Parker Drilling Company (NYSE:PKD) shares traded 16.14% up during most recent session to reach at the closing price of $0.46. The stock exchanged hands 5.3 Million shares versus average trading capacity of 1.51 Million shares, yielding a market cap of $64.4 Million. Wall Street analysts covering the stock are projecting that the stock will reach $0.97 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 $1.1 and with a conservative view have low price target of $0.8.
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 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 61.12 along with Average True Range (ATR 14) of 0.04, Consequently Parker Drilling Company (NYSE:PKD)’s weekly and monthly volatility is 12.30%, 11.64% respectively. The company’s beta value is at 1.67.
In terms of Buy, Sell or Hold recommendations, Parker Drilling Company (NYSE:PKD) has analysts’ mean recommendation of 2.4. 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 $-0.24 and can go high up to $-0.2. The consensus mean EPS for the current quarter is at $-0.21 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.23 earnings per share for the same quarter during last year.
Previously Parker Drilling Company (NYSE:PKD) reported $-0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.23 by $0.02. The company posted an earnings surprise of 8.7%.
Parker Drilling Company (NYSE:PKD)’s revenue estimates for the current quarter are $115.55 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $116.5 Million in contradiction of low revenue estimates of $114.6 Million. For the current year the company’s revenue estimates are $468.37 Million compared to low analyst estimates of $467.8 Million and high estimates of $468.95 Million according to 2 number of analysts.
Currently Parker Drilling Company (NYSE:PKD)’s shares owned by insiders are 3.2%, whereas shares owned by institutional owners are 71.6%. However the six-month change in the insider ownership was recorded 62.22%, as well as three-month change in the institutional ownership was recorded 5.96%.
Parker Drilling Company (NYSE:PKD)’s trailing twelve month revenues are $453.9 Million, whereas its price to sales ratio for the same period is 0.14. Its book value per share for the most recent quarter is $1.92 while its price to book ratio for the same period is 0.24, as for as the company’s cash per share for the most recent quarter is $0.85, however its price to cash per share ratio for the same period is 0.54. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.