Schroder Investment Management Group lessened its stake in shares of Rowan Companies PLC (NYSE:RDC) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,385,193 shares of the oil and gas company’s stock after selling 13,456 shares during the quarter. Schroder Investment Management Group owned 1.10% of Rowan Companies worth $17,564,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RDC. Bank of America Corp DE lifted its position in shares of Rowan Companies by 129.1% during the 1st quarter. Bank of America Corp DE now owns 197,144 shares of the oil and gas company’s stock worth $3,071,000 after buying an additional 875,233 shares during the period. Capstone Asset Management Co. lifted its position in shares of Rowan Companies by 3.8% during the 2nd quarter. Capstone Asset Management Co. now owns 21,078 shares of the oil and gas company’s stock worth $216,000 after buying an additional 780 shares during the period. Bank of Montreal Can lifted its position in shares of Rowan Companies by 125.7% during the 2nd quarter. Bank of Montreal Can now owns 220,066 shares of the oil and gas company’s stock worth $2,254,000 after buying an additional 122,546 shares during the period. Oregon Public Employees Retirement Fund lifted its position in shares of Rowan Companies by 4.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 45,948 shares of the oil and gas company’s stock worth $471,000 after buying an additional 2,000 shares during the period. Finally, LS Investment Advisors LLC lifted its position in shares of Rowan Companies 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 buying an additional 2,050 shares during the period.

Shares of Rowan Companies PLC (NYSE RDC) traded up $0.30 on Wednesday, reaching $15.06. The company’s stock had a trading volume of 2,792,600 shares, compared to its average volume of 3,407,366. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.47. Rowan Companies PLC has a 52-week low of $9.02 and a 52-week high of $21.68.

Rowan Companies (NYSE:RDC) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.26. Rowan Companies had a negative return on equity of 0.61% and a negative net margin of 4.76%. The firm had revenue of $291.60 million during the quarter, compared to the consensus estimate of $281.51 million. During the same quarter in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. equities research analysts forecast that Rowan Companies PLC will post -0.72 earnings per share for the current year.

RDC has been the subject of several analyst reports. Royal Bank Of Canada upgraded Rowan Companies from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from $13.50 to $14.00 in a research report on Friday, August 25th. BidaskClub upgraded Rowan Companies from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. ValuEngine upgraded Rowan Companies from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. UBS upgraded Rowan Companies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.00 to $15.00 in a research report on Monday, September 25th. Finally, Deutsche Bank initiated coverage on Rowan Companies in a research report on Tuesday, October 10th. They set a “hold” rating and a $15.00 target price for the company. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.52.

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Rowan Companies 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.

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Institutional Ownership by Quarter for Rowan Companies (NYSE:RDC)

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