I usually EQ out a little between 6-700 to get rid of that skanky ring sound, but I'm usually going for a more mellow or thicker sound than most of the guys here that do a lot of metal action. I dig reall old school classic rock drums sounds, but whatever.
For compression, I usually start with 5:1 ratio, 20ms attack, almost instant release then tweak around and see what it sounds like.
I love using parallel compression too. Usually just for the kick and snare, but i sometimes send all drums and completely crush them to hell and mix them in as well.
It's all just experimenting and finding what works well for the particular song. Focus on the "groove" and feel should be the most important factor with drums. If it sounds huge as fuck but doesn't groove; i don't wanna hear it.