Economy

Fmr LLC Acquires 73851 Shares of Rowan Companies PLC (RDC)

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Rowan Companies plc (NYSE:RDC).

On 08/09/2017 close, Extraction Oil & Gas, Inc. As per Friday, October 7, the company rating was downgraded by Seaport Global Securities.

Several other large investors have also bought and sold shares of RDC.

August 3 investment analysts at Nomura kept the stock rating at "Neutral" and moved down the price target to $13.00 from $14.00. The legal version of this report can be read at https://transcriptdaily.com/2017/08/11/state-treasurer-state-of-michigan-boosts-position-in-rowan-companies-plc-rdc.html.

Rowan Companies (NYSE:RDC)'s revenue estimates for the current quarter are $272.19 Million according to 20 number of analysts, for the current quarter the company has high revenue estimates of $296 Million in contradiction of low revenue estimates of $249 Million. BMO Capital Markets set a $15.00 price objective on shares of Rowan Companies PLC and gave the company a "hold" rating in a report on Tuesday, April 18th. Fearnley Fonds raised Rowan Companies PLC to a "buy" rating in a research note on Friday, April 28th. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). Neuberger Berman Group LLC boosted its position in Rowan Companies PLC by 0.5% in the first quarter. Year to Date (YTD) performance of Rowan Companies plc (RDC) is -46.11 percent while its Performance (Week) is -10.23 percent and Performance (month) is at -2.21 percent. Rowan Companies PLC has a 52 week low of $9.71 and a 52 week high of $21.68. The stock has a market cap of $1.41 billion, a P/E ratio of 6.81 and a beta of 1.75. The stock has a 50 day moving average price of $11.03 and a 200-day moving average price of $14.34. Rowan Companies plc (RDC) has the market capitalization of 1.31 Billion. Next quarter's EPS is forecasted to be $-0.39 with next year's EPS projected to be $-2.32.

How Active Are Rowan Companies plc (NYSE:RDC) Shares? RDC is already driving a -26.86% loss over the course of the past year and is now down -47.38% since this point in 2017.

TRADEMARK VIOLATION WARNING: This report was reported by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and global trademark and copyright laws. BlackRock Inc. now owns 10,987,886 shares of the oil and gas company's stock worth $171,191,000 after buying an additional 10,752,038 shares during the last quarter. On average, analysts anticipate that Rowan Companies PLC will post ($0.97) earnings per share for the current fiscal year. Previously Avon Products (NYSE:AVP) reported $-0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $-0.1 with surprise factor of -142.9%.

Schroder Investment Management Group reports that it lowered its stake in Rowan Companies plc Class A Ord shares by 27.7% in the quarter ending 06/30/2017. AQR Capital Management LLC now owns 5,702,609 shares of the oil and gas company's stock worth $88,847,000 after buying an additional 931,612 shares in the last quarter. Bank of America Corp DE now owns 197,144 shares of the oil and gas company's stock valued at $3,071,000 after buying an additional 875,233 shares in the last quarter. Rowan Companies PLC's revenue was down 47.7% compared to the same quarter previous year. Virginia Retirement Systems ET AL now owns 23,432 shares of the oil and gas company's stock valued at $240,000 after buying an additional 400 shares during the period.

Rowan Companies plc is a provider of offshore contract drilling services to the worldwide oil and gas industry. The Firm operates through two divisions: deepwater and jack-ups. The Company's 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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