Share on StockTwits

Rowan Companies PLC (NYSE:RDC) was upgraded by investment analysts at Tudor Pickering from a “hold” rating to an “accumulate” rating in a note issued to investors on Wednesday, reports.

Rowan Companies PLC (NYSE:RDC) opened at 32.53 on Wednesday. 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 $33.9 and its 200-day moving average is $35.67. The company has a market cap of $4.041 billion and a P/E ratio of 15.84.

Rowan Companies PLC (NYSE:RDC) last announced its earnings results on Tuesday, November 5th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.21 earnings per share. The company’s revenue for the quarter 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.

A number of other analysts have also recently weighed in on RDC. Analysts at Cowen and Company cut their price target on shares of Rowan Companies PLC from $37.00 to $35.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Separately, analysts at Jefferies Group cut their EPS estimates on shares of Rowan Companies PLC in a research note on Thursday. They now have a “buy” rating and a $41.00 price target on the stock. Finally, analysts at ISI Group downgraded shares of Rowan Companies PLC from a “strong-buy” rating to a “buy” rating in a research note to investors on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Rowan Companies PLC has a consensus rating of “Buy” and a consensus price target of $40.88.

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

The Fly On The Wall

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.