Last $5.54 USD
Change Today +0.05 / 0.91%
Volume 700.7K
PKD On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

parker drilling co (PKD) Snapshot

Open
$5.49
Previous Close
$5.49
Day High
$5.59
Day Low
$5.48
52 Week High
01/6/14 - $8.67
52 Week Low
09/17/14 - $5.47
Market Cap
674.5M
Average Volume 10 Days
808.7K
EPS TTM
$0.39
Shares Outstanding
121.7M
EX-Date
03/11/87
P/E TM
14.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for PARKER DRILLING CO (PKD)

parker drilling co (PKD) Related Businessweek News

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parker drilling co (PKD) Details

Parker Drilling Company, together with its subsidiaries, provides contract drilling and drilling-related services and rental tools in the United States, Latin America, Africa, the Middle East, the Asia Pacific, Europe, and the Commonwealth of Independent States. It operates in five segments: Rental Tools, U.S. Barge Drilling, U.S. Drilling, International Drilling, and Technical Services. The company operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways, as well as drills geologically difficult wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas. As of December 31, 2013, its rig fleet included 13 barge drilling rigs and 23 land rigs. The company also provides rental tools for land and offshore oil and natural gas drilling and workover and production applications, such as drill pipes, heavy-weight drill pipes, tubing, high-torque connections, blow-out preventers, drill collars, casing running systems, tools for fishing services, and others. In addition, it provides technical services, such as engineering and related project services during front end engineering design (FEED), pre-FEED, and concept development phases of customer-owned drilling facility projects; engineering, procurement, construction, and installation services; operations and maintenance services; and other project management services, including labor, maintenance, and logistics for operators who own their own drilling rigs. The company serves independent and national oil and natural gas companies, and integrated service providers. Parker Drilling Company was founded in 1934 and is headquartered in Houston, Texas.

3,395 Employees
Last Reported Date: 07/24/14
Founded in 1934

parker drilling co (PKD) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: $567.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $212.3K
Senior Vice President of Europe, Middle East ...
Total Annual Compensation: $380.5K
Chief Administrative Officer, Senior Vice Pre...
Total Annual Compensation: $346.2K
Chief Technical Officer and Senior Vice Presi...
Total Annual Compensation: $293.7K
Compensation as of Fiscal Year 2013.

parker drilling co (PKD) Key Developments

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.

 

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Industry Analysis

PKD

Industry Average

Valuation PKD Industry Range
Price/Earnings 31.4x
Price/Sales 0.7x
Price/Book 1.0x
Price/Cash Flow 4.1x
TEV/Sales NM Not Meaningful
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