HOUSTON, October 14, 2019 – Shares of Parker Drilling Company (NYSE: PKD) gained 0.58% to $19.07. The stock grabbed the investor’s attention and traded 14.982K shares as compared to its average daily volume of 52.95K shares. The stock’s institutional ownership stands at 92.40%.
Parker Drilling Company (PKD) reported a net loss of $90.20M or a $9.63 loss per common share on revenues of $157.40M. First quarter Adjusted EBITDA was $28.40M.
General and administrative expenses were $8.10M for the 2019 first quarter. Total liquidity at the end of the quarter, exclusive of $21.40M restricted cash, was $153.00M, consisting of $127.80M in unrestricted cash and cash equivalents and $25.20M available under the Company’s credit facility.
Capital expenditures in the first quarter were $9.20M, primarily geared to the Company’s Rentals Tools Services business.
PKD has a market value of $288.34M while its EPS was booked as $-21.62 in the last 12 months. The stock has 15.12M shares outstanding. In the profitability analysis, the company has gross profit margin of 7.10% while net profit margin was -35.40%. Analyst recommendation for this stock stands at 2.50.