Parker Drilling (PKD) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media headlines about Parker Drilling (NYSE:PKD) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parker Drilling earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.0859032048029 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Parker Drilling Company (PKD) – Momentum Stock to Focus – Wall Street Morning (wallstreetmorning.com)
- Parker Drilling Company (NYSE:PKD) Experiences Lighter than Usual Trading Volume (highlightpress.com)
- Is Parker Drilling Co (PKD) Headed Towards A Reversal? – Evergreen Caller (evergreencaller.com)
- Parker Drilling Company (NYSE:PKD) Experiences Lighter than Average Trading Volume – Modern Readers (modernreaders.com)
- Parker Drilling Company (PKD) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
Several research firms have weighed in on PKD. Zacks Investment Research upgraded Parker Drilling from a “hold” rating to a “buy” rating and set a $1.25 target price on the stock in a report on Thursday, August 24th. ValuEngine lowered Parker Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Macquarie upgraded Parker Drilling from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 9th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Parker Drilling in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $2.92.
Parker Drilling (NYSE:PKD) opened at 1.10 on Friday. Parker Drilling has a 12-month low of $1.10 and a 12-month high of $2.90. The firm’s 50-day moving average price is $1.22 and its 200 day moving average price is $1.50. The company’s market capitalization is $151.62 million.
Parker Drilling (NYSE:PKD) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.23) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. Parker Drilling had a negative return on equity of 43.64% and a negative net margin of 41.31%. The firm had revenue of $109.60 million during the quarter, compared to the consensus estimate of $112.25 million. During the same period last year, the business posted ($0.32) EPS. The business’s revenue was up 4.1% compared to the same quarter last year. On average, analysts expect that Parker Drilling will post ($0.88) earnings per share for the current 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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