OverviewSuggest Edit

Parker Drilling (NYSE:PKD) provides advanced drilling solutions to the energy industry. We are a technically innovative company providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management.

Parker's international fleet includes 21 land rigs and one offshore barge rig, and it's U.S. fleet includes 13 barge rigs in the U.S. Gulf of Mexico and two land rigs in Alaska. Parker's rental tools business supplies premium equipment to operators on land and offshore in the U.S. and select international markets. Parker's project management business includes multiple contracts for the design, construction or operation of customer-owned rigs, including operation of extended-reach-drilling land rigs (also designed and built by Parker) and an offshore drilling platform.

Founded in 1934, Parker has set numerous world records for deep and extended-reach drilling and is an industry leader in safety performance. We leverage our technical and safety leadership, cultivated through decades of project execution in new and emerging global markets, to enhance the efficiencies of our customers' drilling programs.

HQHouston, TX, US
Employee Ratings3.5

Latest Updates

Employees (est.) (Dec 2019)2,670(+11%)
Revenue (FY, 2018)$480.8 M(+9%)
Share Price (Apr 2020)$7
Cybersecurity ratingCMore

Key People/Management at Parker Drilling

Eugene Davis

Eugene Davis

Non-Executive Chairman
Michael W. Sumruld

Michael W. Sumruld

Senior Vice President, Chief Financial Officer
Bryan R. Collins

Bryan R. Collins

Senior Vice President, Global Business Development
Jennifer F. Simons

Jennifer F. Simons

Senior Vice President, Chief Administrative Officer, General Counsel & Corporate Secretary
Nathaniel C. Dockray

Nathaniel C. Dockray

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Parker Drilling Office Locations

Parker Drilling has offices in Houston, Anchorage, Canonsburg, Evanston and in 25 other locations
Houston, TX, US (HQ)
5 Greenway Plaza #100
Anchorage, AK, US
1420 E Tudor Rd
Canonsburg, PA, US
6000 Town Center Blvd #230
Evanston, WY, US
83 Allegiance Cir
Houston, TX, US
15401 Vantage Pkwy W #100
Lafayette, LA, US
205 Marcon Dr
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Parker Drilling Financials and Metrics

Parker Drilling Revenue

Parker Drilling's revenue was reported to be $480.82 m in FY, 2018

Revenue (Q1, 2019)


Net income (Q1, 2019)


EBIT (Q1, 2019)


Market capitalization (8-Apr-2020)


Closing stock price (8-Apr-2020)


Cash (31-Dec-2019)



Parker Drilling's current market capitalization is $215.6 m.
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USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018Q1, 2019



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USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

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Cash From Operating Activities

USDQ2, 2011

Financial Leverage

2.1 x
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Parker Drilling Cybersecurity Score

Cybersecurity ratingPremium dataset



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Parker Drilling Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset


out of 100

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Parker Drilling Online and Social Media Presence

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Parker Drilling News and Updates

Parker Drilling Company Appoints Sandy Esslemont President, Chief Executive Officer and Member of the Board of Directors

HOUSTON, March 23, 2020 /PRNewswire/ -- Parker Drilling Company ("Parker" or the "Company") today announced that its Board of Directors, following a global search led by Heidrick & Struggles, has appointed Sandy Esslemont, a veteran of the oil & gas industry, to serve as President and...

Parker Drilling Files Revised Preliminary Proxy Statement Proposing Range of Stock Split Ratios to Reduce Number of Stockholders of Record Below 300

HOUSTON, Oct. 21, 2019 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) ("Parker" or the "Company") announced today that it has filed a revised preliminary proxy statement with the Securities and Exchange Commission (the "SEC") relating to a proposal by its Board of Directors (the...

Parker Drilling v. Newton and the Uncertainties of Wage-Hour Law

As no less a public figure than Sen. Bernie Sanders (I-Vt.) has ironically been discovering lately, it’s not easy for an employer to comply with wage and hour law these days. For another illustration as to why that is, consider last month’s unanimous Supreme Court ruling reversing the Ninth Circuit …

Parker Drilling Reports 2019 First Quarter Results

HOUSTON, May 7, 2019 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the first quarter ended March 31, 2019, which included a net loss of $90.2 million, or a $9.63 loss per common share on revenues of $157.4 million. First quarter Adjusted EBITDA was $28.4...

Parker Drilling Announces First Quarter 2019 Earnings Release and Conference Call Schedule

HOUSTON, April 25, 2019 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today it intends to report its first quarter 2019 results after the market closes on Tuesday, May 7, 2019. In conjunction with the release, the Company has scheduled a conference call on Wednesday, May...

Parker Drilling Successfully Completes Restructuring Process

HOUSTON, March 26, 2019 /PRNewswire/ -- Parker Drilling Company ("Parker" or the "Company") today announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection. Parker moves forward with a stronger financial position, having reduced total...
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Parker Drilling Blogs

Parker Drilling Announces Second Quarter 2018 Earnings Release and Conference Call Schedule

HOUSTON, July 19, 2018 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today it intends to report its second quarter 2018 results after the market closes on Wednesday, August 1, 2018. In conjunction with the release, the Company has scheduled a conference call on Thursday, August 2, …

Parker Drilling Implements Reverse Stock Split and Adopts Short-Term Shareholder Rights Plan

HOUSTON, July 12, 2018 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today that its Board of Directors has voted to implement a previously-approved reverse stock split and adopt a short-term shareholder rights plan. Reverse Stock Split The reverse stock split at a ratio of 1 for…

Parker Drilling Frequently Asked Questions

  • When was Parker Drilling founded?

    Parker Drilling was founded in 1934.

  • Who are Parker Drilling key executives?

    Parker Drilling's key executives are Eugene Davis, Michael W. Sumruld and Bryan R. Collins.

  • How many employees does Parker Drilling have?

    Parker Drilling has 2,670 employees.

  • What is Parker Drilling revenue?

    Latest Parker Drilling annual revenue is $480.8 m.

  • What is Parker Drilling revenue per employee?

    Latest Parker Drilling revenue per employee is $180.1 k.

  • Who are Parker Drilling competitors?

    Competitors of Parker Drilling include Northern Offshore, SPT Energy Group and AGI.

  • Where is Parker Drilling headquarters?

    Parker Drilling headquarters is located at 5 Greenway Plaza #100, Houston.

  • Where are Parker Drilling offices?

    Parker Drilling has offices in Houston, Anchorage, Canonsburg, Evanston and in 25 other locations.

  • How many offices does Parker Drilling have?

    Parker Drilling has 33 offices.