Impact of Brokerage Rating on Rowan Companies PLC(RDC)

Many Rowan Companies PLC(RDC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Rowan Companies PLC was Downgraded by Jefferies to Hold on Jan 30, 2017. Company shares were Downgraded by RBC Capital Mkts on Dec 16, 2016 to Underperform, Raises Price Target to $ 23 from a previous price target of $16 .

Company has reported several Insider transactions to the SEC, on May 20, 2015, Tore I Sandvold (director) purchased 5,000 shares at 22.29 per share price.

Rowan Companies PLC Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.33. Analyst had a consensus of $-0.03. The company had revenue of $379.40 million for the quarter, compared to analysts expectations of $362.82 million. The companys revenue was down -30.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.

Rowan Companies plc (NYSE:RDC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.84 by 19 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 14 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.

Rowan Companies plc (NYSE:RDC): The mean estimate for the short term price target for Rowan Companies plc (NYSE:RDC) stands at $17.06 according to 17 Analysts. The higher price target estimate for the stock has been calculated at $23 while the lower price target estimate is at $12.

Rowan Companies plc (NYSE:RDC) rose 2.76% or 0.51 points on Tuesday and made its way into the gainers of the day. After trading began at $18.54 the stock was seen hitting $19.01 as a peak level and $18.32 as the lowest level. The stock ended up at $18.96. The daily volume was measured at 1,677,270 shares. The 52-week high of the share price is $21.68 and the 52-week low is $11.12. The company has a market cap of $2,378 million.

Rowan Companies plc provides international and domestic offshore contract drilling services. The Companys primary focus is on high-specification and premium jack-up rigs, used for exploratory and development drilling. It conducts offshore drilling operations particularly in the North Sea, Middle East, Southeast Asia and U.S. Gulf of Mexico. Rowan Companies plc, formerly known as Rowan Companies, Inc., is headquartered in Houston, Texas.


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