Parker Drilling (PKD) Set to Announce Quarterly Earnings on Tuesday

Parker Drilling (NYSE:PKD) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Parker Drilling to post earnings of ($0.55) per share for the quarter.

Shares of Parker Drilling stock opened at $19.36 on Friday. Parker Drilling has a twelve month low of $14.57 and a twelve month high of $21.50.

Separately, Imperial Capital began coverage on shares of Parker Drilling in a research report on Monday, April 8th. They issued an “outperform” rating and a $20.00 price target on the stock.

In other Parker Drilling news, major shareholder Highbridge Capital Management sold 48,251 shares of the business’s stock in a transaction dated 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 can be accessed through the SEC website. Also, major shareholder Whitebox Advisors Llc sold 116,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were 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. 3.26% of the stock is owned by insiders.

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Parker Drilling 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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Earnings History for Parker Drilling (NYSE:PKD)

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