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
- Market Cap: $138.26 million
- Outstanding Shares: 137,833,000
- 50 Day Moving Avg: $1.12
- 200 Day Moving Avg: $1.32
- 52 Week Range: $0.91 - $2.90
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -3.27
- P/E Growth: -0.090
- Annual Revenue: $399.09 million
- Price / Sales: 0.34
- Book Value: $2.49 per share
- Price / Book: 0.39
- EBITDA: $29.23 million
- Net Margins: -41.31%
- Return on Equity: -43.64%
- Return on Assets: -13.96%
- Debt-to-Equity Ratio: 1.68%
- Current Ratio: 2.94%
- Quick Ratio: 2.62%
- Average Volume: 439,446 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) released its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.23) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.04. The firm earned $109.60 million during the quarter, compared to the consensus estimate of $112.25 million. Parker Drilling Company had a negative return on equity of 43.64% and a negative net margin of 41.31%. The business's revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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 equities research analysts have issued 1-year price objectives for Parker Drilling Company's stock. Their forecasts range from $4.00 to $4.00. On average, they expect Parker Drilling Company's stock 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 Flotek Industries (FTK), SilverBow Resources (SBOW), ROMACO RESOURCS (METC), Emerge Energy Services LP (EMES), Key Energy Services (KEG), Blueknight Energy Partners L.P., L.L.C. (BKEP), Tesco Corporation (TESO), Pacific Ethanol (PEIX), Willbros Group (WG), Approach Resources (AREX), Gastar Exploration (GST), Gulf Island Fabrication (GIFI), CNX Coal Resources LP (CNXC), Carbo Ceramics (CRR), Hallador Energy Company (HNRG), Southcross Energy Partners, L.P. (SXE), Seadrill Limited (SDRL) and SandRidge Permian Trust (PER).
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?
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.
One share of Parker Drilling Company stock can currently be purchased for approximately $0.98.
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 (307.33% upside)|Consensus Price Target History for Parker Drilling Company (NYSE:PKD)
Analysts' Ratings History for Parker Drilling Company (NYSE:PKD)
(Data available from 10/21/2015 forward)
|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|
|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|
Earnings History for Parker Drilling Company (NYSE:PKD)Earnings History by Quarter for Parker Drilling Company (NYSE PKD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
Earnings Estimates for Parker Drilling Company (NYSE:PKD)
2017 EPS Consensus Estimate: ($0.87)
2018 EPS Consensus Estimate: ($0.36)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
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%Insider Trades by Quarter for Parker Drilling Company (NYSE:PKD)
Institutional Ownership Percentage: 65.50%
(Data available from 1/1/2013 forward)
|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|| |
Headline Trends for Parker Drilling Company (NYSE:PKD)
Latest Headlines for Parker Drilling Company (NYSE:PKD)
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Parker Drilling Company (PKD) Chart for Saturday, October, 21, 2017