Parker Drilling (PKD) Getting Somewhat Favorable Media Coverage, Analysis Finds

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News articles about Parker Drilling (NYSE:PKD) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Parker Drilling earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 47.015980183178 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several equities analysts recently weighed in on the stock. ValuEngine upgraded shares of Parker Drilling from a “hold” rating to a “buy” rating in a report on Saturday, July 28th. Zacks Investment Research upgraded shares of Parker Drilling from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th.

Shares of Parker Drilling traded down $0.11, reaching $3.70, during midday trading on Friday, according to MarketBeat. 91,011 shares of the stock were exchanged, compared to its average volume of 172,362. The stock has a market capitalization of $35.50 million, a price-to-earnings ratio of -0.29 and a beta of 1.54. Parker Drilling has a twelve month low of $3.61 and a twelve month high of $21.60. The company has a debt-to-equity ratio of 2.40, a current ratio of 2.75 and a quick ratio of 2.45.

Parker Drilling (NYSE:PKD) last issued its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported ($2.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($2.37). The firm had revenue of $118.60 million for the quarter. Parker Drilling had a negative return on equity of 33.04% and a negative net margin of 21.75%.

In other Parker Drilling news, major shareholder Saba Capital Management, L.P. bought 727,582 shares of the firm’s stock in a transaction dated Monday, June 25th. The shares were purchased at an average price of $0.33 per share, for a total transaction of $240,102.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought a total of 1,596,054 shares of company stock worth $537,609 in the last quarter. Insiders own 3.26% of the company’s stock.

About Parker Drilling

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.

Further Reading: Earnings Per Share (EPS) Explained

Insider Buying and Selling by Quarter for Parker Drilling (NYSE:PKD)

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