Parker Drilling Company (PKD) Shares Bought by Voya Investment Management LLC
Voya Investment Management LLC boosted its holdings in Parker Drilling Company (NYSE:PKD) by 24.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,644 shares of the oil and gas company’s stock after purchasing an additional 15,655 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Parker Drilling worth $108,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Parker Drilling by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,488,051 shares of the oil and gas company’s stock valued at $18,354,000 after acquiring an additional 73,898 shares during the period. FMR LLC boosted its holdings in shares of Parker Drilling by 6.7% in the second quarter. FMR LLC now owns 7,630,993 shares of the oil and gas company’s stock valued at $10,302,000 after acquiring an additional 477,037 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Parker Drilling by 6.4% in the second quarter. Vanguard Group Inc. now owns 6,095,922 shares of the oil and gas company’s stock valued at $8,230,000 after acquiring an additional 368,943 shares during the period. Donald Smith & CO. Inc. boosted its holdings in shares of Parker Drilling by 3.7% in the second quarter. Donald Smith & CO. Inc. now owns 5,057,056 shares of the oil and gas company’s stock valued at $6,827,000 after acquiring an additional 178,754 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Parker Drilling by 10.3% in the second quarter. Northern Trust Corp now owns 2,378,934 shares of the oil and gas company’s stock valued at $3,211,000 after acquiring an additional 222,741 shares during the period. 62.78% of the stock is owned by hedge funds and other institutional investors.
Parker Drilling Company (PKD) traded down $0.03 during mid-day trading on Friday, hitting $1.07. The stock had a trading volume of 175,238 shares, compared to its average volume of 682,346. Parker Drilling Company has a 1-year low of $0.90 and a 1-year high of $2.90. The company has a debt-to-equity ratio of 1.78, a current ratio of 3.39 and a quick ratio of 3.02.
Parker Drilling (NYSE:PKD) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. The business had revenue of $118.31 million during the quarter, compared to the consensus estimate of $119.80 million. Parker Drilling had a negative return on equity of 38.07% and a negative net margin of 33.06%. The company’s revenue was up 21.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.37) earnings per share. sell-side analysts predict that Parker Drilling Company will post -0.88 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Seaport Global Securities reissued a “neutral” rating on shares of Parker Drilling in a report on Friday, August 4th. Zacks Investment Research downgraded Parker Drilling from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $1.25.
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About Parker Drilling
Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools and services. The Company’s business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes U.S. Rental Tools and International Rental Tools segments, and its Drilling Services business includes its U.S.
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