Parker Drilling Company

HOUSTON, Aug. 2, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the second quarter ended June 30, 2016, including a reported net loss of $39.8 million, or a $0.32 loss per share, on revenues of $105.3 million.  Second quarter adjusted EBITDA was $8.1 million, compared with $12.6 million for the preceding quarter. "The current business environment continues to be very challenging [...]

HOUSTON, July 18, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today it intends to report its second quarter 2016 results after the market closes on Tuesday, August 2, 2016. In conjunction with the release, the Company has scheduled a conference call on Wednesday, August 3, 2016 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Those interested in listening to the call may do so by telephone or [...]

HOUSTON, July 11, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today the passing of Robert L. Parker, Sr., the Company's Chairman of the Board from 1969 until 2006. Mr. Parker, 92, died in Tulsa, Oklahoma on Saturday, July 9, 2016. Mr. Parker joined Parker Drilling in 1947 and retired in 2006 after 59 years of service. The son of the Company's founder, Mr. Parker was a visionary in the drilling [...]

HOUSTON, June 1, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced it has agreed to terms with its lenders on an amendment to its 2015 Secured Credit Agreement (the "Amendment").  The terms of the Amendment provide covenant relief and flexibility to help navigate the prolonged industry downturn.  The Company has no borrowings outstanding under the facility and as of March 31, 2016 had $12.8 million [...]

HOUSTON, May 26, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today that its customer awarded an extension and additional rig to its operations and maintenance (O&M) contract on Sakhalin Island, Russia. The prior contract term was set to expire in the third quarter of 2017 and covered operating and maintaining three customer-owned rigs in support of the Sakhalin-1 Project. The O&M contract term now [...]

NEW YORK, May 26, 2016 /PRNewswire/ -- The Oil and Gas Equipment and Services space, with its ups and downs, still surprises with opportunities. So today, ActiveWallSt.com has decided to shift focus back on the industry, and today's picks are: Seventy Seven Energy Inc. (NYSE: SSE), Forum Energy Technologies Inc. (NYSE: FET), Core Laboratories N.V. (NYSE: CLB), and Parker Drilling Co. (NYSE: PKD). To access our alert [...]

HOUSTON, May 3, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today announced results for the first quarter ended March 31, 2016, including a reported net loss of $95.8 million, or a $0.78 loss per share, on revenues of $130.5 million.  The net loss includes a $73.1 million non-cash valuation allowance taken primarily against U.S. domestic deferred tax assets largely consisting of U.S. federal net operating [...]

HOUSTON, April 25, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today it intends to report its first quarter 2016 results after the market closes on Tuesday, May 3, 2016. In conjunction with the release, the Company has scheduled a conference call on Wednesday, May 4, 2016 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Those interested in listening to the call may do so by telephone or by [...]

HOUSTON, Feb. 17, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) today reported results for the quarter ended December 31, 2015, including a net loss of $35.6 million, or $(0.29) per share, on revenues of $148.7 million. The net loss included the following pre-tax charges: * $6.1 million of asset and inventory write-offs, which include $4.8 million to reduce the carrying value of two rigs and $1.3 million in [...]

HOUSTON, Jan. 28, 2016 /PRNewswire/ -- Parker Drilling Company (NYSE: PKD) announced today that its 2016 Annual Shareholders' Meeting will be held at the DoubleTree by Hilton Hotel located at 6 East Greenway Plaza, Houston, Texas 77046 on Tuesday, May 10, 2016 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). Parker Drilling provides drilling services and rental tools to the energy industry. The Company's Drilling [...]