Headlines about Parker Drilling (NYSE:PKD) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Parker Drilling earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.323136855403 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
NYSE:PKD traded down $0.02 on Friday, hitting $0.53. The company’s stock had a trading volume of 1,258,745 shares, compared to its average volume of 977,271. The company has a quick ratio of 2.76, a current ratio of 3.07 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $72.94, a price-to-earnings ratio of -0.63 and a beta of 1.82. Parker Drilling has a one year low of $0.52 and a one year high of $1.85.
Parker Drilling (NYSE:PKD) last released its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.01. The firm had revenue of $116.30 million for the quarter, compared to analyst estimates of $112.22 million. Parker Drilling had a negative return on equity of 33.28% and a negative net margin of 26.82%. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.39) earnings per share. equities research analysts expect that Parker Drilling will post -0.61 EPS for the current year.
Separately, Zacks Investment Research lowered Parker Drilling from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th.
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About Parker Drilling
Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas.
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