Parker Drilling Co
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Company profile

Parker Drilling Company is a provider of contract drilling, drilling-related services and rental tools. Its business consists of two business lines: rental tools services and drilling 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 rental tools services business, the Company provides rental equipment and services to exploration and production companies, drilling contractors, and service companies on land and offshore in the United States and select international markets. In its drilling services business, the Company drills oil, natural gas, and geothermal wells for customers globally. It also provides well construction services, which include tubular running services and downhole tools, and well intervention services, which include whipstock, fishing and related services.

Closing Price
$6.25
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
6.25
Day's Low
6.25
Volume
(Light)
Volume:
103

10-day average volume:
390
103

American Airlines shares jump 2.2% premarket after airline raises its Q4 guidance

7:54 am ET January 11, 2022 (MarketWatch)
Print

American Airlines Group Inc. shares (AAL) jumped 2.2% in premarket trade Tuesday, after the airline updated its fourth-quarter guidance to reflect a less bad than expected performance. American said it now expects revenue to be down about 17% compared with the fourth quarter of 2019, before the start of the pandemic, better than previous guidance of down 20%. The company flew 61.1 billion total available seat miles in the quarter, down 13% versus the prior guidance of down 11% to 13%. The company expects cost per available seat mile, or CASM, a measurement of efficiency, to be up 13% to 14% compared to the fourth quarter of 2019, compared with earlier guidance of up 8% to 10%. "This change versus previous guidance is mainly due to lower capacity, the Company's fourth quarter holiday operational incentive program, and a write down of excess spare parts inventory," the company said in a regulatory filing. It expects its liquidity to stand at about $15.8 billion at quarter end. Shares have gained 25% in the last 12 months, while the U.S. Global JETS ETF (JETS) has gained 0.1% and the S&P 500 has gained 22%.

-Ciara Linnane

	

(END) Dow Jones Newswires

January 11, 2022 07:54 ET (12:54 GMT)

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