Positive Press Coverage Extremely Likely to Impact Rowan Companies PLC (RDC) Share Price
Media headlines about Rowan Companies PLC (NYSE:RDC) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rowan Companies PLC earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Contrasting Transocean Partners (RIGP) and Rowan Companies PLC (RDC) (americanbankingnews.com)
- Investor Network: Rowan Cos. Plc to Host Earnings Call (finance.yahoo.com)
- Rowan Companies PLC (RDC) Posts Earnings Results, Beats Estimates By $0.05 EPS (americanbankingnews.com)
- Rowan Reports Second Quarter 2017 Results (finance.yahoo.com)
- Why Moody’s Downgraded Rowan Companies ahead of 2Q17 Results (finance.yahoo.com)
RDC has been the topic of a number of analyst reports. ValuEngine raised shares of Rowan Companies PLC from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Clarkson Capital raised shares of Rowan Companies PLC from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, May 30th. Deutsche Bank AG cut their target price on shares of Rowan Companies PLC from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, May 3rd. Fearnley Fonds raised shares of Rowan Companies PLC to a “buy” rating in a research note on Friday, April 28th. Finally, BMO Capital Markets set a $15.00 price objective on shares of Rowan Companies PLC and gave the stock a “hold” rating in a research note on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.68.
Shares of Rowan Companies PLC (NYSE:RDC) traded up 2.82% during trading on Thursday, hitting $11.66. 4,006,320 shares of the company were exchanged. The firm’s 50-day moving average price is $11.13 and its 200 day moving average price is $14.40. The firm has a market capitalization of $1.47 billion, a PE ratio of 7.11 and a beta of 1.76. Rowan Companies PLC has a 12 month low of $9.74 and a 12 month high of $21.68.
Rowan Companies PLC (NYSE:RDC) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.05. Rowan Companies PLC had a return on equity of 2.95% and a net margin of 12.12%. The company had revenue of $320.20 million for the quarter, compared to the consensus estimate of $296.87 million. During the same period in the previous year, the business earned $0.75 EPS. Rowan Companies PLC’s revenue for the quarter was down 47.7% compared to the same quarter last year. On average, equities research analysts expect that Rowan Companies PLC will post ($1.03) earnings per share for the current fiscal year.
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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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