Somewhat Favorable News Coverage Somewhat Unlikely to Affect Rowan Companies PLC (RDC) Share Price
News headlines about Rowan Companies PLC (NYSE:RDC) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rowan Companies PLC earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.9199011933819 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Fmr LLC Acquires 73851 Shares of Rowan Companies PLC (RDC) (wisdomsave.com)
- Rowan Cos. Plc :RDC-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- Rowan Companies PLC (NYSE:RDC) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Q3 2017 EPS Estimates for Rowan Companies PLC (NYSE:RDC) Cut by Seaport Global Securities (americanbankingnews.com)
- Equities Analysts Set Expectations for Rowan Companies PLC’s Q3 2017 Earnings (RDC) (overnewsmagazine.com)
Rowan Companies PLC (NYSE RDC) opened at 9.94 on Friday. The stock’s 50 day moving average price is $10.91 and its 200-day moving average price is $14.02. Rowan Companies PLC has a one year low of $9.71 and a one year high of $21.68. The firm’s market capitalization is $1.25 billion.
Rowan Companies PLC (NYSE:RDC) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.25) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The business had revenue of $320.20 million during the quarter, compared to analysts’ expectations of $296.87 million. Rowan Companies PLC had a positive return on equity of 0.51% and a negative net margin of 2.62%. The firm’s revenue for the quarter was down 47.7% compared to the same quarter last year. During the same period last year, the firm posted $0.75 EPS. On average, equities research analysts expect that Rowan Companies PLC will post ($0.97) EPS for the current fiscal year.
Several research firms have weighed in on RDC. BMO Capital Markets set a $12.00 target price on Rowan Companies PLC and gave the company a “hold” rating in a research note on Saturday, August 5th. Barclays PLC reaffirmed a “hold” rating and set a $14.00 target price on shares of Rowan Companies PLC in a research note on Friday, August 4th. TheStreet cut Rowan Companies PLC from a “c” rating to a “d” rating in a research note on Wednesday, August 2nd. Nomura lowered their target price on Rowan Companies PLC from $14.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 3rd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $15.00 target price on shares of Rowan Companies PLC in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.37.
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About Rowan Companies PLC
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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