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 raised their price target on shares of PARKER DRILLING/SH PAR $ from $25.00 to $34.00 and gave the stock an outperform rating in a research report on Thursday, May 23rd.
PARKER DRILLING/SH PAR $ (NYSE:PKD) last posted its quarterly earnings results on Monday, August 5th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.24). The business had revenue of $156.03 million for the quarter, compared to the consensus estimate of $157.62 million. Research analysts forecast that PARKER DRILLING/SH PAR $ will post -9.13 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in PARKER DRILLING/SH PAR $ in the 2nd quarter worth $49,000. Tower Research Capital LLC TRC acquired a new stake in PARKER DRILLING/SH PAR $ in the 2nd quarter worth $69,000. Wells Fargo & Company MN acquired a new stake in PARKER DRILLING/SH PAR $ in the 2nd quarter worth $244,000. Nomura Asset Management Co. Ltd. acquired a new stake in PARKER DRILLING/SH PAR $ in the 2nd quarter worth $288,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in PARKER DRILLING/SH PAR $ in the 2nd quarter worth $394,000. Institutional investors own 0.08% of the company’s stock.
PARKER DRILLING/SH PAR $ Company Profile
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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