Last $3.10 USD
Change Today -0.06 / -1.90%
Volume 550.8K
PKD On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 02/26/15 All times are local (Market data is delayed by at least 15 minutes).

parker drilling co (PKD) Snapshot

Open
$3.12
Previous Close
$3.16
Day High
$3.17
Day Low
$3.09
52 Week High
02/28/14 - $8.20
52 Week Low
01/20/15 - $2.51
Market Cap
378.3M
Average Volume 10 Days
787.6K
EPS TTM
$0.34
Shares Outstanding
122.0M
EX-Date
03/12/87
P/E TM
9.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for PARKER DRILLING CO (PKD)

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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 and coasts of Louisiana, Alabama, and Texas, as well as drills geologically difficult wells and manages the logistical and technological challenges of operating in remote, harsh, and ecologically sensitive areas. The company also provides rental tools and services for land and offshore oil and natural gas drilling, workover, and production applications, such as drill collars, standard and heavy-weight drill pipes, tubing, and pressure control equipment, including blow-out preventers; and services, such as fishing, tubular running, inspection, and machine shop support. 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.

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
Compensation as of Fiscal Year 2013.

parker drilling co (PKD) Key Developments

Parker Drilling Co. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Spending Guidance for 2015

Parker Drilling Co. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $243,213,000 against $243,321,000 a year ago. Total operating income was $27,714,000 against $28,515,000 a year ago. Income before income taxes was $18,122,000 against $16,882,000 a year ago. Net income attributable to controlling interest was $7,753,000 or $0.06 per diluted share against $10,174,000 or $0.08 per diluted share a year ago. Adjusted EBITDA was $65,162,000 against $66,259,000 a year ago. Adjusted EBITDA after Non-routine Items was $65,162,000 against $69,565,000 a year ago. For the full year, the company reported revenues of $968,684,000 against $874,172,000 a year ago. Total operating income was $120,220,000 against $101,872,000 a year ago. Income before income taxes was $48,537,000 against $52,787,000 a year ago. Net income attributable to controlling interest was $23,451,000 or $0.19 per diluted share against $27,015,000 or $0.22 per diluted share a year ago. Net debt position at the end of the year was $506.5 million. Capital spending during 2014 was $176.8 million, with approximately $95 million for rental tools, $68 million for drilling operations and $14 million for corporate. The company estimates 2015 capital spending will be approximately $110 million, down approximately 40% from 2014 levels. The company's 2015 capital spending plan is focused on supporting rental tools growth opportunities in the U.S. Gulf of Mexico and deepwater markets with equipment for already contracted or committed jobs, and supporting growth for the international rental tools in select markets and maintaining company's rig fleet for efficient and safe operations.

Parker Drilling Closes $200 Million Revolving Credit Facility

Parker Drilling Company reported 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. to Report Q4, 2014 Results on Feb 18, 2015

Parker Drilling Co. announced that they will report Q4, 2014 results at 10:00 AM, Central Standard Time on Feb 18, 2015

 

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Industry Analysis

PKD

Industry Average

Valuation PKD Industry Range
Price/Earnings 16.6x
Price/Sales 0.4x
Price/Book 0.6x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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