Brokerage Firm Rating Update on Parker Drilling Company (PKD)

Parker Drilling Company (PKD) : 2 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 3 Wall Street Analysts endorse the stock as a Sell with a rating of 3.67.


Company shares have received an average consensus rating of Hold for the current week Also, In a research note released to the investors, Edward Jones upgrades its rating on Parker Drilling Company (NYSE:PKD).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on August 31, 2016.

Parker Drilling Company (NYSE:PKD): stock was range-bound between the intraday low of $2.24 and the intraday high of $2.36 after having opened at $2.29 on Wednesdays session. The stock finally closed in the red at $2.29, a loss of -0.87%. The stock remained in the red for the whole trading day. The total traded volume was 513,826 shares. The stock failed to cross $2.36 in Wednesdays trading. The stocks closing price on Thursday was $2.3.

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.

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