Parker Drilling Company

Preserves Potential to Offset Future Income Taxes with Net Operating Losses and Foreign Tax Credits As previously reported on July 12, 2018, Parker Drilling Company adopted a shareholder rights plan to protect the best interests of the Company and its stakeholders. Consistent with that objective, today the Company's Board of Directors unanimously voted to amend the Original Rights Plan to protect the potential future [...]

 Parker Drilling Company announced today that its Board of Directors has declared a cash dividend of $1.8125 per share on its 7.25% Series A Mandatory Convertible Preferred Stock, payable on September 30, 2018, to holders of record at the close of business on September 15, 2018.  The dividend is for the period beginning on June 30, 2018, and ending on September 29, 2018. Company Description Parker Drilling provides [...]

HOUSTON, Aug. 1, 2018 /PRNewswire/ -- Parker Drilling Company today announced results for the second quarter ended June 30, 2018, including a reported net loss of $23.8 million on revenues of $118.6 million. This equates to a loss of $2.56 per common share taking into account the 1-for-15 reverse stock split effective July 27, 2018, or a loss of $0.17 per common share on a pre-split basis. Second quarter Adjusted EBITDA [...]

HOUSTON, July 19, 2018 /PRNewswire/ -- Parker Drilling Company 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, 2018 at 10:00 a.m. Central Time . Those interested in listening to the call may do so by telephone or by audio webcast. By Webcast: Connect [...]

HOUSTON, July 12, 2018 /PRNewswire/ -- Parker Drilling Company 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 15 will be effective when the markets open on July 27, 2018, at which time the Company's common stock will begin trading on a split-adjusted [...]

HOUSTON, May 10, 2018 /PRNewswire/ -- Parker Drilling Company today declared a cash dividend of $1.8125 per share on its 7.25% Series A Mandatory Convertible Preferred Stock, payable on June 30, 2018, to holders of record at the close of business on June 15, 2018.  The dividend is for the period beginning on March 31, 2018, and ending on June 29, 2018. Company Description Parker Drilling provides drilling services and [...]

HOUSTON, May 1, 2018 /PRNewswire/ -- Parker Drilling Company today announced results for the first quarter ended March 31, 2018, including a reported net loss of $29.7 million, or a $0.21 loss per common share, on revenues of $109.7 million.  First quarter Adjusted EBITDA was $11.9 million. "Our first quarter results were down sequentially, primarily due to three significant events: a full quarter of zero rate from one [...]

HOUSTON, April 12, 2018 /PRNewswire/ -- Parker Drilling Company announced today it intends to report its first quarter 2018 results after the market closes on Tuesday, May 1, 2018. In conjunction with the release, the Company has scheduled a conference call on Wednesday, May 2, 2018 at 10:00 a.m. Central Time . Those interested in listening to the call may do so by telephone or by audio webcast. By Webcast: Connect to the [...]

HOUSTON, March 15, 2018 /PRNewswire/ -- Parker Drilling Company today announced that on March 14, 2018, Parker Drilling was notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of its common stock over a prior 30 consecutive trading day period had fallen below $1.00 per share, which is the minimum average closing price per share required to [...]

HOUSTON, Feb. 28, 2018 /PRNewswire/ -- Parker Drilling Company today declared a cash dividend of $1.8125 per share on its 7.25% Series A Mandatory Convertible Preferred Stock, payable on March 31, 2018, to holders of record at the close of business on March 15, 2018.  The dividend is for the period beginning on December 31, 2017, and ending on March 30, 2018. Company Description Parker Drilling provides drilling services [...]