A Technical Look At 2 Stocks: Eldorado Gold Corporation (EGO), Parker Drilling Company (PKD)

Eldorado Gold Corporation (NYSE:EGO) recorded a trading volume of 9.03 million shares, below its 90-day volume average of 11.96 million shares. The stock kicked off the session at $0.985 and later approached $0.99 with a change of 1.25%.

Eldorado Gold Corporation (EGO) Analyst Opinion

Eldorado Gold Corporation has a consensus hold rating from 16 Wall Street analysts, and the number of shares currently sold short amount to at least 4.11% of shares outstanding. The stock sank -6.6% last month and is down -30.77 this year. Wall Street is only getting neutral on the stock, with 3 of analysts who cover EGO having a buy-equivalent rating. Analysts have placed a $1.98 price target on Eldorado Gold Corporation, suggesting a 100% gain from recent close. It’s currently trading about -73.67% below its 52-week high.

Eldorado Gold Corporation Earnings Surprise

Eldorado Gold Corporation (EGO) failed to surprise the stock market in its last reported earnings when it earned 0 a piece versus the consensus-estimated 0. Its revenue totaled $111.29 million up 16.72% from the previous quarter.

Eldorado Gold Corporation (NYSE:EGO) Intraday View

This stock (EGO) is ahead of its 52-week low with 23.44%. Its last month’s stock price volatility remained 4.68% which for the week stands at 6.07%. The share price has moved forward from its 20 days moving average, trading at a distance of 6.01% and stays -5.28% away from its 50 days moving average. Over the last five days, shares have faced -1.98% losses and now is down -37.44% since hitting its 200-day moving average of $1.33. Eldorado Gold Corporation (EGO) has made its way to a 12-month decline of -73.39%.

Turning to Parker Drilling Company (NYSE:PKD), its shares were trading at $0.6 a gain of $0.01, on the trading floor. The stock, after opening at $0.6, touched a high of $0.6084 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.4. Parker Drilling Company has 1 buy ratings, 3 holds and 0 sells even after the stock tumbled -64.88% from its high of $1.70 to a $84.35 million market value through last close.

Parker Drilling Company (PKD) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.4 to 2.4 during a month. Analysts set a 12-month price target of $1.1 a share. The target implies a 83.33% spike from where the shares are currently trading. Also, the current price highlights a discount of 100% to analysts’ high consensus price target.

Parker Drilling Company (NYSE:PKD) Intraday Trading

The counter witnessed a trading volume of 1.12 million shares versus an average volume of 0.92 million shares during last trading session. Its last month’s stock price volatility remained 6.12% which for the week approaches 7.52%. The lowest price the stock reached in the last trading day was $0.57 and compares with the $0.49 52-week low. The stock recovered 21.84% since its low point and has performed -40.3% year-to-date.

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