Parker Drilling Co. (PKD) in Focus: Stock Surges 13.8% – Tale of the Tape

Zacks

Parker Drilling Co. (PKD) was a big mover last session, as the company’s shares soared nearly 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 22.3% in the past one-month time frame.

None of the estimates for this oil & gas equipment & services industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Parker Drilling has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked basic materials stocks include Ocean Rig UDW Inc. (ORIG), Pioneer Energy Services Corp. (PES) and Helmerich & Payne, Inc. (HP). While Ocean Rig UDW and Pioneer Energy Services hold a Zacks Rank #1 (Strong Buy), Helmerich & Payne carries a Zacks Rank #2 (Buy).

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