How Stochastic %D predicts the worthiness of Parker Drilling Co. (NYSE:PKD)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Parker Drilling Co. (NYSE:PKD) for the period of 9-Day stands at 30.23% while the stochastic %D for the same period stands at 41.4%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Parker Drilling Co. (NYSE:PKD) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Parker Drilling Co. (NYSE:PKD) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Parker Drilling Co. (NYSE:PKD)’s 20-Day Bollinger Band indicates “Sell”.

About Company

Parker Drilling Company provides high-performance contract drilling solutions, rental tools and project management services to the worldwide energy industry.

Previous Day Activity Analysis

On the last trading day, Parker Drilling Co. (NYSE:PKD) opened the session at $1 and after going up 2.98% closed at $0.98. The stock lost -0.02 points in the last trade.

Parker Drilling Co. (NYSE:PKD)’s stock fluctuated in the range of $0.970 and $1.050 during the previous active session. Parker Drilling Co. (NYSE:PKD) traded with the volume of 1.02 Million with average volume of 395.24 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.55 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.08 and 34.69 respectively.

Currently the Insider Ownership of the shares of Parker Drilling Co. (NYSE:PKD) is at 2.1% and the shares outstanding are 134.25 Million.

Important Ratio Analysis

Some important ratios to consider here for Parker Drilling Co. (NYSE:PKD) are discussed below:

Dividend yield of Parker Drilling Co. (NYSE:PKD) stands at 0% whereas Price to Earnings P/E ratio stands at 0 while Forward P/E shows the value of 0.

The PEG ratio (Price to Earning to Growth) emits the value of 0. The Price to Sale P/S and Price to Book P/B shows the value of 0.33 and 0.39 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 0.9 and 0 correspondingly.

The Quick Ratio of Parker Drilling Co. (NYSE:PKD) stands at 2.6 while the Current Ratio depicts the value of 2.9.

Return on Assets ROA of Parker Drilling Co. (NYSE:PKD) is at -14.7% whereas, Return on Equity ROE and Return of Investment ROI of Parker Drilling Co. (NYSE:PKD) stand at -46.1% and -20.3% respectively.

Stock Performance Analysis

The stock performance of Parker Drilling Co. (NYSE:PKD) on the basis of 5 day trade show the dip of -18.48% whereas, the monthly performance of the stock shows decrease of -14.93%.

The quarterly performance of the stock remained in red zone with the value of -24.75% while six month performance of the shares of Parker Drilling Co. (NYSE:PKD) remained bearish with the count of -38.86%.

The yearly and YTD performance of Parker Drilling Co. (NYSE:PKD) remained down at -57.47% and -62.37% respectively.