Media headlines about Parker Drilling (NYSE:PKD) have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parker Drilling earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.4774510256855 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Glistening Stock’s Review – Parker Drilling Company (NYSE: PKD) (stocksmarketcap.com)
- Best & Worst Performing Stock Categories for June 26, 2018 (stocknews.com)
- US STOCKS ON THE MOVE-Drug stocks, Mattel, Accenture, Bed Bath & Beyond, Pier 1 (nasdaq.com)
- Delighting Stocks: Huazhu Group Limited, (NASDAQ: HTHT), Parker Drilling Company, (NYSE: PKD) (globalexportlines.com)
- Rotating into Defensives? Parker Drilling Company (PKD), ZIOPHARM Oncology, Inc. (ZIOP) (nmsunews.com)
Shares of Parker Drilling opened at $0.38 on Friday, according to MarketBeat.com. The firm has a market capitalization of $57.08 million, a price-to-earnings ratio of -0.45 and a beta of 1.71. Parker Drilling has a 1-year low of $0.31 and a 1-year high of $1.44. The company has a current ratio of 3.14, a quick ratio of 2.81 and a debt-to-equity ratio of 2.17.
Parker Drilling (NYSE:PKD) last released its quarterly earnings results on Tuesday, May 1st. The oil and gas company reported ($0.21) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.21). Parker Drilling had a negative return on equity of 32.58% and a negative net margin of 23.72%. The business had revenue of $109.68 million during the quarter, compared to analyst estimates of $109.80 million. sell-side analysts anticipate that Parker Drilling will post -0.73 EPS for the current fiscal year.
A number of research firms have weighed in on PKD. Zacks Investment Research cut Parker Drilling from a “hold” rating to a “sell” rating in a report on Thursday, March 8th. ValuEngine upgraded Parker Drilling from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd.
In other Parker Drilling news, major shareholder Saba Capital Management, L.P. purchased 645,810 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were bought at an average cost of $0.34 per share, with a total value of $219,575.40. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders purchased a total of 1,596,054 shares of company stock worth $537,609 over the last three months. 3.26% of the stock is owned by company insiders.
Parker Drilling Company Profile
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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