Parker Drilling Company Common (NYSE:PKD):
Parker Drilling Reports 2016 Third Quarter Results.
The company is trading down by -2.38% since yesterday’s close of $2.1.
The stock last traded at $2.05 which is just under $2.20, the stock’s 50 day moving average and just below the 200 day moving average of $2.31. The 50 day moving average moved down $-0.15 and the 200 day average went down $-0.26 or -11.16%.
As of the latest earnings report the EPS was $-1.79 and is projected to be $-1.32 for the current year with 124,101,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $-0.26 and the next full year EPS is anticipated to be $-0.86.
A few Wall Street analysts have issued ratings on the stock. Equity analyst starting coverage on the stock setting a rating of “Buy” and establishing a price target of $3.50. DA Davidson started covering PKD giving it an initial rating of “Buy” and setting a price target of $3.50.
On August 31, 2016 the stock rating was rated “Buy” in a report from Edward Jones up from the previous “” rating. On April 7 analysts at Nomura issued its first research report on the stock by announcing an initial rating of “Buy” and a price target of $4.00.
On September 23 the stock rating was upgraded to “Buy” from “Neutral” and a price target of $5.00 was set in a statement from Sidoti & Co.. Evercore ISI raised the price target and upgraded the stock on August 18 boosting the price target from $4.00 to $5.50 and setting the rating at “Buy” which had previously been “”.