Rowan Companies PLC (NYSE:RDC)‘s stock had its “buy” rating reissued by research analysts at FBR & Co in a note issued to investors on Thursday.

A number of other equities research analysts also recently issued reports on the stock. HSBC Holdings plc began coverage on shares of Rowan Companies PLC in a research note on Thursday. They set a “buy” rating and a $16.80 price objective on the stock. BMO Capital Markets set a $12.00 price objective on shares of Rowan Companies PLC and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Rowan Companies PLC from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday. Deutsche Bank AG began coverage on shares of Rowan Companies PLC in a research note on Tuesday, October 10th. They set a “hold” rating and a $15.00 price objective on the stock. Finally, Royal Bank Of Canada set a $14.00 price objective on shares of Rowan Companies PLC and gave the stock a “hold” rating in a research note on Sunday, October 8th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.10.

Rowan Companies PLC (NYSE:RDC) traded down 0.23% during trading on Thursday, reaching $13.21. 4,707,334 shares of the company’s stock were exchanged. Rowan Companies PLC has a 52-week low of $9.02 and a 52-week high of $21.68. The firm’s market cap is $1.67 billion. The stock’s 50 day moving average price is $11.99 and its 200 day moving average price is $12.05.

Rowan Companies PLC (NYSE:RDC) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The firm had revenue of $320.20 million for the quarter, compared to the consensus estimate of $296.87 million. Rowan Companies PLC had a negative net margin of 2.62% and a positive return on equity of 0.51%. The business’s revenue for the quarter was down 47.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. Equities research analysts anticipate that Rowan Companies PLC will post ($0.95) EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC raised its holdings in Rowan Companies PLC by 0.5% during the 1st quarter. Neuberger Berman Group LLC now owns 10,237 shares of the oil and gas company’s stock worth $159,000 after purchasing an additional 55 shares during the last quarter. LS Investment Advisors LLC raised its holdings in Rowan Companies PLC by 24.8% during the 2nd quarter. LS Investment Advisors LLC now owns 10,330 shares of the oil and gas company’s stock worth $106,000 after purchasing an additional 2,050 shares during the last quarter. Sciencast Management LP raised its holdings in Rowan Companies PLC by 10.0% during the 2nd quarter. Sciencast Management LP now owns 13,094 shares of the oil and gas company’s stock worth $134,000 after purchasing an additional 1,190 shares during the last quarter. Pacad Investment Ltd. bought a new position in Rowan Companies PLC during the 2nd quarter worth approximately $138,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in Rowan Companies PLC during the 2nd quarter worth approximately $143,000.

About Rowan Companies PLC

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.

Analyst Recommendations for Rowan Companies PLC (NYSE:RDC)

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