares of the oil and gas company’s stock valued at $508,000 after acquiring an additional 34,277 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Parker Drilling by 10.3% during the second quarter. Northern Trust Corp now owns 2,378,934 shares of the oil and gas company’s stock valued at $3,211,000 after acquiring an additional 222,741 shares in the last quarter. Hedge funds and other institutional investors own 62.60% of the company’s stock.
Parker Drilling (NYSE:PKD) traded down $0.02 on Thursday, reaching $0.96. The company’s stock had a trading volume of 1,379,117 shares, compared to its average volume of 787,349. The company has a debt-to-equity ratio of 1.78, a quick ratio of 3.02 and a current ratio of 3.39. The company has a market capitalization of $136.73, a P/E ratio of -1.07 and a beta of 1.45. Parker Drilling has a twelve month low of $0.85 and a twelve month high of $2.45.
Parker Drilling (NYSE:PKD) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.01. The business had revenue of $116.30 million during the quarter, compared to the consensus estimate of $112.22 million. Parker Drilling had a negative return on equity of 32.05% and a negative net margin of 26.82%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.39) earnings per share. sell-side analysts predict that Parker Drilling will post -0.46 EPS for the current fiscal year.
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Parker Drilling Company Profile
Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools and services. The Company’s business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes U.S. Rental Tools and International Rental Tools segments, and its Drilling Services business includes its U.S.
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