Two Sigma Investments LP boosted its position in Parker Drilling Company (NYSE:PKD) by 1,197.0% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 327,089 shares of the company’s stock after buying an additional 301,871 shares during the period. Two Sigma Investments LP’s holdings in Parker Drilling Company were worth $850,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of PKD. FMR LLC boosted its stake in shares of Parker Drilling Company by 1,347.3% in the fourth quarter. FMR LLC now owns 3,132,110 shares of the company’s stock worth $8,143,000 after buying an additional 2,915,700 shares during the last quarter. Towle & Co. boosted its stake in shares of Parker Drilling Company by 13.8% in the third quarter. Towle & Co. now owns 8,351,019 shares of the company’s stock worth $18,122,000 after buying an additional 1,010,650 shares during the last quarter. Renaissance Technologies LLC boosted 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 company’s stock worth $3,363,000 after buying an additional 339,900 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Parker Drilling Company by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 2,379,683 shares of the company’s stock worth $5,164,000 after buying an additional 182,181 shares during the last quarter. Finally, First Heartland Consultants Inc. boosted 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 company’s stock worth $825,000 after buying an additional 79,500 shares during the last quarter. Institutional investors and hedge funds own 64.07% of the company’s stock.
Parker Drilling Company (NYSE:PKD) opened at 1.55 on Tuesday. The company’s 50-day moving average is $1.92 and its 200-day moving average is $2.24. The company’s market cap is $193.49 million. Parker Drilling Company has a 12 month low of $1.35 and a 12 month high of $3.16.
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A number of analysts have recently weighed in on PKD shares. Zacks Investment Research cut shares of Parker Drilling Company from a “buy” rating to a “hold” rating in a research note on Wednesday, February 1st. Tudor Pickering started coverage on shares of Parker Drilling Company in a research note on Thursday, March 23rd. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $2.95.
In other Parker Drilling Company news, Director Peter Thomas Fontana purchased 160,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was bought at an average cost of $1.90 per share, with a total value of $304,000.00. Following the purchase, the director now directly owns 168,021 shares of the company’s stock, valued at $319,239.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 3.68% of the stock is currently owned by corporate insiders.
Parker Drilling Company Company Profile
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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