Parker Drilling Company (PKD) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Parker Drilling Company (PKD). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 2 Wall Street Analysts endorse the stock as a Sell with a rating of 4.
Also, Major Brokerage house, Edward Jones upgrades its ratings on Parker Drilling Company (NYSE:PKD). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 31, 2016.
Parker Drilling Company (NYSE:PKD): The stock opened in the green at $2.2 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $2.24 and a low of $2.15 for the day. The stock did not find buyers even at the lows and closed at $2.16 recording a loss of -1.82%. 641,804 shares exchanged hands during the trading day. The stock had closed at $2.2 in the previous days trading.
Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools. The Company owns and operates drilling rigs and drilling-related equipment and also performs drilling-related services, referred to as Operations & Maintenance (O&M) work, for customer-owned drilling rigs on a contracted basis. The Companys rental tools business supplies equipment to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets. The Company has five operating segments: Rental Tools, U.S. Barge Drilling, U.S. Drilling, International Drilling and Technical Services. Parker Drilling operates in approximately 23 countries.