PARKER DRILLING/SH PAR $ (NYSE:PKD) – Imperial Capital raised their Q4 2019 earnings estimates for shares of PARKER DRILLING/SH PAR $ in a report issued on Thursday, May 23rd. Imperial Capital analyst J. Wangler now anticipates that the oil and gas company will earn $0.60 per share for the quarter, up from their prior forecast of $0.54. Imperial Capital has a “Outperform” rating and a $34.00 price objective on the stock.

Shares of PARKER DRILLING/SH PAR $ stock opened at $19.37 on Friday. PARKER DRILLING/SH PAR $ has a 1-year low of $14.57 and a 1-year high of $24.09. The company has a current ratio of 2.53, a quick ratio of 2.40 and a debt-to-equity ratio of 0.61.

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

About PARKER DRILLING/SH PAR $

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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