An issue of Parker Drilling (NYSE:PKD) debt rose 1.8% against its face value during trading on Tuesday. The debt issue has a 6.75% coupon and is set to mature on July 15, 2022. The debt is now trading at $87.00. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.
Shares of Parker Drilling (NYSE PKD) opened at $1.24 on Thursday. Parker Drilling has a 52 week low of $0.85 and a 52 week high of $2.85. The company has a quick ratio of 3.02, a current ratio of 3.39 and a debt-to-equity ratio of 1.78. The stock has a market capitalization of $172.23, a P/E ratio of -1.15 and a beta of 1.51.
Parker Drilling (NYSE:PKD) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. The company had revenue of $118.31 million during the quarter, compared to the consensus estimate 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 revenue was up 21.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.37) EPS. 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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