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Parker Drilling Company (PKD) Reaches $0.35 52 Week Low; Market Vectors ETF Trust Has 0.17 Sentiment

Market Vectors ETF Trust (PEK) investors sentiment decreased to 0.17 in Q1 2018. It’s down -4.83, from 5 in 2017Q4. The ratio worsened, as 1 hedge funds increased and opened new positions, while 6 reduced and sold holdings in Market Vectors ETF Trust. The hedge funds in our database now hold: 495,088 shares, down from 1.53 million shares in 2017Q4. Also, the number of hedge funds holding Market Vectors ETF Trust in top ten positions was flat from 1 to 1 for the same number . Sold All: 3 Reduced: 3 Increased: 1 New Position: 0.

The stock of Parker Drilling Company (NYSE:PKD) hit a new 52-week low and has $0.33 target or 6.00% below today’s $0.35 share price. The 6 months bearish chart indicates high risk for the $49.22M company. The 1-year low was reported on Jun, 14 by If the $0.33 price target is reached, the company will be worth $2.95M less. The stock decreased 4.31% or $0.0159 during the last trading session, reaching $0.3531. About 508,570 shares traded. Parker Drilling Company (NYSE:PKD) has declined 65.76% since June 14, 2017 and is downtrending. It has underperformed by 78.33% the S&P500. Some Historical PKD News: ; 01/05/2018 – Parker Drilling 1Q Loss $29.7M; 01/05/2018 – PARKER DRILLING 1Q REV. $109.7M, EST. $110.7M; 01/05/2018 – PARKER DRILLING REPORTS 2018 1Q RESULTS; 15/03/2018 – Parker Drilling Co Receives Continued Listing Standard Notice From NYSE; 01/05/2018 – PARKER DRILLING 1Q LOSS/SHR 21C; 15/03/2018 Parker Drilling Company Receives Continued Listing Standard Notice from NYSE; 22/04/2018 – DJ Parker Drilling Company, Inst Holders, 1Q 2018 (PKD); 01/05/2018 – Parker Drilling 1Q Rev $109.7M

Parker Drilling Company Inc., together with its subsidiaries, provides contract drilling and drilling-related services, and rental tools to the energy industry in the United States, Russia, Europe, the Middle East, Africa, Asia, Latin America, Canada, and Internationally. The company has market cap of $49.22 million. It operates through two business lines, Drilling Services and Rental Tools Services. It currently has negative earnings. The Drilling Services business provides project related services, such as engineering, procurement, project management, and commissioning of customer-owned drilling facility projects; drill wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas; 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.

Analysts await Parker Drilling Company (NYSE:PKD) to report earnings on August, 1. They expect $-0.20 EPS, up 13.04% or $0.03 from last year’s $-0.23 per share. After $-0.21 actual EPS reported by Parker Drilling Company for the previous quarter, Wall Street now forecasts -4.76% EPS growth.

Among 6 analysts covering Parker Drilling (NYSE:PKD), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. Parker Drilling has $5.50 highest and $1.50 lowest target. $3.50’s average target is 891.22% above currents $0.3531 stock price. Parker Drilling had 8 analyst reports since August 7, 2015 according to SRatingsIntel. Sidoti upgraded the shares of PKD in report on Wednesday, September 23 to “Buy” rating. The stock of Parker Drilling Company (NYSE:PKD) has “Sell” rating given on Friday, August 7 by TheStreet. DA Davidson initiated it with “Buy” rating and $3.50 target in Thursday, October 6 report. As per Wednesday, September 9, the company rating was downgraded by Tudor Pickering. The firm has “Hold” rating given on Friday, March 24 by Tudor Pickering. The firm has “Buy” rating given on Wednesday, August 31 by Edward Jones.

Investors sentiment decreased to 0.76 in 2018 Q1. Its down 0.06, from 0.82 in 2017Q4. It dropped, as 8 investors sold Parker Drilling Company shares while 34 reduced holdings. 11 funds opened positions while 21 raised stakes. 90.99 million shares or 2.54% more from 88.74 million shares in 2017Q4 were reported. Prudential Fincl has invested 0% in Parker Drilling Company (NYSE:PKD). Jpmorgan Chase & holds 0% of its portfolio in Parker Drilling Company (NYSE:PKD) for 2.19 million shares. Bridgeway Mgmt, a Texas-based fund reported 809,230 shares. 14,172 were accumulated by Balyasny Asset Mngmt Ltd. Ameritas Investment Prtn reported 10,148 shares. 17,162 were accumulated by Sg Americas Securities Llc. Pacific Global Inv Co has invested 0.02% of its portfolio in Parker Drilling Company (NYSE:PKD). Proshare Advisors Ltd holds 0% or 17,170 shares in its portfolio. Vanguard Grp Inc Inc reported 6.02M shares or 0% of all its holdings. Jefferies Grp Incorporated Ltd Llc invested 0% of its portfolio in Parker Drilling Company (NYSE:PKD). Price T Rowe Md reported 15,962 shares or 0% of all its holdings. Wilsey Asset Management invested in 4.19M shares or 1.43% of the stock. 195,773 were reported by D E Shaw. Utd Cap Advisers Ltd Liability Corporation stated it has 28,560 shares or 0% of all its holdings. Cubist Systematic Strategies Ltd Co has invested 0.01% of its portfolio in Parker Drilling Company (NYSE:PKD).

White Pine Investment Co holds 2.8% of its portfolio in VanEck Vectors ChinaAMC CSI 300 ETF for 261,158 shares. Cheviot Value Management Llc owns 124,492 shares or 1.42% of their US portfolio. Moreover, Bennicas & Associates Inc. has 0.28% invested in the company for 14,200 shares. The Virginia-based Courage Miller Partners Llc has invested 0.14% in the stock. Eqis Capital Management Inc., a California-based fund reported 83,081 shares.

Parker Drilling Company (NYSE:PKD) Institutional Positions Chart


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