PKD - Parker Drilling Company

NYSE - Nasdaq Real Time Price. Currency in USD
14.66
0.00 (0.00%)
At close: 4:00PM EST
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Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close15.00
Open14.84
Bid0.00 x 1300
Ask0.00 x 1000
Day's Range13.71 - 14.94
52 Week Range5.81 - 23.25
Volume2,032,722
Avg. Volume10,259
Market Cap215.556M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMar 09, 2020 - Mar 13, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est20.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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  • Parker Drilling Makes Statement Regarding Recent Stock Splits
    PR Newswire

    Parker Drilling Makes Statement Regarding Recent Stock Splits

    As previously announced, on March 19, 2020, Parker Drilling Company (the "Company") filed with the State of Delaware certificates of amendment to the Company's certificate of incorporation, which became effective upon filing, to effectuate a 1-for-50 reverse stock split, which was followed immediately by a 50-for-1 forward stock split. As disclosed in public filings with the Securities and Exchange Commission (the "SEC"), only stockholders of record owning fewer than 50 shares immediately prior to the effective time of the reverse stock split (i.e. as of 6:51 p.m. ET on March 19, 2020) are entitled to a fraction of a share of common stock as a result of the reverse stock split under Delaware law and, accordingly, only such stockholders of record are entitled to be paid cash in lieu of such fraction of a share of common stock on the basis of $30.00, without interest, for each share of common stock held by such holders immediately prior to the effective time. Stockholders should not rely upon any communications referring to a different effective date other than as of 6:51 p.m. ET (in the case of the reverse stock split) and 6:52 p.m. ET (in the case of the forward stock split) on March 19, 2020, and instead should refer to the Company's prior communications, including the Company's public filings for purposes of determining the extent which they could be entitled to a cash payout in connection with the stock splits.

  • Houston-based drilling co. names new CEO after months without top exec
    American City Business Journals

    Houston-based drilling co. names new CEO after months without top exec

    Houston-based Parker Drilling Co. has finally appointed a new CEO after going without one for nearly the entire first quarter. Sandy Esslemont has taken up the top executive mantle, filling a vacancy left when the former CEO Gary Rich retired at the end of 2019, according to a press release. Esslemont was previously CEO at Houston-based Abrado, which he helped found in 2009.

  • Rigzone.com

    Parker Drilling Names New President, CEO

    The appointment is one of several key announcements from the company during the past several quarters.

  • Parker Drilling Company Appoints Sandy Esslemont President, Chief Executive Officer and Member of the Board of Directors
    PR Newswire

    Parker Drilling Company Appoints Sandy Esslemont President, Chief Executive Officer and Member of the Board of Directors

    Parker Drilling Company ("Parker" or the "Company") today announced that its Board of Directors, following a global search led by Heidrick & Struggles, has appointed Sandy Esslemont, a veteran of the oil & gas industry, to serve as President and Chief Executive Officer. Mr. Esslemont will also join the Company's Board of Directors. He succeeds Gary Rich, who retired from the Company at the end of 2019.

  • Parker Drilling Company Announces Stock Split Ratios to Effectuate the Going Dark Transaction
    PR Newswire

    Parker Drilling Company Announces Stock Split Ratios to Effectuate the Going Dark Transaction

    Parker Drilling Company (the "Company") today announced that in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the Company's Board of Directors (the "Board") determined the reverse stock split ratio to be 1-for-50 and the forward stock split ratio to be 50-for-1. These stock split ratios are within the ranges approved by the Company's stockholders at the special meeting held on January 9, 2020. The Board also determined to abandon all other stock split ratios within the ranges approved by the stockholders at the special meeting. As authorized by the Board, the Company will file with the State of Delaware certificates of amendment to the Company's certificate of incorporation to effectuate the stock splits, which will become effective as of today. Following the effectiveness of the stock splits, the Company will file a Form 15 with the SEC certifying that it has less than 300 stockholders, which will terminate the registration of the Company's common stock under Section 12(g) of the Exchange Act. The Company previously filed a Form 25 in connection with the delisting of its shares from trading on the New York Stock Exchange.

  • Thomson Reuters StreetEvents

    Edited Transcript of PKD earnings conference call or presentation 4-Mar-20 4:00pm GMT

    Q4 2019 Parker Drilling Co Earnings Call

  • Parker Drilling Reports 2019 Fourth Quarter Results
    PR Newswire

    Parker Drilling Reports 2019 Fourth Quarter Results

    Parker Drilling Company today announced results for the fourth quarter ended December 31, 2019, which included a net loss of $2.1 million, or a $0.14 loss per share on revenues of $156.3 million. Fourth quarter Adjusted EBITDA was $25.9 million (1).

  • Parker Drilling Announces Fourth Quarter 2019 Earnings Release and Conference Call Schedule
    PR Newswire

    Parker Drilling Announces Fourth Quarter 2019 Earnings Release and Conference Call Schedule

    Parker Drilling Company (NYSE: PKD) announced today it intends to report its fourth quarter 2019 results after the market closes on Tuesday, March 3, 2020. In conjunction with the release, the Company has scheduled a conference call on Wednesday, March 4, 2020 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Those interested in listening to the call may do so by telephone or by audio webcast.

  • Rigzone.com

    Parker Drilling to Voluntarily Delist from the NYSE

    According to public filings, the oilfield services company has received the green light from shareholders.

  • Houston-based driller to shed shareholders, leave public markets
    American City Business Journals

    Houston-based driller to shed shareholders, leave public markets

    The company has gotten approval for a maneuver that will buy out its smaller shareholders with the intention of cutting the number of shareholders below the threshold that requires reporting to the SEC.

  • Parker Drilling Company Files Form 25 to Voluntarily Delist its Common Stock from the New York Stock Exchange
    PR Newswire

    Parker Drilling Company Files Form 25 to Voluntarily Delist its Common Stock from the New York Stock Exchange

    Parker Drilling Company (NYSE: PKD) (the "Company") today filed a Form 25 with the Securities and Exchange Commission ("SEC") to voluntarily delist its shares of common stock from trading on the New York Stock Exchange in connection with its previously announced plan to deregister its common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company expects that the delisting will occur ten calendar days after the filing of the Form 25 so that trading will be suspended on February 10, 2020 prior to the market opening. Following the delisting, the Company's Board of Directors (the "Board") will evaluate updated ownership data to ascertain the aggregate costs within the ranges of stock split ratios that the Company's stockholders approved at a special meeting on January 9, 2020. Based upon this analysis, the Board will determine the appropriate ratio to effectuate a reverse stock split, which will be followed immediately by a forward stock split. As previously disclosed, the Board, at its sole discretion, may elect to abandon the stock splits and the overall deregistration process for any reason, including if it determines that effectuating the stock splits would be too costly. Assuming the Board determines to proceed with the stock splits and the overall deregistration process, the Company will file with the State of Delaware certificates of amendment to the Company's certificate of incorporation to effectuate the stock splits. Following the effectiveness of the stock splits, the Company will file a Form 15 with the SEC certifying that it has less than 300 stockholders, which will terminate the registration of the Company's common stock under Section 12(g) of the Exchange Act. At this time, the Company believes that any reverse stock split ratio within the previously approved range would reduce the number of record holders below 300, which is the level at or above which the Company is required to file reports with the SEC.

  • Parker Drilling Company Announces Results of Special Meeting of Stockholders
    PR Newswire

    Parker Drilling Company Announces Results of Special Meeting of Stockholders

    Parker Drilling Company (NYSE: PKD) (the "Company") today announced that at the Special Meeting of Stockholders held on January 9, 2020, the Company's stockholders voted to approve proposals to amend the Company's certificate of incorporation to effect a reverse stock split, to be followed immediately by a forward stock split, at a ratio of (i) not less than 1-for-5 and not greater than 1-for-100, in the case of the reverse stock split, and (ii) not less than 5-for-1 and not greater than 100-for-1, in the case of the forward stock split, which collectively are the "stock splits." As previously announced, the stock splits are for the purpose of deregistering the Company's common stock under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in connection with delisting the Company's shares from trading on the New York Stock Exchange.

  • The Zacks Analyst Blog Highlights: Talos Energy, Parker Drilling Company, Ring Energy, Sibanye Gold and U.S. Gold
    Zacks

    The Zacks Analyst Blog Highlights: Talos Energy, Parker Drilling Company, Ring Energy, Sibanye Gold and U.S. Gold

    The Zacks Analyst Blog Highlights: Talos Energy, Parker Drilling Company, Ring Energy, Sibanye Gold and U.S. Gold

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    Middle East Tensions Rise: 5 Big Gainers

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  • Here’s What Hedge Funds Think About Parker Drilling Company (PKD)
    Insider Monkey

    Here’s What Hedge Funds Think About Parker Drilling Company (PKD)

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]

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  • Oil & Gas Drilling Industry Outlook Remains Challenged
    Zacks

    Oil & Gas Drilling Industry Outlook Remains Challenged

    Oil & Gas Drilling Industry Outlook Remains Challenged

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  • NuStar Energy Units Up on Chairman's $15M Stock Purchase
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    NuStar Energy Units Up on Chairman's $15M Stock Purchase

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  • Thomson Reuters StreetEvents

    Edited Transcript of PKD earnings conference call or presentation 6-Nov-19 4:00pm GMT

    Q3 2019 Parker Drilling Co Earnings Call

  • Here is What Hedge Funds Really Think About Parker Drilling Company (PKD)
    Insider Monkey

    Here is What Hedge Funds Really Think About Parker Drilling Company (PKD)

    Is Parker Drilling Company (NYSE:PKD) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to […]

  • PR Newswire

    Parker Drilling Reports 2019 Third Quarter Results

    HOUSTON , Nov. 5, 2019 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the third quarter ended September 30, 2019, which included a net income of $4.0 million , or diluted ...

  • PR Newswire

    Parker Drilling Announces Third Quarter 2019 Earnings Release and Conference Call Schedule

    HOUSTON, Oct. 24, 2019 /PRNewswire/ -- Parker Drilling Company (PKD) announced today it intends to report its third quarter 2019 results after the market closes on Tuesday, November 5, 2019.  In conjunction with the release, the Company has scheduled a conference call on Wednesday, November 6, 2019 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Connect to the webcast via the Investor Relations section of the Parker Drilling website at http://www.parkerdrilling.com. A replay will be available shortly after the call and can be accessed on the Company's website for 12 months.

  • PR Newswire

    Parker Drilling Files Revised Preliminary Proxy Statement Proposing Range of Stock Split Ratios to Reduce Number of Stockholders of Record Below 300

    HOUSTON , Oct. 21, 2019 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) ("Parker" or the "Company") announced today that it has filed a revised preliminary proxy statement with ...