Somewhat Positive Media Coverage Somewhat Unlikely to Impact Parker Drilling (PKD) Share Price
Media coverage about Parker Drilling (NYSE:PKD) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Parker Drilling earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.764615140852 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Parker Drilling Company (PKD) noted a price change of 4.35% and Monroe Capital Corporation (MRCC) closes with a … – Stocks Gallery (stocksgallery.com)
- Parker Drilling (PKD) and Its Peers Head-To-Head Analysis (americanbankingnews.com)
- Parker Drilling (PKD) vs. The Competition Head-To-Head Contrast (americanbankingnews.com)
- ETFs with exposure to Parker Drilling Co. : September 13, 2017 (finance.yahoo.com)
- Parker Drilling (PKD) vs. Its Peers Financial Review (americanbankingnews.com)
Several equities analysts have commented on the company. ValuEngine downgraded Parker Drilling from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Parker Drilling from a “hold” rating to a “sell” rating in a research report on Thursday, June 1st. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Parker Drilling in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Parker Drilling has a consensus rating of “Hold” and a consensus price target of $2.92.
Parker Drilling (PKD) opened at 1.175 on Tuesday. The company’s market capitalization is $161.95 million. The firm has a 50-day moving average price of $1.18 and a 200 day moving average price of $1.41. Parker Drilling has a 52-week low of $1.10 and a 52-week high of $2.90.
Parker Drilling (NYSE:PKD) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.23) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $112.25 million. During the same period in the prior year, the business earned ($0.32) EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts predict that Parker Drilling will post ($0.88) earnings per share 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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