Parker Drilling (PKD) Bonds Rise 1.8% During Trading

An issue of Parker Drilling (NYSE:PKD) bonds rose 1.8% as a percentage of their face value during trading on Tuesday. The debt issue has a 6.75% coupon and will mature on July 15, 2022. The bonds in the issue are now trading at $87.00. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Parker Drilling (NYSE:PKD) traded up $0.03 during trading on Tuesday, reaching $1.21. The company had a trading volume of 574,584 shares, compared to its average volume of 1,020,000. Parker Drilling has a twelve month low of $0.85 and a twelve month high of $2.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 3.02 and a current ratio of 3.39. The stock has a market capitalization of $168.06, a PE ratio of -1.12 and a beta of 1.51.

Parker Drilling (NYSE:PKD) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.06. Parker Drilling had a negative return on equity of 38.07% and a negative net margin of 33.06%. The business had revenue of $118.31 million during the quarter, compared to analysts’ expectations of $119.80 million. During the same period in the previous year, the business earned ($0.37) earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis. equities research analysts predict that Parker Drilling will post -0.85 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Towle & Co. lifted its stake in Parker Drilling by 9.5% during the third quarter. Towle & Co. now owns 9,943,319 shares of the oil and gas company’s stock worth $10,938,000 after purchasing an additional 862,444 shares during the last quarter. FMR LLC lifted its stake in Parker Drilling by 6.7% during the second quarter. FMR LLC now owns 7,630,993 shares of the oil and gas company’s stock worth $10,302,000 after purchasing an additional 477,037 shares during the last quarter. Vanguard Group Inc. lifted its stake in Parker Drilling by 6.4% during the second quarter. Vanguard Group Inc. now owns 6,095,922 shares of the oil and gas company’s stock worth $8,230,000 after purchasing an additional 368,943 shares during the last quarter. Northern Trust Corp lifted its stake in Parker Drilling by 10.3% during the second quarter. Northern Trust Corp now owns 2,378,934 shares of the oil and gas company’s stock worth $3,211,000 after purchasing an additional 222,741 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Parker Drilling during the third quarter worth about $203,000. Institutional investors and hedge funds own 63.48% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Parker Drilling (PKD) Bonds Rise 1.8% During Trading” was posted by BBNS and is the property of of BBNS. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://baseballnewssource.com/markets/parker-drilling-pkd-bonds-rise-1-8-during-trading/1821665.html.

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.

Receive News & Ratings for Parker Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Parker Drilling and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.