BidaskClub upgraded shares of Rowan Companies PLC (NYSE:RDC) from a strong sell rating to a sell rating in a research note released on Saturday.

RDC has been the subject of a number of other reports. Fearnley Fonds upgraded Rowan Companies PLC to a buy rating in a research note on Friday, April 28th. Barclays PLC decreased their target price on 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. Deutsche Bank AG decreased their target price on Rowan Companies PLC from $17.00 to $16.00 and set a hold rating for the company in a research note on Wednesday, May 3rd. Jefferies Group LLC decreased their target price on Rowan Companies PLC from $17.00 to $15.00 and set a hold rating for the company in a research note on Wednesday, May 3rd. Finally, ValuEngine upgraded Rowan Companies PLC from a hold rating to a buy rating in a research note on Saturday, May 27th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $16.40.

Rowan Companies PLC (RDC) traded up 1.59% during midday trading on Friday, reaching $9.60. The company’s stock had a trading volume of 4,054,927 shares. The stock’s 50-day moving average price is $10.56 and its 200 day moving average price is $13.36. Rowan Companies PLC has a 1-year low of $9.02 and a 1-year high of $21.68. The firm’s market capitalization is $1.21 billion.

Rowan Companies PLC (NYSE:RDC) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The business had revenue of $320.20 million during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was down 47.7% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. Equities analysts anticipate that Rowan Companies PLC will post ($0.95) EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its stake in shares of Rowan Companies PLC by 0.5% in the first quarter. Neuberger Berman Group LLC now owns 10,237 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 55 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Rowan Companies PLC by 0.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,403 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 71 shares during the last quarter. Comerica Bank boosted its stake in shares of Rowan Companies PLC by 0.3% in the second quarter. Comerica Bank now owns 104,828 shares of the oil and gas company’s stock valued at $1,182,000 after buying an additional 267 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Rowan Companies PLC by 1.7% in the second quarter. Virginia Retirement Systems ET AL now owns 23,432 shares of the oil and gas company’s stock valued at $240,000 after buying an additional 400 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of Rowan Companies PLC by 1.0% in the first quarter. State Treasurer State of Michigan now owns 51,000 shares of the oil and gas company’s stock valued at $795,000 after buying an additional 500 shares during the last quarter.

Rowan Companies PLC Company Profile

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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