PARKER DRILLING/SH PAR $ (NYSE:PKD)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $18.43 and traded as high as $19.88. PARKER DRILLING/SH PAR $ shares last traded at $19.88, with a volume of 441 shares trading hands.

Several research analysts recently weighed in on PKD shares. Imperial Capital dropped their price target on PARKER DRILLING/SH PAR $ from $34.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, September 12th. Zacks Investment Research raised PARKER DRILLING/SH PAR $ from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, November 7th.

The company has a current ratio of 2.80, a quick ratio of 2.60 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $19.03 and a two-hundred day moving average of $18.42.

PARKER DRILLING/SH PAR $ (NYSE:PKD) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.25. The business had revenue of $160.08 million for the quarter, compared to analyst estimates of $150.20 million. Equities analysts predict that PARKER DRILLING/SH PAR $ will post 0.8 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at about $49,000. Tower Research Capital LLC TRC acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at about $69,000. Wells Fargo & Company MN acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at about $244,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at about $288,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at about $394,000. 50.84% of the stock is currently owned by institutional investors.

About PARKER DRILLING/SH PAR $ (NYSE:PKD)

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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