PARKER DRILLING/SH PAR $ (NYSE:PKD) had its target price cut by Imperial Capital from $34.00 to $30.00 in a research report released on Thursday morning, Briefing.com Automated Import reports. They currently have an outperform rating on the oil and gas company’s stock.

Separately, Zacks Investment Research raised PARKER DRILLING/SH PAR $ from a sell rating to a hold rating in a report on Tuesday, September 3rd.

NYSE:PKD traded down $0.11 on Thursday, hitting $21.90. 7,631 shares of the stock were exchanged, compared to its average volume of 26,473. PARKER DRILLING/SH PAR $ has a 52 week low of $10.67 and a 52 week high of $24.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.61 and a current ratio of 2.76. The company’s 50-day moving average price is $15.35 and its 200 day moving average price is $14.74.

PARKER DRILLING/SH PAR $ (NYSE:PKD) last announced its quarterly earnings data on Monday, August 5th. The oil and gas company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.24). The business had revenue of $156.03 million during the quarter, compared to analysts’ expectations of $157.62 million. Equities analysts predict that PARKER DRILLING/SH PAR $ will post -9.13 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter worth about $49,000. Tower Research Capital LLC TRC acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter worth about $69,000. Wells Fargo & Company MN acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter worth about $244,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter worth about $288,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter worth about $394,000. Institutional investors own 50.48% of the company’s stock.

About PARKER DRILLING/SH PAR $

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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