Share on StockTwits

Shares of Rowan Companies PLC (NYSE:RDC) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the stock, StockRatingsNetwork.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.65.

Rowan Companies PLC (NYSE:RDC) opened at 29.53 on Friday. Rowan Companies PLC has a 1-year low of $28.43 and a 1-year high of $38.65. The stock has a 50-day moving average of $30.46 and a 200-day moving average of $31.43. The company has a market cap of $3.677 billion and a P/E ratio of 18.98.

Rowan Companies PLC (NYSE:RDC) last released its earnings data 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. On average, analysts predict that Rowan Companies PLC will post $2.17 earnings per share for the current fiscal year.

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

RDC has been the subject of a number of recent research reports. 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.

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.