Parker Drilling Company (PKD) Set to Announce Earnings on Wednesday

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.

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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.

Earnings History for Parker Drilling (NYSE:PKD)

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