Standpoint Research Cuts Parker Drilling (PKD) to Hold

November 30, 2011 3:33 PM EST
Get Alerts PKD Hot Sheet
Price: $14.66 --0%

Rating Summary:
    7 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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Standpoint Research downgraded Parker Drilling (NYSE: PKD) from Buy to Hold.

The firm notes shares of Parker are up a very nice 24 percent in a down market since Standpoint's last recommendation to Buy on June 15th. The Standpoint analyst also cited crude oil prices which are now over $100 per barrel.

For an analyst ratings summary and ratings history on Parker Drilling click here. For more ratings news on Parker Drilling click here.


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