Parker Drilling (NYSE:PKD)’s share price dropped 6.4% on Monday . The company traded as low as $1.13 and last traded at $1.17. Approximately 608,677 shares changed hands during trading, a decline of 35% from the average daily volume of 935,375 shares. The stock had previously closed at $1.25.
The company has a market capitalization of $168.06, a P/E ratio of -1.12 and a beta of 1.51. The company has a debt-to-equity ratio of 1.78, a current ratio of 3.39 and a quick ratio of 3.02.
Parker Drilling (NYSE:PKD) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.15) earnings per share for the quarter, topping the Zacks’ 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%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.37) earnings per share. equities analysts forecast that Parker Drilling will post -0.85 earnings per share for the current year.
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Parker Drilling Company Profile
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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