Report

An unfavourable environment weighs on PARKER DRILLING CO., which sees a downgrade to Negative

The independent financial analyst theScreener just requalified the general evaluation of PARKER DRILLING CO. (US), active in the Oil Equipment & Services industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Negative. As of the analysis date May 25, 2018, the closing price was USD 0.48 and its target price was estimated at USD 0.45.
Underlying
Parker Drilling Co.

Parker Drilling is a provider of contract drilling and drilling-related services and rental tools and services. The company has two business lines: Drilling Services, which drills oil and natural gas wells for customers in both the U.S. and international markets; and Rental Tools Services, which provides rental equipment and services to exploration and production companies, drilling contractors and service companies on land and offshore in the U.S. and select international markets. Tools provided include drill pipe, tubing, pressure control equipment, and drill collars. The company also provides well construction services such as tubular running services and downhole tools, and well intervention services.

Provider
TheScreener
TheScreener

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