The stock of Parker Drilling Company (NYSE:PKD) is a huge mover today! About 431,485 shares traded hands. Parker Drilling Company (NYSE:PKD) has declined 31.44% since April 27, 2016 and is downtrending. It has underperformed by 36.66% the S&P500.
The move comes after 5 months positive chart setup for the $268.57M company. It was reported on Nov, 30 by Barchart.com. We have $2.38 PT which if reached, will make NYSE:PKD worth $21.49 million more.
Analysts await Parker Drilling Company (NYSE:PKD) to report earnings on February, 15. They expect $-0.39 earnings per share, down 105.26% or $0.20 from last year’s $-0.19 per share. After $-0.37 actual earnings per share reported by Parker Drilling Company for the previous quarter, Wall Street now forecasts 5.41% negative EPS growth.
Parker Drilling Company (NYSE:PKD) Ratings Coverage
Out of 6 analysts covering Parker Drilling (NYSE:PKD), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Parker Drilling has been the topic of 7 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, October 6 by DA Davidson. Edward Jones upgraded the stock to “Buy” rating in Wednesday, August 31 report. Tudor Pickering downgraded the stock to “Hold” rating in Wednesday, September 9 report. The rating was upgraded by Sidoti on Wednesday, September 23 to “Buy”. TheStreet downgraded Parker Drilling Company (NYSE:PKD) on Friday, August 7 to “Sell” rating.
According to Zacks Investment Research, “Parker Drilling Company provides high-performance contract drilling solutions, rental tools and project management services to the worldwide energy industry.”
Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.80, from 0.79 in 2016Q1. The ratio increased, as 12 funds sold all Parker Drilling Company shares owned while 40 reduced positions. 13 funds bought stakes while 28 increased positions. They now own 80.09 million shares or 2.27% less from 81.96 million shares in 2016Q1.
Ameritas Inv Prtn accumulated 0% or 10,148 shares. Deutsche National Bank & Trust Ag last reported 47,540 shares in the company. Donald Smith owns 3.78M shares or 0.23% of their US portfolio. Alliancebernstein Limited Partnership accumulated 182,189 shares or 0% of the stock. Grantham Mayo Van Otterloo & Co Limited Com last reported 0% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 4,343 shares. Legal General Gru Public Ltd Liability Co holds 0% of its portfolio in Parker Drilling Company (NYSE:PKD) for 17,841 shares. Teacher Retirement Sys Of Texas last reported 0% of its portfolio in the stock. American holds 0% or 69,577 shares in its portfolio. Ladenburg Thalmann Fincl Services Incorporated holds 0% of its portfolio in Parker Drilling Company (NYSE:PKD) for 674 shares. Cornerstone Cap Mngmt Holdg Limited Co has invested 0% of its portfolio in Parker Drilling Company (NYSE:PKD). Tower Capital Ltd Liability (Trc) owns 100 shares or 0% of their US portfolio. Voya Invest Mngmt, a Georgia-based fund reported 63,989 shares. Blackrock Advsrs Ltd Limited Liability Company holds 56,129 shares or 0% of its portfolio. Swiss National Bank & Trust last reported 0% of its portfolio in the stock.
Insider Transactions: Since June 3, 2016, the stock had 1 buying transaction, and 0 sales for $174,000 net activity. $174,000 worth of Parker Drilling Company (NYSE:PKD) was bought by Rich Gary G on Wednesday, August 31. 6,400 shares were sold by King Gary R, worth $14,092.
More notable recent Parker Drilling Company (NYSE:PKD) news were published by: Seekingalpha.com which released: “Parker Drilling Company: Upside Ahead?” on October 13, 2016, also Prnewswire.com with their article: “Parker Drilling Announces Third Quarter 2016 Earnings Release and Conference …” published on October 17, 2016, Moodys.com published: “Moody’s downgrades Parker Drilling to B3, negative outlook” on March 03, 2016. More interesting news about Parker Drilling Company (NYSE:PKD) were released by: Prnewswire.com and their article: “Parker Drilling to Present at the Johnson Rice 2016 Energy Conference” published on September 19, 2016 as well as Prnewswire.com‘s news article titled: “Parker Drilling Reports 2016 Second Quarter Results” with publication date: August 02, 2016.
PKD Company Profile
Parker Drilling Company (Parker Drilling), incorporated on August 4, 1970, is a well-known provider of contract drilling, and drilling-related services and rental tools. The Company’s business consists of two business lines: drilling services and rental tools services. The Company’s Rental Tools Services business includes its Rental Tools segment, and its Drilling Services business includes its U.S. (Lower 48) Drilling, and International & Alaska Drilling divisions. The Firm has activities in over 20 countries.
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