Parker Drilling (PKD) Trading Up 7.3%
Shares of Parker Drilling (NYSE:PKD) were up 7.3% on Thursday . The stock traded as high as $1.35 and last traded at $1.33. Approximately 1,132,028 shares traded hands during trading, an increase of 32% from the average daily volume of 858,904 shares. The stock had previously closed at $1.24.
The company has a current ratio of 3.39, a quick ratio of 3.02 and a debt-to-equity ratio of 1.78. The stock has a market cap of $187.51, a P/E ratio of -1.25 and a beta of 1.51.
Parker Drilling (NYSE:PKD) last posted 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. Parker Drilling had a negative net margin of 33.06% and a negative return on equity of 38.07%. The firm had revenue of $118.31 million during the quarter, compared to the consensus estimate of $119.80 million. During the same quarter in the previous year, the firm posted ($0.37) earnings per share. The company’s revenue was up 21.7% on a year-over-year basis. research analysts predict that Parker Drilling will post -0.85 EPS for the current year.
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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.
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