Rowan Companies PLC (NYSE:RDC) – Analysts at Seaport Global Securities issued their Q2 2017 earnings estimates for shares of Rowan Companies PLC in a research note issued to investors on Thursday. Seaport Global Securities analyst M. Urban forecasts that the oil and gas company will post earnings per share of ($0.36) for the quarter. Seaport Global Securities has a “Neutral” rating and a $11.00 price target on the stock. Seaport Global Securities also issued estimates for Rowan Companies PLC’s Q3 2017 earnings at ($0.39) EPS, Q4 2017 earnings at ($0.36) EPS, FY2017 earnings at ($1.00) EPS, Q1 2018 earnings at ($0.36) EPS, Q2 2018 earnings at ($0.53) EPS, Q3 2018 earnings at ($0.58) EPS, Q4 2018 earnings at ($0.69) EPS, FY2018 earnings at ($2.16) EPS, Q1 2019 earnings at ($0.78) EPS, Q2 2019 earnings at ($0.77) EPS and FY2019 earnings at ($3.06) EPS.
Rowan Companies PLC (NYSE:RDC) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.06. The business had revenue of $374.30 million for the quarter, compared to analysts’ expectations of $358.01 million. Rowan Companies PLC had a return on equity of 2.95% and a net margin of 12.12%. The firm’s revenue for the quarter was down 25.2% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. WARNING: “Q2 2017 Earnings Forecast for Rowan Companies PLC Issued By Seaport Global Securities (NYSE:RDC)” was posted by BNB Daily and is the property of of BNB Daily. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.baseball-news-blog.com/2017/08/19/q2-2017-earnings-forecast-for-rowan-companies-plc-issued-by-seaport-global-securities-nyserdc-updated-updated-updated.html.
Other research analysts have also issued reports about the company. Fearnley Fonds raised Rowan Companies PLC to a “buy” rating in a research report on Friday, April 28th. Clarkson Capital raised Rowan Companies PLC from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Tuesday, May 30th. ValuEngine raised Rowan Companies PLC from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Barclays PLC dropped their price target on Rowan Companies PLC from $19.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, May 1st. Finally, Jefferies Group LLC dropped their price target on Rowan Companies PLC from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.82.
Shares of Rowan Companies PLC (NYSE RDC) opened at 11.28 on Monday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 6.88 and a beta of 1.75. The firm’s 50-day moving average is $11.18 and its 200-day moving average is $14.75. Rowan Companies PLC has a 52 week low of $9.74 and a 52 week high of $21.68.
A number of institutional investors have recently bought and sold shares of RDC. Neuberger Berman Group LLC boosted its position in 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 period. LS Investment Advisors LLC boosted its position in Rowan Companies PLC by 24.8% in the second quarter. LS Investment Advisors LLC now owns 10,330 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 2,050 shares during the period. Renaissance Group LLC purchased a new position in Rowan Companies PLC during the first quarter valued at approximately $163,000. Meeder Asset Management Inc. purchased a new position in Rowan Companies PLC during the first quarter valued at approximately $189,000. Finally, Parkwood LLC purchased a new position in Rowan Companies PLC during the first quarter valued at approximately $198,000.
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.
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