Parker Drilling (PKD) Issues Earnings Results

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 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.

Earnings History for Parker Drilling (NYSE:PKD)

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