Somewhat Favorable News Coverage Somewhat Unlikely to Affect Rowan Companies (RDC) Share Price
News articles about Rowan Companies (NYSE:RDC) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rowan Companies earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.9701309307937 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Seaport Global Securities Analysts Lift Earnings Estimates for Rowan Companies PLC (RDC) (americanbankingnews.com)
- Rowan Companies (RDC) versus Ensco (ESV) Head-To-Head Review (americanbankingnews.com)
- Head-To-Head Review: Transocean Partners (RIGP) and Rowan Companies (RDC) (americanbankingnews.com)
- Rowan Cos. Plc – Value Analysis (NYSE:RDC) : December 18, 2017 (finance.yahoo.com)
- Analyst Recommendations for Top 2 Offshore Drillers in 2017 (finance.yahoo.com)
RDC has been the subject of a number of research reports. Zacks Investment Research cut Rowan Companies from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. initiated coverage on Rowan Companies in a research report on Thursday, October 19th. They set a “buy” rating and a $16.80 price objective for the company. Deutsche Bank initiated coverage on Rowan Companies in a research report on Tuesday, October 10th. They set a “hold” rating and a $15.00 price objective for the company. Piper Jaffray Companies reiterated a “buy” rating and set a $15.00 price objective on shares of Rowan Companies in a research report on Sunday, October 22nd. Finally, UBS Group upgraded Rowan Companies 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 report on Monday, September 25th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.52.
Rowan Companies (NYSE:RDC) last released its quarterly earnings results 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 business had revenue of $291.60 million during the quarter, compared to analyst estimates of $281.51 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. Rowan Companies’s revenue for the quarter was down 23.1% on a year-over-year basis. equities research analysts expect that Rowan Companies will post -0.65 EPS for the current fiscal year.
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About Rowan Companies
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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