Somewhat Positive Press Coverage Somewhat Unlikely to Affect Parker Drilling (PKD) Stock Price

Media headlines about Parker Drilling (NYSE:PKD) have trended somewhat positive on Friday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing 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 news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 48.1235957953039 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Separately, Zacks Investment Research lowered shares of Parker Drilling from a “hold” rating to a “sell” rating in a research note on Thursday, March 8th.

Shares of NYSE:PKD opened at $0.54 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 3.07 and a quick ratio of 2.76. The company has a market capitalization of $80.71, a P/E ratio of -0.64 and a beta of 1.82. Parker Drilling has a 52 week low of $0.53 and a 52 week 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 for the quarter, beating the Thomson Reuters’ 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 net margin of 26.82% and a negative return on equity of 33.28%. The company’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 business earned ($0.39) EPS. research analysts expect that Parker Drilling will post -0.61 earnings per share for the current year.

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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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