Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas. This business line also provides project related services, such as engineering, procurement, project management, and commissioning of customer-owned drilling facility projects; drill wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas. The Rental Tools Services business line offers rental equipment, such as standard and heavy-weight drill pipes, tubing, drill collars, and others; pressure control equipment, including blow-out preventers; well construction services, such as tubular running services and downhole tools; well intervention services comprising whipstock, fishing products, and related services; and inspection and machine shop support services for exploration and production companies, drilling contractors, and service companies on land and offshore. The company serves independent and national oil and natural gas exploration and production companies, and integrated service providers in the United States, Russia and other Commonwealth of Independent States countries, Europe, the Middle East, Africa, Asia, Latin America, and other countries. Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:PKD
CUSIP70108110
Phone281-406-2000
Debt
Debt-to-Equity Ratio2.40
Current Ratio2.75
Quick Ratio2.45
Price-To-Earnings
Trailing P/E Ratio-0.25
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$442.52 million
Price / Sales0.07
Cash Flow$1.0426 per share
Price / Cash3.05
Book Value$31.91 per share
Price / Book0.10
Profitability
EPS (Most Recent Fiscal Year)($12.59)
Net Income$-118,700,000.00
Net Margins-21.75%
Return on Equity-33.04%
Return on Assets-9.39%
Miscellaneous
Employees2,266
Outstanding Shares9,320,000
Market Cap$34.48 million
Parker Drilling (NYSE:PKD) Frequently Asked Questions
What is Parker Drilling's stock symbol?
Parker Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKD."
When did Parker Drilling's stock split? How did Parker Drilling's stock split work?
Shares of Parker Drilling reverse split on the morning of Friday, July 27th 2018. The 1-15 reverse split was announced on Thursday, July 12th 2018. The number of shares owned by shareholders was adjusted after the closing bell on Thursday, July 26th 2018. An investor that had 100 shares of Parker Drilling stock prior to the reverse split would have 7 shares after the split.
How were Parker Drilling's earnings last quarter?
Parker Drilling (NYSE:PKD) posted its earnings results on Wednesday, August, 1st. The oil and gas company reported ($2.56) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.19) by $2.37. The oil and gas company earned $118.60 million during the quarter. Parker Drilling had a negative return on equity of 33.04% and a negative net margin of 21.75%. View Parker Drilling's Earnings History.
When is Parker Drilling's next earnings date?
Are investors shorting Parker Drilling?
Parker Drilling saw a drop in short interest during the month of July. As of July 31st, there was short interest totalling 612,601 shares, a drop of 92.2% from the July 13th total of 7,895,397 shares. Based on an average daily trading volume, of 178,672 shares, the days-to-cover ratio is presently 3.4 days. Approximately 6.8% of the shares of the company are short sold. View Parker Drilling's Current Options Chain.
Who are some of Parker Drilling's key competitors?
Who are Parker Drilling's key executives?
Parker Drilling's management team includes the folowing people:
- Mr. Gary G. Rich, Chairman, Pres & CEO (Age 59)
- Mr. Michael W. Sumruld, Sr. VP & CFO (Age 47)
- Mr. Jon-Al Duplantier, Pres of Rental Tools and Well Services (Age 51)
- Mr. Bryan Ray Collins, Pres of Drilling Operations (Age 51)
- Mr. Nathaniel C. Dockray, Chief Accounting Officer and Director of Tax & Financial Planning & Analysis (Age 38)
Has Parker Drilling been receiving favorable news coverage?
Headlines about PKD stock have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Parker Drilling earned a news impact score of 0.11 on Accern's scale. They also assigned media coverage about the oil and gas company an impact score of 46.87 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days. View Recent Headlines for Parker Drilling.
Who are Parker Drilling's major shareholders?
Parker Drilling's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Saba Capital Management L.P. (175.04%), Dimensional Fund Advisors LP (95.53%), Donald Smith & CO. Inc. (44.42%), FMR LLC (44.08%), BlueMountain Capital Management LLC (30.72%) and Renaissance Technologies LLC (28.73%). Company insiders that own Parker Drilling stock include Gary G Rich, Leslie K Nagy, Peter Thomas Fontana, Philip L Agnew, Rudolph R Reinfrank and Saba Capital Management, LP. View Institutional Ownership Trends for Parker Drilling.
Which institutional investors are selling Parker Drilling stock?
PKD stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, FMR LLC, Schwab Charles Investment Management Inc., Donald Smith & CO. Inc. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Parker Drilling.
Which institutional investors are buying Parker Drilling stock?
PKD stock was bought by a variety of institutional investors in the last quarter, including Saba Capital Management L.P., BlueMountain Capital Management LLC, Millennium Management LLC, Paloma Partners Management Co, LMR Partners LLP, Renaissance Technologies LLC and Cubist Systematic Strategies LLC. Company insiders that have bought Parker Drilling stock in the last two years include Gary G Rich, Peter Thomas Fontana and Saba Capital Management, LP. View Insider Buying and Selling for Parker Drilling.
How do I buy shares of Parker Drilling?
Shares of PKD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Parker Drilling's stock price today?
One share of PKD stock can currently be purchased for approximately $3.18.
How big of a company is Parker Drilling?
Parker Drilling has a market capitalization of $34.48 million and generates $442.52 million in revenue each year. The oil and gas company earns $-118,700,000.00 in net income (profit) each year or ($12.59) on an earnings per share basis. Parker Drilling employs 2,266 workers across the globe.
How can I contact Parker Drilling?
Parker Drilling's mailing address is 5 GREENWAY PLAZA SUITE 100, HOUSTON TX, 77046. The oil and gas company can be reached via phone at 281-406-2000 or via email at [email protected]
MarketBeat Community Rating for Parker Drilling (NYSE PKD)
MarketBeat's community ratings are surveys of what our community members think about Parker Drilling and other stocks. Vote "Outperform" if you believe PKD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PKD will underperform the S&P 500 over the long term. You may vote once every thirty days.
