Stock under Analysts Radar: Rowan Companies plc (RDC)

13 Août, 2017, 20:02 | Author: Marc Bacque

About shares traded. Rowan Companies PLC (NYSE:RDC) has declined 16.50% since August 10, 2016 and is downtrending. With that said, researchers took a deep dive into the hotly debated question: is it too early to buy Rowan Companies plc (NYSE:RDC). California Public Employees Retirement System now owns 348,300 shares with a value of $3,567,000. Year to date Rowan Companies plc (NYSE:RDC) is -47.38%, -24.64% over the last quarter, and -45.38% for the past six months. Barclays PLC reduced their price objective on shares of Rowan Companies PLC from $19.00 to $16.00 and set an "equal weight" rating for the company in a research note on Monday, May 1st.

Previously Rowan Companies (NYSE:RDC) reported $-0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.3 by $0.08.

Currently Rowan Companies (NYSE:RDC)'s shares owned by insiders are 0.7%, whereas shares owned by institutional owners are 89.9%. State Treasurer State of MI increased its stake in Rowan Companies PLC by 2.0% in the second quarter. Sure, the percentage is encouraging but more headwinds are coming as looking out over a next 5-year period, analysts expect the company to see its earnings go down by 0%, annually. Its stake was valued at $13,880,000 a decrease of 50.3% as of the end of the quarter. Northern Trust Corp increased its position in Rowan Companies PLC by 145.7% in the second quarter. For the current year the company's revenue estimates are $1.21 Billion compared to low analyst estimates of $1.09 Billion and high estimates of $1.26 Billion according to 26 number of analysts. As of the end of the quarter Tiaa Cref Investment Management LLC had acquired a total of 214,029 shares growing its holdings by 28.9%. Company shares last traded at $9.94 which is quite a bit lower than $10.92, the 50 day moving average and well below the 200 day moving average of $14.09. In this case, shares are down -5.11% from $9.21, the 52-week high touched on August 10, 2016, but are collecting gains at -4.7% for the past 12 months. Rowan Companies plc has its outstanding Shares of 128.41 Million. The stock exchanged hands 3.28 Million shares versus average trading capacity of 3.93 Million shares, yielding a market cap of $1.31 Billion.

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Rowan Companies plc (RDC) shares are down -14.75% for the week and that has got investors and traders sitting up and taking note. Finally, Capital Fund Management S.A. bought a new stake in shares of Rowan Companies PLC during the second quarter valued at approximately $161,000. Seaport Global Securities upgraded shares of Rowan Companies PLC from a "sell" rating to a "neutral" rating and boosted their target price for the company from $10.00 to $11.00 in a report on Thursday, July 20th. During the same period in the prior year, the business earned $0.75 earnings per share.

TRADEMARK VIOLATION NOTICE: "Rowan Companies PLC (RDC) Debt Trading 1.3% Lower" was originally reported by Sports Perspectives and is owned by of Sports Perspectives.

RDC has been the topic of several research analyst reports. Fearnley Fonds raised Rowan Companies PLC to a "buy" rating in a research report on Friday, April 28th. The original version of this piece can be accessed at The Firm operates through two divisions: deepwater and jack-ups. ValuEngine raised Rowan Companies PLC from a "hold" rating to a "buy" rating in a research report on Saturday, May 27th. Its deepwater segment consists of drillship operations. The company presently has a consensus rating of "Hold" and an average price target of $16.37. 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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