Parker Drilling Forecasted to Post Q1 2019 Earnings of ($0.55) Per Share (NYSE:PKD)

Parker Drilling (NYSE:PKD) – Equities researchers at Imperial Capital issued their Q1 2019 earnings estimates for Parker Drilling in a research report issued on Monday, April 8th, according to Zacks Investment Research. Imperial Capital analyst J. Wangler expects that the oil and gas company will post earnings per share of ($0.55) for the quarter. Imperial Capital currently has a “Outperform” rating and a $20.00 price objective on the stock. Imperial Capital also issued estimates for Parker Drilling’s Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.41 EPS, FY2019 earnings at $0.54 EPS and FY2020 earnings at $2.44 EPS.

Parker Drilling stock traded up $0.60 during mid-day trading on Wednesday, reaching $19.36. 9,233 shares of the company traded hands, compared to its average volume of 51,710. Parker Drilling has a fifty-two week low of $14.57 and a fifty-two week high of $21.50.

In other news, major shareholder Highbridge Capital Management sold 48,251 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $16.06, for a total value of $774,911.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Whitebox Advisors Llc sold 116,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $18.24, for a total transaction of $2,115,840.00. The disclosure for this sale can be found here. Corporate insiders own 3.26% of the company’s stock.

About Parker Drilling

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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