OTCPK:PKDS.Q

Stock Analysis Report

Executive Summary

Parker Drilling Company provides contract drilling and drilling-related services, and rental tools and services to the energy industry.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Risks

  • Parker Drilling has significant price volatility in the past 3 months.
  • Parker Drilling is not covered by any analysts.

Similar Companies

Share Price & News

How has Parker Drilling's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.04%

OTCPK:PKDS.Q

-5.1%

US Energy Services

-1.2%

US Market


1 Year Return

-97.4%

OTCPK:PKDS.Q

-40.3%

US Energy Services

3.3%

US Market

PKDS.Q underperformed the Energy Services industry which returned -26% over the past year.

PKDS.Q underperformed the Market in United States of America which returned 6.5% over the past year.


Share holder returns

PKDS.QIndustryMarket
7 Day0.04%-5.1%-1.2%
30 Day-20.0%-3.9%0.8%
90 Day-31.4%-21.2%0.9%
1 Year-97.4%-97.4%-38.7%-40.3%5.6%3.3%
3 Year-99.2%-99.2%-42.8%-49.3%45.4%35.9%
5 Year-99.8%-99.8%-68.0%-72.5%59.4%41.7%

Price Volatility Vs. Market

How volatile is Parker Drilling's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Parker Drilling undervalued based on future cash flows and its price relative to the stock market?

0.018x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Parker Drilling to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Parker Drilling to establish if it is available at substantial discount.


Price Based on Earnings

Parker Drilling is loss making, we can't compare its value to the US Energy Services industry average.

Parker Drilling is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Parker Drilling, we can't assess if its growth is good value.


Price Based on Value of Assets

Parker Drilling is good value based on assets compared to the US Energy Services industry average.


Next Steps

Future Growth

How is Parker Drilling expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

37.8%

Forecasted Energy Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Parker Drilling has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of PKDS.Q’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Parker Drilling's filings and announcements here.
  • Explore growth companies in the energy industry.

Past Performance

How has Parker Drilling performed over the past 5 years?

-40.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Parker Drilling does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Parker Drilling's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Parker Drilling's 1-year growth to the US Energy Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Parker Drilling has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Parker Drilling has efficiently used its assets last year compared to the US Energy Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Parker Drilling improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Parker Drilling's financial position?


Financial Position Analysis

Parker Drilling is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Parker Drilling's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Parker Drilling's level of debt (468.8%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (103.2% vs 468.8% today).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.4x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Parker Drilling has less than a year of cash runway based on current free cash flow.

Parker Drilling has less than a year of cash runway if free cash flow continues to grow at historical rates of 100.4% each year.


Next Steps

Dividend

What is Parker Drilling's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Parker Drilling's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Parker Drilling's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Parker Drilling has not reported any payouts.

Unable to verify if Parker Drilling's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Parker Drilling has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Parker Drilling's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Gary Rich (59yo)

6.4yrs

Tenure

US$2,564,634

Compensation

Mr. Gary G. Rich has been the Chief Executive Officer and President of Parker Drilling Co. since October 1, 2012 and has been its Chairman of The Board since May 1, 2014. Mr. Rich has a wealth of internati ...


CEO Compensation Analysis

Gary's remuneration is higher than average for companies of similar size in United States of America.

Gary's compensation has increased whilst company is loss making.


Management Age and Tenure

1.4yrs

Average Tenure

51yo

Average Age

The average tenure for the Parker Drilling management team is less than 2 years, this suggests a new team.


Board Age and Tenure

5.9yrs

Average Tenure

67yo

Average Age

The tenure for the Parker Drilling board of directors is about average.


Insider Trading

Parker Drilling insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$5,97928 Mar 19
Michael Sumruld
EntityIndividual
Role
Senior VP & CFO
Shares397
Max PriceUS$15.06
SellUS$2,80728 Feb 19
Amr Selim
EntityIndividual
Role
Member of the Board of Directors
Shares9,214
Max PriceUS$0.33
SellUS$3,66021 Feb 19
Jonathan Clarkson
EntityIndividual
Role
Member of the Board of Directors
Shares11,262
Max PriceUS$0.33
SellUS$3,92515 Feb 19
Richard Paterson
EntityIndividual
Role
Lead Director
Shares12,415
Max PriceUS$0.33
SellUS$97418 Dec 18
Jonathan Clarkson
EntityIndividual
Role
Member of the Board of Directors
Shares2,953
Max PriceUS$0.33
SellUS$003 Oct 18
Michael Sumruld
EntityIndividual
Role
Senior VP & CFO
Shares862
Max PriceUS$2.98
BuyUS$7,96903 Oct 18
Michael Sumruld
EntityIndividual
Role
Senior VP & CFO
Shares2,674
Max PriceUS$2.98
BuyUS$98002 Oct 18
Jennifer Simons
EntityIndividual
Role
Vice President
Shares329
Max PriceUS$2.98
SellUS$002 Oct 18
Nathaniel Dockray
EntityIndividual
Role
Chief Accounting Officer
Shares114
Max PriceUS$2.98
SellUS$002 Oct 18
Jennifer Simons
EntityIndividual
Role
Vice President
Shares106
Max PriceUS$2.98
BuyUS$1,05502 Oct 18
Nathaniel Dockray
EntityIndividual
Role
Chief Accounting Officer
Shares354
Max PriceUS$2.98
BuyUS$3,31131 Jul 18
Nathaniel Dockray
EntityIndividual
Role
Chief Accounting Officer
Shares587
Max PriceUS$5.64
SellUS$031 Jul 18
Nathaniel Dockray
EntityIndividual
Role
Chief Accounting Officer
Shares190
Max PriceUS$5.64
SellUS$031 Jul 18
Jennifer Simons
EntityIndividual
Role
Vice President
Shares80
Max PriceUS$5.64
BuyUS$1,39931 Jul 18
Jennifer Simons
EntityIndividual
Role
Vice President
Shares248
Max PriceUS$5.64

Ownership Breakdown


Management Team

  • David Tucker (62yo)

    Treasurer & Assistant Secretary

    • Tenure: 20.2yrs
  • Gary Rich (59yo)

    Chairman

    • Tenure: 6.4yrs
    • Compensation: $2.56m
  • Jon-Al Duplantier (51yo)

    President of Rental Tools and Well Services

    • Tenure: 0.9yrs
    • Compensation: $1.14m
  • Mike Sumruld (47yo)

    Senior VP & CFO

    • Tenure: 1.4yrs
    • Compensation: $550.40k
  • Jason Geach

    Vice President of Investor Relations & Corporate Development

  • Bryan Collins (51yo)

    President of Drilling Operations

    • Tenure: 2.2yrs
    • Compensation: $642.14k
  • Nathaniel Dockray (38yo)

    Chief Accounting Officer

    • Tenure: 1.3yrs
  • Jennifer Simons

    Vice President

    • Tenure: 0.9yrs

Board Members

  • Jon Clarkson (68yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: $184.38k
  • Robert Parker (69yo)

    Non-Employee Director

    • Tenure: 45.5yrs
    • Compensation: $147.11k
  • Amr Selim (62yo)

    Director

    • Tenure: 4.0yrs
    • Compensation: $179.38k
  • Gary Rich (59yo)

    Chairman

    • Tenure: 4.8yrs
    • Compensation: $2.56m
  • Gary King (59yo)

    Independent Director

    • Tenure: 10.5yrs
    • Compensation: $154.38k
  • Peter Fontana (71yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: $169.38k
  • Richard Paterson (67yo)

    Presiding Director

    • Compensation: $184.38k

Company Information

Parker Drilling Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Parker Drilling Company
  • Ticker: PKDS.Q
  • Exchange: OTCPK
  • Founded: 1934
  • Industry: oil and gas drilling
  • Sector: energy
  • Market Cap: US$2.252m
  • Shares outstanding: 9.38m
  • Website: Click here

Number of Employees


Location

  • Parker Drilling Company
  • 5 Greenway Plaza
  • Suite 100
  • Houston
  • Texas
  • 77046
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PKDS.QOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 1970
PADDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1970
PKRD.QOTCPK (Pink Sheets LLC)CNV PFD SER AUSUSDFeb 2017

Biography

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  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/03/27 23:41
End of Day Share Price2019/03/26 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.