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

  • 8/5/2017 – Rowan Companies PLC was given a new $12.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/4/2017 – Rowan Companies PLC had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $14.00 price target on the stock.
  • 8/3/2017 – Rowan Companies PLC had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $15.00 price target on the stock.
  • 8/3/2017 – Rowan Companies PLC had its price target lowered by analysts at Nomura from $14.00 to $13.00. They now have a “neutral” rating on the stock.
  • 8/2/2017 – Rowan Companies PLC was downgraded by analysts at TheStreet from a “c” rating to a “d” rating.
  • 7/20/2017 – Rowan Companies PLC was upgraded by analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating. They now have a $11.00 price target on the stock, up previously from $10.00.
  • 7/20/2017 – Rowan Companies PLC had its “sell” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $13.50 price target on the stock.
  • 7/18/2017 – Rowan Companies PLC had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $12.00 price target on the stock, down previously from $15.00.
  • 6/30/2017 – Rowan Companies PLC was downgraded by analysts at Bank of America Corporation from a “neutral” rating to an “underperform” rating.
  • 6/23/2017 – Rowan Companies PLC was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 6/22/2017 – Rowan Companies PLC had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $15.00 price target on the stock.
  • 6/21/2017 – Rowan Companies PLC was downgraded by analysts at Seaport Global Securities from a “neutral” rating to a “sell” rating. They now have a $10.00 price target on the stock, down previously from $12.00.
  • 6/13/2017 – Rowan Companies PLC was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Rowan Companies PLC (NYSE RDC) opened at 10.97 on Tuesday. The company’s market capitalization is $1.39 billion. The stock has a 50 day moving average price of $11.13 and a 200 day moving average price of $14.40. Rowan Companies PLC has a 1-year low of $9.74 and a 1-year high of $21.68.

Rowan Companies PLC (NYSE:RDC) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The business had revenue of $320.20 million for the quarter, compared to analysts’ expectations of $296.87 million. Rowan Companies PLC had a positive return on equity of 0.51% and a negative net margin of 2.62%. The business’s revenue for the quarter was down 47.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities analysts anticipate that Rowan Companies PLC will post ($0.89) EPS 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. As of December 31, 2016, the Company’s fleet consisted of 29 mobile offshore drilling units, including 25 self-elevating jack-up rigs and four ultra-deepwater drillships.

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