Rowan Companies PLC VP Mark A. Keller Sells 49,000 Shares (RDC)
Rowan Companies PLC (NYSE:RDC) VP Mark A. Keller unloaded 49,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $32.20, for a total transaction of $1,577,800.00. Following the transaction, the vice president now directly owns 207,163 shares of the company’s stock, valued at approximately $6,670,649. The sale was disclosed in a document filed with the SEC, which is available at this link.
Rowan Companies PLC (NYSE:RDC) traded up 1.10% on Thursday, hitting $32.15. 1,910,978 shares of the company’s stock traded hands. Rowan Companies PLC has a one year low of $29.50 and a one year high of $38.65. The stock has a 50-day moving average of $30.99 and a 200-day moving average of $32.37. The company has a market cap of $3.998 billion and a P/E ratio of 16.20.
Rowan Companies PLC (NYSE:RDC) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The company had revenue of $377.60 million for the quarter, compared to the consensus estimate of $375.53 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Analysts expect that Rowan Companies PLC will post $2.37 EPS for the current fiscal year.
A number of research firms have recently commented on RDC. Analysts at Goldman Sachs cut their price target on shares of Rowan Companies PLC from $34.00 to $32.50 in a research note on Thursday, May 29th. Separately, analysts at Jefferies Group cut their price target on shares of Rowan Companies PLC from $39.00 to $37.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities cut their price target on shares of Rowan Companies PLC from $33.00 to $31.00 in a research note on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.26.
Rowan Companies plc, formerly Rowan Companies, Inc, is a provider of international and domestic offshore contract drilling services.
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