Last €2.28 EUR
Change Today -0.019 / -0.83%
Volume 0.0
PAD On Other Exchanges
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As of 9:39 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

parker drilling co (PAD) Snapshot

Open
€2.32
Previous Close
€2.30
Day High
€2.41
Day Low
€2.28
52 Week High
02/26/14 - €5.94
52 Week Low
12/15/14 - €2.04
Market Cap
278.2M
Average Volume 10 Days
1.1K
EPS TTM
--
Shares Outstanding
122.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for PARKER DRILLING CO (PAD)

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parker drilling co (PAD) 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 (PAD) 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
Compensation as of Fiscal Year 2013.

parker drilling co (PAD) Key Developments

Parker Drilling Company Announces $200 Million Revolving Credit Facility

Parker Drilling Company announced the closing of a senior secured $200 million revolving credit facility, maturing in 2020. Terms include the ability to increase the facility by up to $75 million, subject to the agreement of existing or new lenders. The 5-year facility amends and extends the company's existing credit facility, comprised of an $80 million revolving facility, which was undrawn except for letters of credit, and a $30 million term loan, maturing in December, 2017. The term loan was repaid with borrowings under the amended facility and all outstanding letters of credit have been continued under the amended facility.

Parker Drilling Co. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 01:20 PM

Parker Drilling Co. Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 01:20 PM. Venue: The New York Hilton Midtown, New York, New York, United States. Speakers: Christopher T. Weber, Chief Financial Officer and Senior Vice President.

Parker Drilling Company Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Parker Drilling Company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $242,012,000 against $237,762,000 a year ago. Total operating income was $35,239,000 against $35,589,000 a year ago. Income before taxes was $23,891,000 against $17,230,000 a year ago. Net income attributable to controlling interest was $12,566,000 against $7,970,000 a year ago. Diluted earnings per share were $0.10 against $0.07 a year ago. Adjusted EBITDA was $71,534,000 against $70,231,000 a year ago. Excluding non-routine items, the company earned net income of $11.8 million or $0.10 per diluted share. Third quarter adjusted EBITDA, excluding non-routine expenses, was $70.3 million, compared with $75.0 million for the preceding quarter. Net income was $12,877,000 against $8,118,000 a year ago. For the nine months, the company reported revenues of $725,471,000 against $630,851,000 a year ago. Total operating income was $92,506,000 against $73,356,000 a year ago. Income before taxes was $30,415,000 against $35,905,000 a year ago. Net income was $16,322,000 against $17,064,000 a year ago. Net income attributable to controlling interest was $15,698,000 against $16,843,000 a year ago. Diluted earnings per share were $0.13 against $0.14 a year ago. Book value per common share was $5.37. Capital expenditures year-to-date through September 30, 2014 were $151.1 million.

 

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PAD Competitors

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Industry Analysis

PAD

Industry Average

Valuation PAD Industry Range
Price/Earnings 12.6x
Price/Sales 0.3x
Price/Book 0.5x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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