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Shares of Rowan Companies PLC (NYSE:RDC) have been given an average recommendation of “Hold” by the twenty-one brokerages that are presently covering the stock, AR Network reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.65.

Shares of Rowan Companies PLC (NYSE:RDC) opened at 29.70 on Friday. Rowan Companies PLC has a 52 week low of $28.43 and a 52 week high of $38.65. The stock’s 50-day moving average is $30.5 and its 200-day moving average is $31.46. The company has a market cap of $3.698 billion and a P/E ratio of 19.00.

Rowan Companies PLC (NYSE:RDC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.09. The company had revenue of $422.90 million for the quarter, compared to the consensus estimate of $416.20 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Rowan Companies PLC will post $2.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 26th. Shareholders of record on Monday, August 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 7th.

A number of analysts have recently weighed in on RDC shares. Analysts at Susquehanna cut their price target on shares of Rowan Companies PLC from $34.00 to $32.00 in a research note on Thursday, August 7th. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Rowan Companies PLC in a research note on Thursday, August 7th. They now have a $36.00 price target on the stock, down previously from $37.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Rowan Companies PLC in a research note on Monday, August 4th. They now have a $33.00 price target on the stock, down previously from $34.00.

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

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