Rowan Companies PLC (NYSE:RDC) – Stock analysts at Capital One Financial Corporation upped their Q4 2017 earnings estimates for shares of Rowan Companies PLC in a research report issued to clients and investors on Thursday. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will earn ($0.34) per share for the quarter, up from their previous estimate of ($0.39). Capital One Financial Corporation also issued estimates for Rowan Companies PLC’s FY2018 earnings at ($2.56) EPS.

Several other research analysts also recently issued reports on the company. UBS AG raised Rowan Companies PLC from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $15.00 in a research note on Monday, September 25th. Zacks Investment Research raised Rowan Companies PLC from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, October 17th. HSBC Holdings plc began coverage on Rowan Companies PLC in a research note on Thursday. They issued a “buy” rating and a $16.80 price objective for the company. FBR & Co reaffirmed a “buy” rating on shares of Rowan Companies PLC in a research note on Thursday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Rowan Companies PLC in a research note on Sunday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. Rowan Companies PLC has an average rating of “Hold” and a consensus price target of $16.04.

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Rowan Companies PLC (NYSE RDC) opened at 13.10 on Monday. Rowan Companies PLC has a 52 week low of $9.02 and a 52 week high of $21.68. The stock has a 50 day moving average of $12.08 and a 200 day moving average of $12.03. The company’s market cap is $1.65 billion.

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 (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.05. The company had revenue of $320.20 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was down 47.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS.

Several institutional investors have recently bought and sold shares of RDC. UBS Asset Management Americas Inc. boosted its holdings in shares of Rowan Companies PLC by 150.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 201,515 shares of the oil and gas company’s stock worth $3,140,000 after buying an additional 121,050 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Rowan Companies PLC by 3.2% during the 1st quarter. Ameriprise Financial Inc. now owns 359,196 shares of the oil and gas company’s stock worth $5,596,000 after buying an additional 11,029 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of 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 buying an additional 55 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Rowan Companies PLC by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 518,215 shares of the oil and gas company’s stock worth $8,074,000 after buying an additional 17,065 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Rowan Companies PLC by 12.1% during the 1st quarter. FMR LLC now owns 683,615 shares of the oil and gas company’s stock worth $10,651,000 after buying an additional 73,851 shares in the last quarter.

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.

Earnings History and Estimates for Rowan Companies PLC (NYSE:RDC)

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