Latest Stocks: Parker Drilling Company (PKD) Position Increased by Teachers Advisors LLC

Latest Stocks: Parker Drilling Company (PKD) Position Increased by Teachers Advisors LLC

Teachers Advisors LLC increased its stake in Parker Drilling Company (NYSE:PKD) by 39.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,752 shares of the oil and gas company’s stock after buying an additional 104,046 shares during the period. Teachers Advisors LLC’s holdings in Parker Drilling Company were worth $951,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. GSB Wealth Management LLC bought a new stake in shares of Parker Drilling Company during the fourth quarter valued at $110,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Parker Drilling Company by 2.4% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 77,163 shares of the oil and gas company’s stock valued at $201,000 after buying an additional 1,824 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Parker Drilling Company by 1,197.0% in the fourth quarter. Two Sigma Investments LP now owns 327,089 shares of the oil and gas company’s stock valued at $850,000 after buying an additional 301,871 shares during the last quarter. First Heartland Consultants Inc. increased its stake in shares of Parker Drilling Company by 26.5% in the third quarter. First Heartland Consultants Inc. now owns 380,000 shares of the oil and gas company’s stock valued at $825,000 after buying an additional 79,500 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Parker Drilling Company by 35.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,293,300 shares of the oil and gas company’s stock valued at $3,363,000 after buying an additional 339,900 shares during the last quarter. 64.07% of the stock is owned by institutional investors.

Parker Drilling Company (NYSE:PKD) opened at 1.35 on Tuesday. The company has a 50-day moving average price of $1.53 and a 200-day moving average price of $2.04. The stock’s market cap is $175.69 million. Parker Drilling Company has a one year low of $1.35 and a one year high of $2.90.

Parker Drilling Company (NYSE:PKD) last released its earnings results on Tuesday, May 2nd. The oil and gas company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.03. Parker Drilling Company had a negative return on equity of 28.44% and a negative net margin of 45.16%. The business had revenue of $98.27 million for the quarter, compared to the consensus estimate of $103.70 million. On average, analysts anticipate that Parker Drilling Company will post ($0.96) earnings per share for the current year.

Several equities research analysts have recently weighed in on the company. ValuEngine downgraded Parker Drilling Company from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research downgraded Parker Drilling Company from a “hold” rating to a “sell” rating in a report on Thursday, June 1st. Macquarie raised Parker Drilling Company from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 9th. Finally, Tudor Pickering raised Parker Drilling Company from a “hold” rating to a “buy” rating in a report on Monday, April 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Parker Drilling Company has a consensus rating of “Hold” and a consensus price target of $2.95. Parker Drilling Company Company Profile

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