News stories about Parker Drilling (NYSE:PKD) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Parker Drilling earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.8338123543318 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Parker Drilling Company (PKD) moves -26.65% below SMA-50 – The Stocks News (press release) (thestocksnews.com)
- Knock at Technical analysis on Parker Drilling Company (PKD) – Wall Street Morning (wallstreetmorning.com)
- Parker Drilling Company (NYSE:PKD) – Tool For Stock Selection – Nasdaq Journal (nasdaqjournal.com)
- Analysts’ Recommendation in Spotlight: Parker Drilling Company (NYSE: PKD) – Alpha Beta Stock (alphabetastock.com)
Parker Drilling stock traded down $0.02 during trading on Monday, reaching $0.76. The company had a trading volume of 416,568 shares, compared to its average volume of 892,269. The stock has a market cap of $108.99, a PE ratio of -0.84 and a beta of 1.58. Parker Drilling has a 1 year low of $0.75 and a 1 year high of $1.85. The company has a current ratio of 3.07, a quick ratio of 2.76 and a debt-to-equity ratio of 1.96.
Parker Drilling (NYSE:PKD) last posted its quarterly earnings data on Wednesday, February 14th. The oil and gas company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.01. The firm had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $112.22 million. Parker Drilling had a negative return on equity of 33.28% and a negative net margin of 26.82%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.39) EPS. equities research analysts predict that Parker Drilling will post -0.61 EPS for the current fiscal year.
Separately, Zacks Investment Research cut Parker Drilling from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $1.25.
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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