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.
Type | Public | |
Founded | 1934 | |
HQ | Houston, TX, US | Map |
Website | parkerdrilling.com | |
Employee Ratings | More |
USD | |
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Revenue (Q1, 2019) | 157.4m |
Net income (Q1, 2019) | (90.2m) |
EBIT (Q1, 2019) | (89.3m) |
Market capitalization (8-Apr-2020) | 215.6m |
Closing stock price (8-Apr-2020) | 7.0 |
Cash (31-Dec-2019) | 105.0m |
EV | 288.5m |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 | Q1, 2019 |
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Revenue | 172.8m | 176.6m | 176.6m | 178.9m | 165.3m | 167.2m | 226.0m | 237.8m | 229.2m | 254.2m | 242.0m | 204.1m | 185.9m | 173.4m | 130.5m | 105.3m | 97.2m | 98.3m | 109.6m | 109.7m | 228.3m | 157.4m |
Cost of goods sold | 131.9m | 126.5m | ||||||||||||||||||||
Gross profit | 40.9m | 50.1m | ||||||||||||||||||||
Gross profit Margin, % | 24% | 28% |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 67.5m | 103.1m | 69.0m | 77.5m | 114.1m | 83.7m | 69.6m | 162.5m | 93.1m | 86.4m | 78.3m | 113.2m | 116.9m | 104.7m | 108.4m | 109.0m | 103.6m | 149.7m | 146.2m | 118.3m | 114.5m | 127.8m |
Accounts Receivable | 183.2m | 176.6m | 191.2m | 176.2m | 160.4m | 187.6m | 251.4m | 249.6m | 264.4m | 258.6m | 264.8m | 279.4m | 235.8m | 175.4m | 153.2m | 130.6m | 118.1m | 120.1m | 126.7m | 168.4m | ||
Prepaid Expenses | 13.7m | 12.2m | 8.6m | 12.4m | 12.2m | 12.7m | 19.8m | 20.9m | 20.2m | 26.7m | 23.5m | 19.0m | 21.0m | 24.4m | 26.8m | 22.5m | 23.1m | 25.7m | 20.4m | 19.6m | ||
Inventories | 25.2m | 28.5m | 25.4m | 24.2m | 22.9m | 29.4m | 39.2m | 40.2m | 44.5m | 45.5m | 45.8m | 50.3m | 44.3m | 36.5m | 32.6m | 32.7m | 35.1m | 35.3m | 31.8m | 17.8m |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 |
---|---|---|---|---|---|---|---|---|
Net Income | (50.5m) | 37.3m | 27.2m | 24.5m | (94.3m) | (230.8m) | (118.7m) | (165.7m) |
Depreciation and Amortization | 112.1m | 113.0m | 134.1m | 145.1m | 156.2m | 139.8m | 122.4m | 107.5m |
Accounts Payable | (24.9m) | (2.7m) | (286.0k) | 27.2m | (27.4m) | (19.5m) | (8.7m) | (9.5m) |
Cash From Operating Activities | 225.9m | 189.7m | 161.5m | 202.5m | 162.1m | 21.3m | 6.7m | (17.0m) |
USD | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q1, 2018 | Q2, 2018 | Q1, 2019 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 19.0m | 39.7m | 26.4m | 46.5m | 57.4m | 592.0k | 8.9m | 16.8m | (12.5m) | 3.1m | 15.7m | 3.2m | (10.8m) | (58.6m) | (95.8m) | (135.7m) | (181.9m) | (39.8m) | (69.7m) | (28.8m) | (51.7m) | (90.2m) |
Depreciation and Amortization | 54.9m | 82.5m | 27.6m | 55.6m | 85.4m | 29.5m | 61.8m | 97.7m | 34.3m | 70.5m | 106.7m | 40.5m | 78.9m | 118.5m | 35.8m | 72.1m | 106.6m | 32.2m | 63.2m | 28.5m | 55.7m | 25.1m |
Accounts Payable | (15.8m) | (18.0m) | (6.0m) | 55.8m | ||||||||||||||||||
Cash From Operating Activities | 95.9m | 178.7m | 35.8m | 95.5m | 178.0m | 27.2m | 45.9m | 125.3m | 31.6m | 103.6m | 144.4m | 67.2m | 103.1m | 108.9m | (15.3m) | 602.0k | (857.0k) | (27.6m) | (17.6m) | (12.2m) | 8.0m | 14.9m |
USD | Q2, 2011 |
---|---|
Financial Leverage | 2.1 x |
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.
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