Barclays PLC Sells 13,518 Shares of PARKER DRILLING/SH PAR $ (NYSE:PKD)

Barclays PLC lowered its holdings in PARKER DRILLING/SH PAR $ (NYSE:PKD) by 11.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,692 shares of the oil and gas company’s stock after selling 13,518 shares during the period. Barclays PLC owned about 0.71% of PARKER DRILLING/SH PAR $ worth $2,019,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PKD. State Street Corp raised its holdings in shares of PARKER DRILLING/SH PAR $ by 36.0% in the 3rd quarter. State Street Corp now owns 151,349 shares of the oil and gas company’s stock worth $2,864,000 after purchasing an additional 40,052 shares during the period. Barings LLC bought a new stake in shares of PARKER DRILLING/SH PAR $ in the second quarter valued at $14,716,000. Highbridge Capital Management LLC bought a new stake in shares of PARKER DRILLING/SH PAR $ in the second quarter valued at $29,205,000. Blackstone Group Inc purchased a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at $510,000. Finally, Brigade Capital Management LP purchased a new position in shares of PARKER DRILLING/SH PAR $ during the 2nd quarter valued at $66,626,000. Hedge funds and other institutional investors own 48.33% of the company’s stock.

Shares of PKD stock opened at $18.83 on Friday. The firm’s 50 day moving average is $19.09 and its 200 day moving average is $18.27. PARKER DRILLING/SH PAR $ has a 12 month low of $10.67 and a 12 month high of $24.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.60 and a current ratio of 2.80.

PARKER DRILLING/SH PAR $ (NYSE:PKD) last posted its quarterly earnings results on Tuesday, November 5th. The oil and gas company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.25. The company had revenue of $160.08 million during the quarter, compared to the consensus estimate of $150.20 million. On average, equities research analysts predict that PARKER DRILLING/SH PAR $ will post 0.8 earnings per share for the current year.

In other PARKER DRILLING/SH PAR $ news, major shareholder Brigade Capital Management, Lp sold 3,605 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $19.56, for a total value of $70,513.80. Insiders have sold a total of 92,212 shares of company stock worth $1,805,526 in the last three months. 0.23% of the stock is currently owned by insiders.

Several brokerages recently weighed in on PKD. Zacks Investment Research raised PARKER DRILLING/SH PAR $ from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, November 7th. Imperial Capital dropped their price objective on shares of PARKER DRILLING/SH PAR $ from $34.00 to $30.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th.

PARKER DRILLING/SH PAR $ 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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Institutional Ownership by Quarter for PARKER DRILLING/SH PAR $ (NYSE:PKD)

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