About Parker Drilling Company (NYSE:PKD)
Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools and services. The Company's business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes U.S. Rental Tools and International Rental Tools segments, and its Drilling Services business includes its U.S. (Lower 48) Drilling, and International & Alaska Drilling segments. In its Drilling Services business, the Company drills oil and gas wells for customers in both the United States and international markets. In its Rental Tools Services business, the Company provides rental equipment and services to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets. As of December 31, 2016, the Company had operations in 20 countries.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling
- Sub-Industry: Oil & Gas Drilling
- Symbol: NYSE:PKD
- CUSIP: 70108110
- Web: www.parkerdrilling.com
Capitalization:- Market Cap: $138.23 million
- Outstanding Shares: 137,833,000
Average Prices:- 50 Day Moving Avg: $1.13
- 200 Day Moving Avg: $1.33
- 52 Week Range: $0.90 - $2.90
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -3.33
- P/E Growth: -0.0900
Sales & Book Value:- Annual Revenue: $399.09 million
- Price / Sales: 0.35
- Book Value: $2.49 per share
- Price / Book: 0.40
Profitability:- EBITDA: $29.23 million
- Net Margins: -41.31%
- Return on Equity: -43.64%
- Return on Assets: -13.96%
Debt:- Debt-to-Equity Ratio: 1.68%
- Current Ratio: 2.94%
- Quick Ratio: 2.62%
Misc:- Average Volume: 436,315 shs.
- Beta: 1.5
- Short Ratio: 11.36
Frequently Asked Questions for Parker Drilling Company (NYSE:PKD)
What is Parker Drilling Company's stock symbol?
Parker Drilling Company trades on the New York Stock Exchange (NYSE) under the ticker symbol "PKD."
How were Parker Drilling Company's earnings last quarter?
Parker Drilling Company (NYSE:PKD) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.27) by $0.04. The firm earned $109.60 million during the quarter, compared to analysts' expectations of $112.25 million. Parker Drilling Company had a negative net margin of 41.31% and a negative return on equity of 43.64%. The company's revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.32) EPS. View Parker Drilling Company's Earnings History.
When will Parker Drilling Company make its next earnings announcement?
Where is Parker Drilling Company's stock going? Where will Parker Drilling Company's stock price be in 2017?
4 brokers have issued 12-month target prices for Parker Drilling Company's shares. Their forecasts range from $4.00 to $4.00. On average, they anticipate Parker Drilling Company's share price to reach $4.00 in the next twelve months. View Analyst Ratings for Parker Drilling Company.
Who are some of Parker Drilling Company's key competitors?
Some companies that are related to Parker Drilling Company include KIMBELL ROYALTY (KRP), SilverBow Resources (SBOW), ROMACO RESOURCS (METC), Key Energy Services (KEG), Emerge Energy Services LP (EMES), Tesco Corporation (TESO), Blueknight Energy Partners L.P., L.L.C. (BKEP), Pacific Ethanol (PEIX), Approach Resources (AREX), Willbros Group (WG), Gastar Exploration (GST), CSI Compressco LP (CCLP), Gulf Island Fabrication (GIFI), Carbo Ceramics (CRR), CNX Coal Resources LP (CNXC), Southcross Energy Partners, L.P. (SXE), Hallador Energy Company (HNRG) and Pioneer Energy Services Corp. (PES).
Who are Parker Drilling Company's key executives?
Parker Drilling Company's management team includes the folowing people:
- Gary G. Rich, Chairman of the Board, President, Chief Executive Officer
- Michael W. Sumruld, Chief Financial Officer, Senior Vice President
- Jon-Al Duplantier, Senior Vice President, Chief Administrative Officer, General Counsel, Secretary
- Peter Thomas Fontana, Director
- Jonathan M. Clarkson, Independent Director
- George J. Donnelly, Independent Director
- Robert W. Goldman, Independent Director
- Gary Robert King, Independent Director
How do I buy Parker Drilling Company stock?
Shares of Parker Drilling Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Parker Drilling Company's stock price today?
One share of Parker Drilling Company stock can currently be purchased for approximately $1.00.
MarketBeat Community Rating for Parker Drilling Company (NYSE PKD)MarketBeat's community ratings are surveys of what our community members think about Parker Drilling Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Parker Drilling Company (NYSE:PKD) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.50) |
| Consensus Price Target: | $4.00 (300.00% upside) |
Consensus Price Target History for Parker Drilling Company (NYSE:PKD)
Analysts' Ratings History for Parker Drilling Company (NYSE:PKD)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/4/2017 | Seaport Global Securities | Reiterated Rating | Neutral | | High |  |
| 5/9/2017 | Macquarie | Upgrade | Underperform -> Neutral | | Medium | |
| 4/3/2017 | Tudor Pickering | Upgrade | Hold -> Buy | | Medium | |
| 11/7/2016 | Nomura | Reiterated Rating | Buy | $4.00 | N/A | |
| 10/5/2016 | DA Davidson | Initiated Coverage | Buy | $3.50 | N/A | |
| 8/31/2016 | Edward Jones | Upgrade | Hold -> Buy | | N/A | |
| 8/23/2016 | Evercore ISI | Reiterated Rating | Buy | $3.50 | N/A | |
| 1/21/2016 | Stephens | Lower Price Target | | $3.00 -> $1.50 | N/A | |
(Data available from 10/20/2015 forward)
Earnings History for Parker Drilling Company (NYSE:PKD)Earnings History by Quarter for Parker Drilling Company (NYSE PKD)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | | | | | | N/A | |
| 8/2/2017 | Q2 2017 | ($0.27) | ($0.23) | $112.25 million | $109.60 million | View | Listen | |
| 5/2/2017 | Q1 2017 | ($0.34) | ($0.31) | $103.70 million | $98.27 million | View | Listen | |
| 10/27/2016 | Q316 | ($0.42) | ($0.37) | $92.86 million | $97.19 million | View | N/A | |
| 8/2/2016 | Q216 | ($0.35) | ($0.32) | $105.80 million | $105.30 million | View | N/A | |
| 5/3/2016 | Q1 | ($0.21) | ($0.18) | $124.59 million | $143.90 million | View | N/A | |
| 11/3/2015 | Q315 | ($0.13) | ($0.10) | $167.56 million | $173.40 million | View | N/A | |
| 8/4/2015 | Q215 | ($0.12) | ($0.10) | $159.60 million | $185.94 million | View | N/A | |
| 5/5/2015 | Q115 | ($0.03) | $0.03 | $208.90 million | $204.08 million | View | N/A | |
| 2/18/2015 | Q414 | $0.03 | $0.06 | $229.58 million | $243.21 million | View | N/A | |
| 11/6/2014 | Q314 | $0.11 | $0.10 | $251.67 million | $242.00 million | View | N/A | |
| 8/6/2014 | Q2 | $0.10 | $0.12 | $245.59 million | $254.20 million | View | N/A | |
| 5/8/2014 | Q114 | $0.03 | $0.04 | $226.70 million | $229.30 million | View | N/A | |
| 2/26/2014 | Q413 | $0.11 | $0.10 | $243.83 million | $243.32 million | View | N/A | |
| 11/6/2013 | Q313 | $0.09 | $0.12 | $233.25 million | $237.80 million | View | N/A | |
| 8/1/2013 | Q2 2013 | $0.07 | $0.14 | $234.60 million | $226.00 million | View | N/A | |
| 5/1/2013 | Q1 2013 | $0.01 | $0.03 | $166.10 million | $167.16 million | View | N/A | |
| 2/21/2013 | Q4 2012 | $0.05 | ($0.03) | $155.35 million | $157.19 million | View | N/A | |
| 11/1/2012 | Q312 | $0.10 | $0.10 | $168.65 million | $165.30 million | View | N/A | |
| 8/2/2012 | | $0.19 | $0.18 | | | View | N/A | |
| 5/2/2012 | | $0.17 | $0.22 | | | View | N/A | |
| 2/23/2012 | | $0.17 | $0.17 | | | View | N/A | |
| 11/3/2011 | | $0.13 | $0.18 | | | View | N/A | |
| 8/4/2011 | | $0.08 | $0.14 | | | View | N/A | |
| 5/4/2011 | | $0.06 | $0.05 | | | View | N/A | |
| 2/23/2011 | | $0.05 | $0.01 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Parker Drilling Company (NYSE:PKD)2017 EPS Consensus Estimate: ($0.87)
2018 EPS Consensus Estimate: ($0.36)
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | ($0.33) | ($0.23) | ($0.28) |
| Q2 2017 | 2 | ($0.26) | ($0.21) | ($0.24) |
| Q3 2017 | 2 | ($0.21) | ($0.17) | ($0.19) |
| Q4 2017 | 2 | ($0.17) | ($0.15) | ($0.16) |
| Q1 2018 | 1 | ($0.14) | ($0.14) | ($0.14) |
| Q2 2018 | 1 | ($0.09) | ($0.09) | ($0.09) |
| Q3 2018 | 1 | ($0.07) | ($0.07) | ($0.07) |
| Q4 2018 | 1 | ($0.06) | ($0.06) | ($0.06) |
| Q1 2019 | 1 | ($0.04) | ($0.04) | ($0.04) |
(Data provided by Zacks Investment Research)
Dividend History for Parker Drilling Company (NYSE:PKD)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Parker Drilling Company (NYSE:PKD)Insider Ownership Percentage: 3.55%
Institutional Ownership Percentage: 65.50%
Insider Trades by Quarter for Parker Drilling Company (NYSE:PKD)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 2/24/2017 | Peter Thomas Fontana | Director | Buy | 160,000 | $1.90 | $304,000.00 | |
| 12/12/2016 | Philip L Agnew | VP | Sell | 18,387 | $2.80 | $51,483.60 | |
| 12/8/2016 | Rudolph R Reinfrank | Director | Sell | 40,000 | $2.43 | $97,200.00 | |
| 12/6/2016 | Leslie K Nagy | Insider | Sell | 2,000 | $2.37 | $4,740.00 | |
| 9/1/2016 | Gary G Rich | Chairman | Buy | 80,000 | $2.18 | $174,400.00 | |
| 6/3/2016 | Gary R King | Director | Sell | 6,400 | $2.20 | $14,080.00 | |
| 5/20/2016 | Jon-Al Duplantier | CAO | Sell | 10,000 | $2.17 | $21,700.00 | |
| 4/1/2016 | Jon-Al Duplantier | CAO | Sell | 15,000 | $2.03 | $30,450.00 | |
| 3/14/2016 | Jon-Al Duplantier | CAO | Sell | 6,500 | $1.92 | $12,480.00 | |
| 2/24/2016 | Gary G Rich | CEO | Buy | 40,000 | $1.28 | $51,200.00 | |
| 12/14/2015 | Leslie K Nagy | Insider | Sell | 2,071 | $2.15 | $4,452.65 | |
| 11/16/2015 | Leslie K Nagy | Insider | Sell | 2,000 | $2.65 | $5,300.00 | |
| 11/6/2015 | Jon-Al Duplantier | CAO | Sell | 20,000 | $2.85 | $57,000.00 | |
| 8/18/2015 | Jon-Al Duplantier | CAO | Sell | 20,000 | $2.82 | $56,400.00 | |
| 12/1/2014 | Roger B Plank | Director | Buy | 10,000 | $3.28 | $32,800.00 | |
| 11/19/2014 | Roger B Plank | Director | Buy | 10,000 | $3.90 | $39,000.00 | |
| 11/13/2014 | Gary G Rich | CEO | Buy | 26,000 | $3.94 | $102,440.00 | |
| 11/8/2013 | Rudolph Reinfrank | Director | Sell | 25,000 | $8.27 | $206,750.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Parker Drilling Company (NYSE:PKD)
Latest Headlines for Parker Drilling Company (NYSE:PKD)
| Source: |
|
| Date | Headline |
|---|
 | Critical Contrast: Patterson-UTI Energy (PTEN) and Parker Drilling (PKD)
www.americanbankingnews.com - October 18 at 8:18 PM |
| Parker Drilling Company (PKD) Set to Announce Quarterly Earnings on Wednesday
www.americanbankingnews.com - October 18 at 5:16 AM |
 | Contra Guys: While tempting on the surface, Parker Drilling’s risks outweigh the possible rewards
www.theglobeandmail.com - October 17 at 9:06 PM |
 | ETFs with exposure to Parker Drilling Co. : October 16, 2017
finance.yahoo.com - October 17 at 6:19 AM |
| Parker Drilling Company (PKD) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - October 8 at 1:16 PM |
 | Parker Drilling (PKD) Presents At Deutsche Bank's 25th Annual Leveraged Finance Conference - Slideshow
seekingalpha.com - October 5 at 9:25 PM |
| ETFs with exposure to Parker Drilling Co. : October 5, 2017
finance.yahoo.com - October 5 at 4:24 PM |
 | Energy Sector Update for 09/27/2017: BW,PKD,YUMA - Nasdaq
www.nasdaq.com - September 27 at 11:02 PM |
 | How These Oil & Gas Stocks are Performing? -- Parker Drilling, Precision Drilling, RPC Inc., and TechnipFMC - PR Newswire (press release)
www.prnewswire.com - September 27 at 11:02 PM |
 | Parker Drilling (PKD) Names CFO - StreetInsider.com
www.streetinsider.com - September 27 at 11:02 PM |
| Parker Drilling (PKD) Presents At Johnson Rice & Company 2017 Energy Conference - Slideshow
seekingalpha.com - September 27 at 6:00 PM |
 | BRIEF-Parker Drilling announces appointment of chief financial officer
www.reuters.com - September 25 at 11:43 AM |
| Parker Drilling (PKD) Presents At Barclays CEO Energy-Power Conference - Slideshow
seekingalpha.com - September 25 at 11:43 AM |
| ETFs with exposure to Parker Drilling Co. : September 25, 2017
finance.yahoo.com - September 25 at 11:43 AM |
| Parker Drilling (PKD) versus The Competition Head-To-Head Review
www.americanbankingnews.com - September 24 at 12:20 AM |
| Analyzing Parker Drilling (PKD) and Its Rivals
www.americanbankingnews.com - September 20 at 12:16 AM |
| Parker Drilling (PKD) vs. The Competition Head-To-Head Contrast
www.americanbankingnews.com - September 14 at 10:22 PM |
| Parker Drilling (PKD) and Its Peers Head-To-Head Analysis
www.americanbankingnews.com - September 14 at 10:22 PM |
| ETFs with exposure to Parker Drilling Co. : September 13, 2017
finance.yahoo.com - September 14 at 9:15 AM |
| Parker Drilling (PKD) vs. Its Peers Financial Review
www.americanbankingnews.com - September 14 at 12:26 AM |
| Parker Drilling Company (PKD) Given Average Rating of "Hold" by Analysts
www.americanbankingnews.com - September 13 at 3:16 PM |
| Parker Drilling Co. :PKD-US: Earnings Analysis: Q2, 2017 By the Numbers : September 11, 2017
finance.yahoo.com - September 12 at 8:38 AM |
| Parker Drilling (PKD) & its Peers Critical Survey
www.americanbankingnews.com - September 11 at 10:40 AM |
| Analyzing Atwood Oceanics (ATW) and Parker Drilling (PKD)
www.americanbankingnews.com - September 3 at 12:16 AM |
| Reviewing Pacific Drilling (PACD) & Parker Drilling (PKD)
www.americanbankingnews.com - August 24 at 1:18 PM |
| Parker Drilling Announces Director Retirement
www.prnewswire.com - August 22 at 5:35 AM |
| Parker Drilling Company (PKD) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - August 19 at 1:14 PM |
| Comparing Parker Drilling (PKD) and Rowan Companies PLC (RDC)
www.americanbankingnews.com - August 17 at 12:14 AM |
| Parker Drilling's (PKD) CEO Gary Rich on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - August 9 at 6:26 AM |
| Seaport Global Securities Reaffirms "Neutral" Rating for Parker Drilling Company (NYSE:PKD)
www.americanbankingnews.com - August 8 at 7:00 AM |
| Edited Transcript of PKD earnings conference call or presentation 3-Aug-17 3:00pm GMT
finance.yahoo.com - August 4 at 7:03 AM |
| Parker Drilling Announces September 2017 Mandatory Convertible Preferred Stock Dividend
finance.yahoo.com - August 4 at 7:03 AM |
| Parker Drilling Reports 2017 Second Quarter Results
finance.yahoo.com - August 3 at 6:55 AM |
| Parker Drilling Reports 2017 Second Quarter Results
finance.yahoo.com - August 3 at 6:55 AM |
| Parker Drilling reports 2Q loss
finance.yahoo.com - August 3 at 6:55 AM |
| Parker Drilling reports 2Q loss
finance.yahoo.com - August 3 at 6:55 AM |
| Parker Drilling Company (PKD) Issues Earnings Results
www.americanbankingnews.com - August 3 at 12:26 AM |
| Reviewing Parker Drilling (NYSE:PKD) and Transocean Partners (RIGP)
www.americanbankingnews.com - August 1 at 2:08 PM |
| Parker Drilling Company (NYSE:PKD) to Release Earnings on Wednesday
www.americanbankingnews.com - July 27 at 2:39 PM |
| Parker Drilling Company (PKD) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - July 25 at 12:52 PM |
 | Parker Drilling Announces Second Quarter 2017 Earnings Release and Conference Call Schedule
www.bizjournals.com - July 21 at 6:11 AM |
| BRIEF-Parker Drilling files for mixed shelf offering of up to $1 bln - SEC Filing
www.reuters.com - July 12 at 6:58 AM |
| Are Airlines The New Banks?
seekingalpha.com - July 9 at 3:30 PM |
| ETFs with exposure to Parker Drilling Co. : July 7, 2017
finance.yahoo.com - July 8 at 1:36 PM |
| Halliburton hires Parker Drilling CFO Christopher Weber to replace ... - Houston Business Journal
www.bizjournals.com - June 14 at 12:23 AM |
| Halliburton names Parker Drilling's Weber as its new CFO
seekingalpha.com - June 13 at 7:22 PM |
| BRIEF-Parker Drilling announces departure of CFO
www.reuters.com - June 13 at 7:22 PM |
 | Halliburton Appoints Parker Drilling's Weber as CFO - TheStreet.com
www.thestreet.com - June 13 at 10:26 AM |
| Parker Drilling (PKD) Chief Financial Officer Christoper Weber Departing June 21 for EVP & CFO Post at Haliburton ... - StreetInsider.com
www.streetinsider.com - June 12 at 6:52 PM |
| Technical Insights on Oil and Gas Stocks -- Parker Drilling, MRC Global, Newpark Resources, and Oil States Intl.
www.prnewswire.com - June 5 at 8:17 AM |
Parker Drilling Company (PKD) Chart for Friday, October, 20, 2017
