Parker Drilling (PKD) Given Daily News Impact Rating of 0.13

Media coverage about Parker Drilling (NYSE:PKD) has been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Parker Drilling earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 48.1235957953039 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Separately, Zacks Investment Research downgraded shares of Parker Drilling from a “hold” rating to a “sell” rating in a research report on Thursday, March 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Parker Drilling currently has a consensus rating of “Hold” and an average target price of $1.25.

Parker Drilling (PKD) traded down $0.03 during mid-day trading on Wednesday, reaching $0.78. 2,466,506 shares of the company’s stock were exchanged, compared to its average volume of 883,434. Parker Drilling has a 12 month low of $0.76 and a 12 month high of $1.85. The company has a current ratio of 3.07, a quick ratio of 2.76 and a debt-to-equity ratio of 1.96. The stock has a market cap of $114.70, a P/E ratio of -0.87 and a beta of 1.58.

Parker Drilling (NYSE:PKD) last released its earnings results on Wednesday, February 14th. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.01. Parker Drilling had a negative net margin of 26.82% and a negative return on equity of 33.28%. The company had revenue of $116.30 million during the quarter, compared to the consensus estimate of $112.22 million. During the same quarter in the prior year, the firm earned ($0.39) EPS. The company’s revenue was up 23.7% compared to the same quarter last year. analysts expect that Parker Drilling will post -0.61 EPS for the current fiscal year.

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About Parker Drilling

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools and services. The Company’s business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes U.S. Rental Tools and International Rental Tools segments, and its Drilling Services business includes its U.S.

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