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Stock Market & Financial Investment News

News Breaks
January 14, 2013
09:41 EDTPKDParker Drilling downgraded to Neutral from Buy at Global Hunter
News For PKD From The Last 14 Days
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August 8, 2014
14:17 EDTPKDParker Drilling files automatic mixed securities shelf
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August 6, 2014
07:56 EDTPKDParker Drilling expect continued improvement in U.S., on land and Gulf of Mexico
The company said, " Our recent gains in rental tools utilization and pricing in the U.S. land drilling market are encouraging and position us to benefit from further market growth that may develop. In addition, we expect further expansion of our rental tools presence in the Gulf of Mexico offshore drilling market as committed contracts are initiated later this year. Recent additions to our Gulf of Mexico barge drilling fleet and strong dayrates should allow that operation to continue contributing to revenues and earnings growth into 2015. The international markets in which we work are expected to provide good demand to support growth of our rental tools business and strong tender activity and contract renewal opportunities for our rig fleet. However, conditions in several key international markets may delay our ability to benefit from these in the near-term. We continue to focus on consistent execution of our strategy and providing our customers with innovative, reliable and efficient solutions to their operational needs. We expect this focus, combined with increasing market demand, will provide additional opportunities to produce further growth and enhanced returns."
07:54 EDTPKDParker Drilling reports Q2 EPS excl. items 12c, consensus 10c
Reports Q2 revenue $254.2M, consensus $245.14M; Reports Q2 adjusted EBITDA $71M.

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