Intrinsic value of Parker Drilling - PKD

Previous Close

$1.50

  Intrinsic Value

$7.57

stock screener

  Rating & Target

str. buy

+405%

Previous close

$1.50

 
Intrinsic value

$7.57

 
Up/down potential

+405%

 
Rating

str. buy

We calculate the intrinsic value of PKD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
  5.32
  5.28
  5.26
  5.23
  5.21
  5.19
  5.17
  5.15
Revenue, $m
  479
  517
  556
  597
  639
  683
  729
  776
  826
  877
  931
  987
  1,045
  1,106
  1,169
  1,235
  1,304
  1,377
  1,452
  1,531
  1,613
  1,700
  1,790
  1,885
  1,984
  2,087
  2,196
  2,310
  2,429
  2,555
Variable operating expenses, $m
  603
  651
  700
  751
  804
  860
  917
  977
  1,039
  1,104
  1,170
  1,240
  1,313
  1,390
  1,469
  1,553
  1,639
  1,730
  1,825
  1,924
  2,028
  2,136
  2,250
  2,369
  2,493
  2,624
  2,760
  2,903
  3,053
  3,211
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  603
  651
  700
  751
  804
  860
  917
  977
  1,039
  1,104
  1,170
  1,240
  1,313
  1,390
  1,469
  1,553
  1,639
  1,730
  1,825
  1,924
  2,028
  2,136
  2,250
  2,369
  2,493
  2,624
  2,760
  2,903
  3,053
  3,211
Operating income, $m
  -124
  -134
  -144
  -155
  -165
  -177
  -189
  -201
  -213
  -227
  -239
  -253
  -268
  -284
  -300
  -317
  -335
  -354
  -373
  -393
  -414
  -437
  -460
  -484
  -510
  -536
  -564
  -593
  -624
  -656
EBITDA, $m
  8
  9
  9
  10
  11
  12
  12
  13
  14
  15
  16
  17
  18
  19
  20
  21
  22
  23
  25
  26
  27
  29
  30
  32
  34
  35
  37
  39
  41
  43
Interest expense (income), $m
  41
  45
  49
  53
  58
  63
  68
  73
  79
  85
  91
  97
  103
  110
  117
  125
  132
  140
  149
  157
  166
  176
  186
  196
  207
  219
  231
  243
  256
  270
  284
Earnings before tax, $m
  -169
  -183
  -198
  -213
  -229
  -245
  -262
  -280
  -298
  -317
  -336
  -357
  -379
  -401
  -425
  -450
  -475
  -502
  -530
  -560
  -590
  -622
  -656
  -691
  -728
  -767
  -807
  -850
  -894
  -941
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -169
  -183
  -198
  -213
  -229
  -245
  -262
  -280
  -298
  -317
  -336
  -357
  -379
  -401
  -425
  -450
  -475
  -502
  -530
  -560
  -590
  -622
  -656
  -691
  -728
  -767
  -807
  -850
  -894
  -941

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,030
  1,111
  1,195
  1,283
  1,374
  1,469
  1,567
  1,669
  1,776
  1,887
  2,002
  2,122
  2,247
  2,378
  2,514
  2,657
  2,805
  2,960
  3,123
  3,292
  3,470
  3,655
  3,850
  4,053
  4,266
  4,489
  4,723
  4,968
  5,225
  5,494
Adjusted assets (=assets-cash), $m
  1,030
  1,111
  1,195
  1,283
  1,374
  1,469
  1,567
  1,669
  1,776
  1,887
  2,002
  2,122
  2,247
  2,378
  2,514
  2,657
  2,805
  2,960
  3,123
  3,292
  3,470
  3,655
  3,850
  4,053
  4,266
  4,489
  4,723
  4,968
  5,225
  5,494
Revenue / Adjusted assets
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
  0.465
Average production assets, $m
  721
  778
  837
  898
  962
  1,028
  1,097
  1,169
  1,244
  1,321
  1,402
  1,486
  1,574
  1,665
  1,761
  1,860
  1,964
  2,073
  2,187
  2,306
  2,430
  2,560
  2,696
  2,838
  2,987
  3,144
  3,307
  3,479
  3,659
  3,847
Working capital, $m
  79
  85
  91
  98
  105
  112
  119
  127
  135
  144
  153
  162
  171
  181
  192
  203
  214
  226
  238
  251
  265
  279
  294
  309
  325
  342
  360
  379
  398
  419
Total debt, $m
  634
  694
  755
  819
  885
  954
  1,026
  1,101
  1,178
  1,259
  1,343
  1,431
  1,522
  1,617
  1,717
  1,820
  1,929
  2,042
  2,160
  2,284
  2,413
  2,549
  2,690
  2,838
  2,994
  3,156
  3,327
  3,505
  3,692
  3,889
Total liabilities, $m
  751
  810
  871
  935
  1,002
  1,071
  1,142
  1,217
  1,294
  1,375
  1,459
  1,547
  1,638
  1,734
  1,833
  1,937
  2,045
  2,158
  2,276
  2,400
  2,529
  2,665
  2,806
  2,955
  3,110
  3,273
  3,443
  3,622
  3,809
  4,005
Total equity, $m
  279
  301
  324
  348
  372
  398
  425
  452
  481
  511
  543
  575
  609
  644
  681
  720
  760
  802
  846
  892
  940
  991
  1,043
  1,098
  1,156
  1,217
  1,280
  1,346
  1,416
  1,489
Total liabilities and equity, $m
  1,030
  1,111
  1,195
  1,283
  1,374
  1,469
  1,567
  1,669
  1,775
  1,886
  2,002
  2,122
  2,247
  2,378
  2,514
  2,657
  2,805
  2,960
  3,122
  3,292
  3,469
  3,656
  3,849
  4,053
  4,266
  4,490
  4,723
  4,968
  5,225
  5,494
Debt-to-equity ratio
  2.270
  2.300
  2.330
  2.360
  2.380
  2.400
  2.420
  2.430
  2.450
  2.460
  2.480
  2.490
  2.500
  2.510
  2.520
  2.530
  2.540
  2.550
  2.550
  2.560
  2.570
  2.570
  2.580
  2.580
  2.590
  2.590
  2.600
  2.600
  2.610
  2.610
Adjusted equity ratio
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271
  0.271

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -169
  -183
  -198
  -213
  -229
  -245
  -262
  -280
  -298
  -317
  -336
  -357
  -379
  -401
  -425
  -450
  -475
  -502
  -530
  -560
  -590
  -622
  -656
  -691
  -728
  -767
  -807
  -850
  -894
  -941
Depreciation, amort., depletion, $m
  132
  143
  154
  165
  176
  188
  201
  214
  227
  242
  255
  270
  286
  303
  320
  338
  357
  377
  398
  419
  442
  465
  490
  516
  543
  572
  601
  633
  665
  699
Funds from operations, $m
  -36
  -40
  -44
  -48
  -52
  -57
  -61
  -66
  -71
  -76
  -81
  -87
  -92
  -98
  -105
  -111
  -118
  -125
  -133
  -140
  -149
  -157
  -166
  -175
  -185
  -195
  -206
  -217
  -229
  -241
Change in working capital, $m
  6
  6
  6
  7
  7
  7
  8
  8
  8
  8
  9
  9
  10
  10
  10
  11
  11
  12
  12
  13
  14
  14
  15
  16
  16
  17
  18
  19
  20
  21
Cash from operations, $m
  -42
  -46
  -50
  -55
  -59
  -64
  -69
  -74
  -79
  -84
  -90
  -96
  -102
  -108
  -115
  -122
  -129
  -137
  -145
  -153
  -162
  -171
  -181
  -191
  -201
  -212
  -224
  -236
  -248
  -262
Maintenance CAPEX, $m
  -121
  -131
  -141
  -152
  -163
  -175
  -187
  -200
  -213
  -226
  -240
  -255
  -270
  -286
  -303
  -320
  -338
  -357
  -377
  -398
  -419
  -442
  -465
  -490
  -516
  -543
  -572
  -601
  -633
  -665
New CAPEX, $m
  -54
  -57
  -59
  -61
  -64
  -66
  -69
  -72
  -75
  -78
  -81
  -84
  -88
  -91
  -95
  -100
  -104
  -109
  -114
  -119
  -124
  -130
  -136
  -142
  -149
  -156
  -164
  -172
  -180
  -188
Cash from investing activities, $m
  -175
  -188
  -200
  -213
  -227
  -241
  -256
  -272
  -288
  -304
  -321
  -339
  -358
  -377
  -398
  -420
  -442
  -466
  -491
  -517
  -543
  -572
  -601
  -632
  -665
  -699
  -736
  -773
  -813
  -853
Free cash flow, $m
  -218
  -234
  -251
  -268
  -286
  -305
  -325
  -345
  -366
  -388
  -411
  -435
  -460
  -486
  -513
  -542
  -572
  -603
  -636
  -670
  -705
  -743
  -782
  -823
  -866
  -912
  -959
  -1,009
  -1,061
  -1,115
Issuance/(repayment) of debt, $m
  56
  59
  61
  64
  66
  69
  72
  75
  78
  81
  84
  88
  91
  95
  99
  104
  108
  113
  118
  124
  129
  135
  142
  148
  155
  163
  170
  179
  187
  196
Issuance/(repurchase) of shares, $m
  190
  205
  220
  237
  253
  271
  289
  308
  327
  347
  367
  389
  413
  437
  462
  488
  516
  544
  574
  606
  638
  673
  709
  746
  786
  827
  871
  916
  964
  1,013
Cash from financing (excl. dividends), $m  
  246
  264
  281
  301
  319
  340
  361
  383
  405
  428
  451
  477
  504
  532
  561
  592
  624
  657
  692
  730
  767
  808
  851
  894
  941
  990
  1,041
  1,095
  1,151
  1,209
Total cash flow (excl. dividends), $m
  29
  30
  31
  32
  33
  35
  36
  37
  39
  40
  40
  42
  44
  46
  48
  50
  52
  54
  57
  60
  62
  65
  68
  71
  75
  78
  82
  86
  90
  94
Retained Cash Flow (-), $m
  -190
  -205
  -220
  -237
  -253
  -271
  -289
  -308
  -327
  -347
  -367
  -389
  -413
  -437
  -462
  -488
  -516
  -544
  -574
  -606
  -638
  -673
  -709
  -746
  -786
  -827
  -871
  -916
  -964
  -1,013
Prev. year cash balance distribution, $m
  38
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -123
  -175
  -189
  -204
  -220
  -236
  -253
  -270
  -288
  -307
  -327
  -347
  -369
  -391
  -414
  -438
  -463
  -490
  -517
  -546
  -576
  -608
  -641
  -675
  -711
  -749
  -789
  -830
  -873
  -919
Discount rate, %
  9.40
  9.87
  10.36
  10.88
  11.43
  12.00
  12.60
  13.23
  13.89
  14.58
  15.31
  16.08
  16.88
  17.73
  18.61
  19.54
  20.52
  21.54
  22.62
  23.75
  24.94
  26.19
  27.50
  28.87
  30.32
  31.83
  33.42
  35.09
  36.85
  38.69
PV of cash for distribution, $m
  -113
  -145
  -141
  -135
  -128
  -120
  -110
  -100
  -89
  -79
  -68
  -58
  -49
  -40
  -32
  -25
  -19
  -15
  -11
  -8
  -5
  -4
  -2
  -2
  -1
  -1
  0
  0
  0
  0
Current shareholders' claim on cash, %
  48.8
  23.8
  11.6
  5.7
  2.8
  1.4
  0.7
  0.3
  0.2
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

Parker Drilling Company (Parker Drilling) is a provider of contract drilling, and drilling-related services and rental tools and services. The Company's business consists of two business lines: drilling services and rental tools services. Its Rental Tools Services business includes U.S. Rental Tools and International Rental Tools segments, and its Drilling Services business includes its U.S. (Lower 48) Drilling, and International & Alaska Drilling segments. In its Drilling Services business, the Company drills oil and gas wells for customers in both the United States and international markets. In its Rental Tools Services business, the Company provides rental equipment and services to exploration and production (E&P) companies, drilling contractors and service companies on land and offshore in the United States and select international markets. As of December 31, 2016, the Company had operations in 20 countries.

FINANCIAL RATIOS  of  Parker Drilling (PKD)

Valuation Ratios
P/E Ratio -0.8
Price to Sales 0.4
Price to Book 0.6
Price to Tangible Book
Price to Cash Flow 8.9
Price to Free Cash Flow -23.5
Growth Rates
Sales Growth Rate -40%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -67%
Cap. Spend. - 3 Yr. Gr. Rate -28.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 169.9%
Total Debt to Equity 169.9%
Interest Coverage -3
Management Effectiveness
Return On Assets -13.8%
Ret/ On Assets - 3 Yr. Avg. -4.6%
Return On Total Capital -22.4%
Ret/ On T. Cap. - 3 Yr. Avg. -9.4%
Return On Equity -50.9%
Return On Equity - 3 Yr. Avg. -20.8%
Asset Turnover 0.3
Profitability Ratios
Gross Margin -17.6%
Gross Margin - 3 Yr. Avg. 0.8%
EBITDA Margin 5.6%
EBITDA Margin - 3 Yr. Avg. 15.8%
Operating Margin -26%
Oper. Margin - 3 Yr. Avg. -6.4%
Pre-Tax Margin -36.8%
Pre-Tax Margin - 3 Yr. Avg. -13.9%
Net Profit Margin -54.1%
Net Profit Margin - 3 Yr. Avg. -21.6%
Effective Tax Rate -47.1%
Eff/ Tax Rate - 3 Yr. Avg. -8.9%
Payout Ratio 0%

PKD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the PKD stock intrinsic value calculation we used $442.52 million for the last fiscal year's total revenue generated by Parker Drilling. The default revenue input number comes from 0001 income statement of Parker Drilling. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our PKD stock valuation model: a) initial revenue growth rate of 8.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.4%, whose default value for PKD is calculated based on our internal credit rating of Parker Drilling, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Parker Drilling.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of PKD stock the variable cost ratio is equal to 126%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for PKD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.7% for Parker Drilling.

Corporate tax rate of 27% is the nominal tax rate for Parker Drilling. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the PKD stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for PKD are equal to 150.6%.

Life of production assets of 5.5 years is the average useful life of capital assets used in Parker Drilling operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for PKD is equal to 16.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $296.121 million for Parker Drilling - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 9.318 million for Parker Drilling is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Parker Drilling at the current share price and the inputted number of shares is $0.0 billion.

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COMPANY NEWS

▶ Parker Drilling: 3Q Earnings Snapshot   [Nov-05-18 06:19PM  Associated Press]
▶ Parker Drilling: 2Q Earnings Snapshot   [Aug-02-18 05:03AM  Associated Press]
▶ Parker Drilling Reports 2018 Second Quarter Results   [Aug-01-18 05:21PM  PR Newswire]
▶ [$$] Parker Drilling Commences Talks With Bondholders   [Jun-26-18 08:00PM  The Wall Street Journal]
▶ [$$] Parker Drilling Commences Talks With Bondholders   [04:19PM  The Wall Street Journal]
▶ Parker Drilling: 1Q Earnings Snapshot   [May-01-18 05:15PM  Associated Press]
▶ Parker Drilling Company to Host Earnings Call   [Feb-15-18 09:20AM  ACCESSWIRE]
▶ Parker Drilling reports 4Q loss   [Feb-14-18 05:15PM  Associated Press]
▶ Earnings Preview For Parker Drilling   [10:50AM  Benzinga]
▶ Parker Drilling reports 3Q loss   [Nov-02-17 05:50AM  Associated Press]
▶ Parker Drilling Reports 2017 Third Quarter Results   [Nov-01-17 04:30PM  PR Newswire]
▶ Parker Drilling Company Grants Equity Inducement Award   [Oct-03-17 04:30PM  PR Newswire]
▶ Houston-based drilling co. hires former LyondellBasell, Baker Hughes exec as CFO   [Sep-25-17 05:35PM  American City Business Journals]
▶ Parker Drilling Announces Director Retirement   [Aug-21-17 04:30PM  PR Newswire]
▶ Parker Drilling reports 2Q loss   [Aug-03-17 05:39PM  Associated Press]
▶ Parker Drilling Reports 2017 Second Quarter Results   [Aug-02-17 04:30PM  PR Newswire]
▶ LD Micro Index Reconstitution as of August 1, 2017   [Aug-01-17 09:40AM  ACCESSWIRE]
▶ ETFs with exposure to Parker Drilling Co. : July 7, 2017   [Jul-07-17 03:23PM  Capital Cube]
▶ ETFs with exposure to Parker Drilling Co. : June 14, 2017   [Jun-14-17 01:44PM  Capital Cube]
▶ Halliburton hires CFO from Houston drilling co.   [Jun-12-17 07:25PM  American City Business Journals]
▶ ETFs with exposure to Parker Drilling Co. : June 2, 2017   [Jun-02-17 02:25PM  Capital Cube]
▶ Top 5 Small-Cap Oil Stocks for 2017   [Jun-01-17 06:00AM  Investopedia]
▶ ETFs with exposure to Parker Drilling Co. : May 23, 2017   [May-23-17 01:03PM  Capital Cube]
▶ ETFs with exposure to Parker Drilling Co. : May 11, 2017   [May-11-17 05:20PM  Capital Cube]
▶ Parker Drilling reports 1Q loss   [May-03-17 05:02AM  Associated Press]
▶ Parker Drilling Reports 2017 First Quarter Results   [May-02-17 04:30PM  PR Newswire]
▶ ETFs with exposure to Parker Drilling Co. : April 7, 2017   [Apr-07-17 05:17PM  Capital Cube]

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