A number of research firms have changed their ratings and price targets for Rowan Cos. (NYSE: RDC):

  • 9/19/2016 – Rowan Cos. had its “buy” rating reaffirmed by analysts at FBR & Co. They wrote, “Production from EOG’s wells that started production in 3Q15 and 4Q15 and now have at least six months of production and revenue generation (i.e., the latest wells with such data available) spiked versus EOG’s own previous wells and versus peer wells. Lateral placement appears to be the key to the spike in production and revenue generation.””
  • 9/19/2016 – Rowan Cos. was upgraded by analysts at Zephirin Group from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock.
  • 9/17/2016 – Rowan Cos. was given a new $15.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.
  • 9/16/2016 – Rowan Cos. had its price target lowered by analysts at Piper Jaffray Cos. from $15.50 to $14.15. They now have an “overweight” rating on the stock.
  • 9/14/2016 – Rowan Cos. is now covered by analysts at Howard Weil. They set a “sector perform” rating and a $17.00 price target on the stock.
  • 9/14/2016 – Rowan Cos. is now covered by analysts at Scotiabank. They set a “sector perform” rating and a $17.00 price target on the stock.
  • 9/8/2016 – Rowan Cos. had its “buy” rating reaffirmed by analysts at FBR & Co.
  • 8/25/2016 – Rowan Cos. had its price target lowered by analysts at Citigroup Inc. from $20.00 to $15.00. They now have a “neutral” rating on the stock.
  • 8/17/2016 – Rowan Cos. had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $18.00 price target on the stock.
  • 8/16/2016 – Rowan Cos. was given a new $14.00 price target on by analysts at Nomura. They now have a “hold” rating on the stock.
  • 8/13/2016 – Rowan Cos. had its “sector perform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $16.00 price target on the stock, down previously from $22.00.
  • 8/12/2016 – Rowan Cos. had its price target lowered by analysts at Royal Bank Of Canada from $22.00 to $16.00. They now have a “sector perform” rating on the stock.
  • 8/4/2016 – Rowan Cos. had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $18.00 price target on the stock, down previously from $21.00.
  • 8/3/2016 – Rowan Cos. was given a new $19.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 8/3/2016 – Rowan Cos. had its price target raised by analysts at Deutsche Bank AG from $16.00 to $20.00. They now have a “hold” rating on the stock.
  • 8/3/2016 – Rowan Cos. had its “neutral” rating reaffirmed by analysts at Citigroup Inc..
  • 7/26/2016 – Rowan Cos. was downgraded by analysts at Raymond James Financial Inc. from an “outperform” rating to a “market perform” rating.

Rowan Cos. (NYSE:RDC) opened at 13.49 on Thursday. Rowan Cos. has a 12-month low of $10.67 and a 12-month high of $21.83. The company’s 50 day moving average price is $13.41 and its 200-day moving average price is $16.09. The company has a market capitalization of $1.69 billion, a P/E ratio of 7.54 and a beta of 1.61.

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Rowan Cos. (NYSE:RDC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by $0.06. The firm had revenue of $611.90 million for the quarter, compared to the consensus estimate of $470.98 million. Rowan Cos. had a return on equity of 9.22% and a net margin of 10.24%. The company’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Equities analysts forecast that Rowan Cos. will post $1.67 earnings per share for the current fiscal year.

Rowan Companies plc is a provider of offshore contract drilling services to the international oil and gas industry. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. Its fleet consists of approximately 30 mobile offshore drilling units, including self-elevating jack-up rigs and ultra-deepwater drillships.

5 Day Chart for NYSE:RDC

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