An investigation on behalf of investors in NYSE:PKD shares over potential wrongdoing at Parker Drilling was announced and NYSE:PKD stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/03/2015 -- An investigation for long-term investors in NYSE:PKD shares was announced over potential breaches of fiduciary duties by certain Parker Drilling officers and directors.
Investors who purchased shares of Parker Drilling Company (NYSE:PKD) in 2007 or ealier and currently hold any of those NYSE:PKD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Parker Drilling Company (NYSE:PKD) concerning whether certain statements regarding Parker Drilling's business, its prospects and its operations were materially false and misleading at the time they were made. More specifically the investigation concerns whether certain Parker Drilling officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Parker Drilling Company reported that its annual Total Revenue rose from $677.76 million in 2012 to $874.17 million in 2013 while its Net Income declined from $37.31 million in 2012 to $27.02 million in 2013. Shares of Parker Drilling Company (NYSE:PKD) declined from $8.41 per share in November 2013 to as low as $2.66 per share on January 20, 2015.
On Janaury 30, 2015, NYSE: PKD shares closed at $2.71 per share.
Those who purchased shares of Parker Drilling Company (NYSE:PKD), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com