Parker Drilling initiated with “market perform”

Analysts at Morgan Keegan initiate coverage of Parker Drilling Company (PKD.NYS) with a “market perform” rating.
In a research note published yesterday, the analysts mention that the company has exposure to the international land-rig market, with rollover opportunities during the near term. Parker Drilling’s Quail Tools business is creating sell-through opportunities and is bolstering the company’s [...]

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