Parker Drilling (NYSE:PKD) announced its earnings results on Wednesday. The oil and gas company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.01, Bloomberg Earnings reports. Parker Drilling had a negative net margin of 33.06% and a negative return on equity of 38.07%. The business had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $112.22 million. During the same period in the prior year, the company earned ($0.39) earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis.
Shares of Parker Drilling (NYSE PKD) opened at $1.10 on Thursday. Parker Drilling has a twelve month low of $0.85 and a twelve month high of $2.45. The company has a market cap of $140.29, a P/E ratio of -1.02 and a beta of 1.45. The company has a current ratio of 3.39, a quick ratio of 3.02 and a debt-to-equity ratio of 1.78.
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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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