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Rowan Companies PLC (NYSE:RDC) shares hit a new 52-week low on Friday , Analyst Ratings Network.com reports. The stock traded as low as $30.18 and last traded at $30.50, with a volume of 1,032,160 shares trading hands. The stock had previously closed at $30.73.

A number of analysts have recently weighed in on RDC shares. Analysts at Barclays cut their price target on shares of Rowan Companies PLC from $48.00 to $44.00 in a research note on Tuesday. Separately, analysts at Morgan Stanley downgraded shares of Rowan Companies PLC from an “equal weight” rating to an “underweight” rating in a research note on Monday. They now have a $33.00 price target on the stock, down previously from $42.00. Finally, analysts at Societe Generale cut their price target on shares of Rowan Companies PLC from $41.00 to $38.00 in a research note on Friday, March 21st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Rowan Companies PLC has an average rating of “Hold” and a consensus price target of $39.56.

The stock’s 50-day moving average is $32.55 and its 200-day moving average is $34.2. The company has a market cap of $3.763 billion and a price-to-earnings ratio of 15.14.

Rowan Companies PLC (NYSE:RDC) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.01. The company had revenue of $393.40 million for the quarter, compared to the consensus estimate of $389.21 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Rowan Companies PLC will post $2.57 earnings per share for the current fiscal year.

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

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