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.
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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.
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