Last $4.73 USD
Change Today +0.24 / 5.35%
Volume 853.1K
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As of 2:56 PM 10/20/14 All times are local (Market data is delayed by at least 15 minutes).

parker drilling co (PKD) Key Developments

Parker Drilling Co. Presents at Johnson Rice 2014 Energy Conference, Sep-29-2014 01:05 PM

Parker Drilling Co. Presents at Johnson Rice 2014 Energy Conference, Sep-29-2014 01:05 PM. Venue: Hotel Monteleone, 214 Royal Street, New Orleans, LA 70130, United States. Speakers: Gary G. Rich, Chairman of The Board, Chief Executive Officer and President.

Parker Drilling Co. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 09:05 AM

Parker Drilling Co. Presents at Barclays CEO Energy-Power Conference, Sep-04-2014 09:05 AM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States. Speakers: Gary G. Rich, Chairman of The Board, Chief Executive Officer and President.

Parker Drilling Mulls Acquisitions

Parker Drilling Co. (NYSE:PKD) intends to pursue acquisitions. Parker Drilling has filed a Shelf Registration. The company plans to use the net proceeds for general corporate purposes, including, but not limited to, working capital, repayment or reduction of debt, capital expenditures, financing of acquisitions and repurchases and redemptions of securities.

Parker Drilling Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Outlook for the Full Year 2014

Parker Drilling Co. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to controlling interest of $15.7 million, or $0.13 per basic and diluted share, on revenues of $254.2 million compared to net income attributable to controlling interest of $8.28 million, or $0.07 per basic and diluted share, on revenues of $225.95 million a year ago. Excluding non-routine items, the company earned net income of $15.1 million or $0.12 per diluted share, compared with similarly adjusted 2014 first quarter net income of $5.5 million or $0.04 per diluted share, on revenues of $229.2 million. Adjusted EBITDA, excluding non-routine items, was $71.0 million, compared with $60.26 million a year ago. Total operating income was $37.50 million compared to $28.59 million a year ago. Income before income taxes was $27.54 million compared to $19.61 million a year ago. Capital spending to the second quarter was $68.7 million, including the $12.25 million purchase of barge Rig 30B. For the six months, the company reported net income attributable to controlling interest of $3.12 million, or $0.03 per basic and diluted share, on revenues of $483.46 million compared to net income attributable to controlling interest of $8.87 million, or $0.07 per basic and diluted share, on revenues of $393.09 million a year ago. Book value per common share was $5.27 compared to $5.24 on December 31, 2013. Total operating income was $57.27 million compared to $37.77 million a year ago. Income before income taxes was $6.52 million compared to $18.68 million a year ago. Year-to-date capital spending to was at $106.2 million. For the full year 2014, the company expects revenue growth between 12% and 15% for the year compared with 2013 and an EBITDA percentage in the high 20s. The company still estimates 2014 capital spending to be approximately a $190 million. The company expects full year tax rate to be around the mid-40s.

Parker Drilling Co. Presents at Deutsche Bank 22nd Annual Leveraged Finance Conference, Oct-01-2014 11:05 AM

Parker Drilling Co. Presents at Deutsche Bank 22nd Annual Leveraged Finance Conference, Oct-01-2014 11:05 AM. Venue: The Phoenician, 6000 East Camelback Road, Scottsdale, AZ 85251, United States.

 

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PKD

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Valuation PKD Industry Range
Price/Earnings 25.0x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 3.2x
TEV/Sales NM Not Meaningful
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