Parker Drilling (OTCPK:PKDC) - Stock Price, News & Analysis

PKDC Stock Overview

Provides contract drilling and drilling-related services, and rental tools and services to the energy industry.

PKDC fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 68.6% below our estimate of its fair value

Earnings grew by 70.3% over the past year

Risk Analysis

High level of non-cash earnings

Shares are highly illiquid

Parker Drilling Company Competitors

Seadrill

NYSE:SDRL

US$2.7b

Helmerich & Payne

NYSE:HP

US$3.6b

Valaris

NYSE:VAL

US$3.7b

Noble

NYSE:NE

US$5.7b

Price History & Performance

Summary of all time highs, changes and price drops for Parker Drilling
Historical stock prices
Current Share Price	US$20.00
52 Week High	US$22.01
52 Week Low	US$9.00
Beta	0.27
11 Month Change	42.86%
3 Month Change	n/a
1 Year Change	81.82%
33 Year Change	344.44%
5 Year Change	1.16%
Change since IPO	29.03%

Recent updates

Shareholder Returns

	PKDC	US Energy Services	US Market
7D	0%	9.2%	5.1%
1Y	81.8%	-3.5%	37.7%

Return vs Industry: PKDC exceeded the US Energy Services industry which returned -3.5% over the past year.

Return vs Market: PKDC exceeded the US Market which returned 37.7% over the past year.

Price Volatility

Is PKDC's price volatile compared to industry and market?
PKDC volatility
PKDC Average Weekly Movement	n/a
Energy Services Industry Average Movement	6.3%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.1%
10% least volatile stocks in US Market	2.9%

Stable Share Price: PKDC's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine PKDC's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1934	2,245	Sandy Esslemont	www.parkerdrilling.com

Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry. It operates through two business lines, Drilling Services and Rental Tools Services. The Drilling Services business line drills oil, natural gas, and geothermal wells with company-owned rigs and customer-owned rigs; and operates barge rigs for drilling oil and natural gas in the shallow waters in and along the inland waterways and coasts of Louisiana, Alabama, and Texas.

Parker Drilling Company Fundamentals Summary

How do Parker Drilling's earnings and revenue compare to its market cap?
PKDC fundamental statistics
Market cap	US$301.02m
Earnings (TTM)	US$124.99m
Revenue (TTM)	US$614.21m

2.4x

P/E Ratio

0.5x

P/S Ratio

Is PKDC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PKDC income statement (TTM)
Revenue	US$614.21m
Cost of Revenue	US$437.06m
Gross Profit	US$177.15m
Other Expenses	US$52.16m
Earnings	US$124.99m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	8.30
Gross Margin	28.84%
Net Profit Margin	20.35%
Debt/Equity Ratio	46.3%

How did PKDC perform over the long term?

See historical performance and comparison

Parker Drilling OTCPK:PKDC Stock Report