Parker Drilling Company (NYSE:PKD) is set to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Parker Drilling to post earnings of ($0.21) per share for the quarter.
Parker Drilling (NYSE:PKD) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.04. Parker Drilling had a negative net margin of 41.31% and a negative return on equity of 43.64%. The firm had revenue of $109.60 million during the quarter, compared to analyst estimates of $112.25 million. During the same quarter in the previous year, the business earned ($0.32) EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. On average, analysts expect Parker Drilling to post $-0.87 EPS for the current fiscal year and $-0.38 EPS for the next fiscal year.
Shares of Parker Drilling Company (NYSE:PKD) opened at 1.04 on Tuesday. Parker Drilling Company has a 12-month low of $0.90 and a 12-month high of $2.90. The firm’s 50-day moving average is $1.10 and its 200-day moving average is $1.29. The firm’s market cap is $143.35 million.
Several equities analysts have issued reports on PKD shares. Zacks Investment Research upgraded shares of Parker Drilling from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Thursday, August 24th. Seaport Global Securities restated a “neutral” rating on shares of Parker Drilling in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Parker Drilling currently has an average rating of “Hold” and a consensus target price of $2.63.
About Parker Drilling
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.
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