Parker Drilling Company Common (NYSE:PKD):
Parker Drilling Announces Third Quarter 2016 Earnings Release and Conference Call Schedule.
The company is so far trading down by -2.38 percent from yesterday’s close.
Company chares are trading at $2.05 which is just a bit below the 50 day moving average of $2.20 and which is a tad under the 200 day moving average of $2.31. The 50 day moving average moved down $-0.15 whereas the 200 day moving average was down $-0.26 or -11.16%.
In the latest earnings report the EPS was $-1.79 and is expected to be $-1.32 for the current year with 124,101,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.26 with next year’s EPS anticipated to be $-0.86.
Several brokerage firms have issued ratings on the company of late. On October 6, 2016 starting coverage on PKD with a rating of “Buy” and setting a price target of $3.50. On October 6 analysts at DA Davidson began coverage of PKD by announcing an initial rating of “Buy” and price target of $3.50.
On August 31 the company was upgraded to “Buy” from “” in a report from Edward Jones. Nomura released its first research report on the stock with an initial rating of “Buy” and establishing a price target of $4.00.
On September 23 the stock rating was upgraded from “Neutral” to “Buy” with a current price target of $5.00 by Sidoti & Co.. Equity analyst Evercore ISI both upgraded the stock and raised the price target on August 18 boosting the price target from $4.00 to $5.50 and setting the rating at “Buy” which had previously been “”.