According to Zacks, “Parker Drilling Company provides drilling services and rental tools to the energy industry. The Company’s Drilling Services business serves operators through the use of Parker-owned and customer-owned rig fleets, specializing in remote and harsh environment regions. Its Rental Tools Services business supplies premium equipment and well services to operators on land and offshore markets. Parker Drilling Company is based in Houston, United States. “
Separately, Imperial Capital increased their target price on shares of PARKER DRILLING/SH PAR $ from $25.00 to $34.00 and gave the stock an outperform rating in a report on Thursday, May 23rd.
PARKER DRILLING/SH PAR $ (NYSE:PKD) last announced its earnings results on Monday, August 5th. The oil and gas company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.24). The company had revenue of $156.03 million for the quarter, compared to analyst estimates of $157.62 million. Equities research analysts anticipate that PARKER DRILLING/SH PAR $ will post -9.13 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in PKD. JPMorgan Chase & Co. bought a new stake in PARKER DRILLING/SH PAR $ during the second quarter worth $49,000. Tower Research Capital LLC TRC bought a new stake in PARKER DRILLING/SH PAR $ during the second quarter worth $69,000. Wells Fargo & Company MN bought a new stake in PARKER DRILLING/SH PAR $ during the second quarter worth $244,000. Nomura Asset Management Co. Ltd. bought a new stake in PARKER DRILLING/SH PAR $ during the second quarter worth $288,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in PARKER DRILLING/SH PAR $ during the second quarter worth $394,000. Institutional investors and hedge funds own 5.04% 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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