Parker Drilling (PKD) Receives Media Impact Score of 0.20

Media headlines about Parker Drilling (NYSE:PKD) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Parker Drilling earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.6748895163789 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

• Soft Skills in Remediation: Part V – Post Resolution (jdsupra.com)
• Forget the Texas economic miracle and look south to the Mexican Miracle (dallasnews.com)
• Reviewing Pacific Drilling (PACD) & Parker Drilling (PKD) (americanbankingnews.com)
• Verizon Communications Inc. (VZ) noted a price change of -0.14% and Parker Drilling Company (PKD) closes with a … – Stocks Gallery (stocksgallery.com)
• Parker Drilling Company (NYSE:PKD) Sees Significantly Lower Trading Volume – Modern Readers (modernreaders.com)

A number of brokerages recently weighed in on PKD. ValuEngine downgraded Parker Drilling from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Macquarie raised Parker Drilling from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 9th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Parker Drilling in a research report on Friday, August 4th. Finally, Zacks Investment Research downgraded Parker Drilling from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $2.92.

Shares of Parker Drilling (PKD) opened at 1.20 on Friday. Parker Drilling has a 12 month low of $1.10 and a 12 month high of $2.90. The company’s market cap is $165.40 million. The company’s 50-day moving average price is $1.24 and its 200-day moving average price is $1.53.

Parker Drilling (NYSE:PKD) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.04. The company had revenue of $109.60 million for the quarter, compared to analysts’ expectations of $112.25 million. Parker Drilling had a negative return on equity of 43.64% and a negative net margin of 41.31%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Equities analysts forecast that Parker Drilling will post ($0.88) EPS for the current fiscal year.

Parker Drilling Company Profile

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.