Parker Drilling Company (NYSE:PKD) shares traded 0% up during most recent session to reach at the closing price of $1.35. The stock exchanged hands 1.44 Million shares versus average trading capacity of 528.78 Million shares, yielding a market cap of $186.1 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2.7 within the next 52-weeks. The mean target projections are based on 3 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Parker Drilling Company (NYSE:PKD) high price target of $4 and with a conservative view have low price target of $1.1.

DA Davidson “Initiates Coverage on” Parker Drilling Company (NYSE:PKD) in a research note issued to investors on 10/06/16 to Buy with price target of $3.5.

Additionally on 8/31/16 Edward Jones “Upgrades” Parker Drilling Company (NYSE:PKD) to Buy setting price target at $ and on 4/07/16 Nomura “Initiates Coverage on” the stock to Buy at $4. Furthermore on 9/23/15 Sidoti & Co. “Upgrades” the stock to Buy at $5.

On the other hand the company has Relative Strength Index (RSI 14) of 48.01 along with Average True Range (ATR 14) of 0.08, Consequently Parker Drilling Company (NYSE:PKD)’s weekly and monthly volatility is 5.38%, 6.43% respectively. The company’s beta value is at 1.5.

In terms of Buy, Sell or Hold recommendations, Parker Drilling Company (NYSE:PKD) has analysts’ mean recommendation of 2.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Parker Drilling Company (NYSE:PKD)’s minimum EPS for the current quarter is at $-0.28 and can go high up to $-0.24. The consensus mean EPS for the current quarter is at $-0.26 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.32 earnings per share for the same quarter during last year.

Previously Parker Drilling Company (NYSE:PKD) reported $-0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.34 by $0.03. The company posted an earnings surprise of 8.8%.

While considering growth estimates of the company, it has next quarter growth estimates of 43.2% whereas during current quarter it has 18.8% estimations over growth, comparing to the estimations of 20.8% during current year and 73.7% for next year. Past 5 years growth of Parker Drilling Company (NYSE:PKD) observed at -31.39%, looking forward for the next 5 years it has a strong prediction of 12% over growth.

Parker Drilling Company (NYSE:PKD)’s revenue estimates for the current quarter are $111.15 Million according to 4 number of analysts, for the current quarter the company has high revenue estimates of $113.88 Million in contradiction of low revenue estimates of $108.1 Million. For the current year the company’s revenue estimates are $481.58 Million compared to low analyst estimates of $469.5 Million and high estimates of $496.31 Million according to 4 number of analysts.

Currently Parker Drilling Company (NYSE:PKD)’s shares owned by insiders are 3.5%, whereas shares owned by institutional owners are 66.9%. However the six-month change in the insider ownership was recorded 3.43%, as well as three-month change in the institutional ownership was recorded 14.54%.

Parker Drilling Company (NYSE:PKD) 52-week high price stands at $2.90 and low price stands at $1.15, its price distance from 52-week high is -53.45% while its distance from 52-week low price is 17.39%. The stock hit its 52-week high on 01/05/17, and 52-week low on 06/21/17.

Parker Drilling Company (NYSE:PKD)’s trailing twelve month revenues are $394.8 Million, whereas its price to sales ratio for the same period is 0.47. Its book value per share for the most recent quarter is $2.87 while its price to book ratio for the same period is 0.47, as for as the company’s cash per share for the most recent quarter is $1.09, however its price to cash per share ratio for the same period is 1.24. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.