BMO Capital Markets restated their hold rating on shares of Rowan Companies PLC (NYSE:RDC) in a research report released on Thursday. They currently have a $15.00 price objective on the oil and gas company’s stock.

Several other brokerages have also recently commented on RDC. Jefferies Group LLC set a $20.00 target price on shares of Rowan Companies PLC and gave the stock a hold rating in a report on Saturday, February 25th. Tudor Pickering assumed coverage on shares of Rowan Companies PLC in a research note on Thursday, March 23rd. They set a hold rating on the stock. Scotiabank reaffirmed a hold rating and set a $22.00 target price on shares of Rowan Companies PLC in a research note on Wednesday, March 22nd. Credit Suisse Group reaffirmed a hold rating and set a $21.00 target price on shares of Rowan Companies PLC in a research note on Friday, April 21st. Finally, Barclays PLC cut their price target on shares of Rowan Companies PLC from $19.00 to $16.00 and set an equal weight rating on the stock in a report on Monday, May 1st. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $18.01.

Analyst Recommendations for Rowan Companies PLC (NYSE:RDC)

Rowan Companies PLC (NYSE:RDC) traded down 0.19% during trading on Thursday, hitting $10.26. The stock had a trading volume of 4,164,135 shares. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 6.26 and a beta of 1.75. The stock has a 50 day moving average price of $12.83 and a 200 day moving average price of $16.22. Rowan Companies PLC has a 12-month low of $10.04 and a 12-month high of $21.68.

Rowan Companies PLC (NYSE:RDC) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The company had revenue of $374.30 million for the quarter, compared to analyst estimates of $358.01 million. Rowan Companies PLC had a return on equity of 2.95% and a net margin of 12.12%. The company’s revenue was down 25.2% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Equities research analysts forecast that Rowan Companies PLC will post ($0.99) earnings per share for the current year.

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Several large investors have recently bought and sold shares of RDC. Neuberger Berman Group LLC increased its stake 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 last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its stake in Rowan Companies PLC by 0.7% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 14,500 shares of the oil and gas company’s stock valued at $226,000 after buying an additional 100 shares during the last quarter. State Treasurer State of Michigan increased its stake in 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. Amalgamated Bank increased its stake in Rowan Companies PLC by 3.1% in the first quarter. Amalgamated Bank now owns 19,915 shares of the oil and gas company’s stock valued at $310,000 after buying an additional 590 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Rowan Companies PLC by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 43,948 shares of the oil and gas company’s stock valued at $685,000 after buying an additional 600 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.

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