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Parker Drilling Co (PKD.N)

PKD.N on New York Stock Exchange

2.65USD
20 Jan 2017
Change (% chg)

$0.05 (+1.92%)
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$2.60
Open
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$2.60
Volume
106,915
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125,984
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$3.16
52-wk Low
$0.98

Latest Key Developments (Source: Significant Developments)

Parker drilling q2 loss per share $0.32 including items
Tuesday, 2 Aug 2016 04:25pm EDT 

Parker Drilling Co : Q2 loss per share $0.32 including items . Contracted backlog increased from $228 million at end of q1 to $446 million as of june 30 . Currently have nearly $200 million in liquidity with $109 million in cash and an undrawn revolver . Q2 earnings per share view $-0.35, revenue view $105.3 million -- Thomson Reuters I/B/E/S .Revenues for 2016 q2, compared with 2016 q1, decreased 19.3 percent to $105.3 million.  Full Article

Parker Drilling says customer extended Sakhalin O&M contract
Thursday, 26 May 2016 04:30pm EDT 

Parker Drilling Co : Says O&M contract term now extends through June 2019 . Extension, inclusive of additional new rig, is expected to add in excess of $180 million in revenue backlog over course of contract .Parker Drilling announces extension of Sakhalin O&M contract and addition of a new o&m rig.  Full Article

Parker Drilling says DOJ has filed a motion to dismiss Nigerian bribery case
Monday, 23 May 2016 11:57am EDT 

: DOJ filed a motion to dismiss case with U.S. District court based on determination co had complied with obligations under DPA . DOJ filed motion on May 20, 2016, to dismiss Nigerian bribery case related to company .DOJ determined that company had complied with all of its obligations under deferred prosecution agreement.  Full Article

Parker Drilling says one Arctic-class drilling rig in Alaska placed on standby in Q1
Monday, 16 May 2016 09:31am EDT 

Parker Drilling Co : In form 10-Q filed on May 5, 2016, stated one of our two Arctic-class drilling rigs in Alaska was placed on standby in Q1 . On May 10, 2016, reached agreement with customer to keep rig contracted through end of original contract term, which is Dec 2017 . Rig currently remains on standby and is positioned for future drilling activity should customer elect to restart operations .Says financial results are not materially impacted by this change - SEC filing.  Full Article