Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: PuddleGlum who wrote (8138)	1/14/1998 10:05:00 PM
From: Thean	Read Replies (1) of 95453

PKD is on a roll. Its Oklahoma play (one of the best land dayrate going forward) is paying off for them. See story below. Johnson Rice Raises Estimates on Parker Drilling NEW ORLEANS, Jan. 14 /PRNewswire/ -- Johnson Rice's Oilfield Services Analyst Joe Agular raised his estimates today on Parker Drilling (NYSE: PKD - news). Mr. Agular's estimate changes are based on strong first quarter results, improving dayrates and continued strong demand in all of Parker's segments. Johnson Rice's new fiscal 1998 estimates for Parker Drilling are $0.80 in EPS, $1.41 in cash flow and $190 million in EBITDA (up from $0.71, $1.35 and $174 million). Oklahoma-based Parker Drilling provides contract drilling and drilling- related services in offshore waters and international and domestic land and gas producing regions.

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