Parker Drilling (PKD) Earning Somewhat Favorable News Coverage, Report Finds

Press coverage about Parker Drilling (NYSE:PKD) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Parker Drilling earned a news impact score of 0.07 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.3231901385559 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Parker Drilling (NYSE:PKD) traded down $0.02 on Friday, hitting $0.97. The stock had a trading volume of 501,187 shares, compared to its average volume of 924,108. The firm has a market cap of $132.00, a price-to-earnings ratio of -0.89 and a beta of 1.50. Parker Drilling has a 12 month low of $0.85 and a 12 month high of $2.90. The company has a current ratio of 3.39, a quick ratio of 3.02 and a debt-to-equity ratio of 1.78.

Parker Drilling (NYSE:PKD) last released its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.06. The company had revenue of $118.31 million for the quarter, compared to analyst estimates of $119.80 million. Parker Drilling had a negative return on equity of 38.07% and a negative net margin of 33.06%. Parker Drilling’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.37) EPS. equities analysts anticipate that Parker Drilling will post -0.85 EPS for the current year.

Separately, Zacks Investment Research lowered Parker Drilling from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Parker Drilling currently has an average rating of “Hold” and a consensus price target of $1.25.

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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.

Insider Buying and Selling by Quarter for Parker Drilling (NYSE:PKD)

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