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Rowan Companies PLC (NYSE:RDC) was downgraded by equities research analysts at ISI Group from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.

Shares of Rowan Companies PLC (NYSE:RDC) opened at 32.75 on Monday. Rowan Companies PLC has a 52-week low of $30.21 and a 52-week high of $38.65. The stock’s 50-day moving average is $33.96 and its 200-day moving average is $35.64. The company has a market cap of $4.069 billion and a price-to-earnings ratio of 15.89.

Rowan Companies PLC (NYSE:RDC) last released its earnings data on Tuesday, November 5th. The company reported $0.42 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.01. The company had revenue of $382.80 million for the quarter, compared to the consensus estimate of $382.90 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Rowan Companies PLC will post $1.97 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at RBC Capital upgraded shares of Rowan Companies PLC from a “sector perform” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $40.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Rowan Companies PLC from $45.00 to $43.00 in a research note to investors on Tuesday, January 7th. Finally, analysts at Zacks downgraded shares of Rowan Companies PLC from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 19th. They now have a $31.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $41.31.

Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.

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