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Parker Drilling Company (PKD) [hlAlert]

Rating:
Buy PKD
down 56.26 %

Parker Drilling Company (PKD) upgraded to Buy with price target $9 by Standpoint Research

Posted on: Tuesday,  Sep 2, 2014  10:25 AM ET by Standpoint Research

Standpoint Research rated Buy Parker Drilling Company (NYSE: PKD) on 09/02/2014, when the stock price was $6.54. Since
then, Parker Drilling Company has lost 56.27% as of 01/25/2016's recent price of $2.86.
If you would have followed this Standpoint Research's recommendation on PKD, you would have lost 56.26% of your investment in 510 days.

Parker Drilling Company is a provider of contract drilling and drilling-related services. During the year ended December 31, 2008, the Company?s revenues were derived from five segments: United States Drilling, International Drilling, including land drilling and inland barge drilling, Project Management and Engineering Services, Rental Tools, and Construction Contract services. The Company also provides services such as Front End Engineering and Design (FEED) and Engineering, Procurement, Construction and Installation (EPCI) services, and project management services (labor, maintenance, logistics, etc.) for operators who own their own drilling rigs.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/2/2014 10:25 AM Buy
None
6.54 9.00
as of 10/17/2014
1 Week up  8.98 %
1 Month down  -18.21 %
3 Months down  -31.34 %
1 YTD down  -31.34 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/6/2013 12:25 PM Hold
None
7.86
3/19/2012 10:25 AM Buy
None
6.48
11/30/2011 4:25 PM Hold
None
6.90
6/15/2011 3:25 PM Buy
None
5.69 7.25
3/30/2011 10:25 AM Hold
None
6.79
2/28/2011 10:25 AM Buy
None
5.59 7.25
6/1/2009 4:25 PM Hold
None
5.30
3/16/2009 8:25 AM Buy
None
1.59

(*) Stock Price at the time of the recommendation.
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