Rowan Companies PLC (NYSE:RDC) – B. Riley issued their FY2017 earnings per share estimates for shares of Rowan Companies PLC in a report issued on Wednesday. B. Riley analyst T. Curran anticipates that the oil and gas company will earn ($0.61) per share for the year. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Rowan Companies PLC’s Q4 2017 earnings at ($0.30) EPS, Q1 2018 earnings at ($0.40) EPS, Q2 2018 earnings at ($0.42) EPS, Q3 2018 earnings at ($0.55) EPS, Q4 2018 earnings at ($0.68) EPS, FY2018 earnings at ($2.05) EPS and FY2019 earnings at ($2.09) EPS.

Other analysts have also issued reports about the company. UBS AG raised Rowan Companies PLC from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $15.00 in a research note on Monday, September 25th. Zacks Investment Research raised Rowan Companies PLC from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, October 17th. HSBC Holdings plc started coverage on Rowan Companies PLC in a research note on Thursday, October 19th. They set a “buy” rating and a $16.80 price target on the stock. FBR & Co reissued a “buy” rating on shares of Rowan Companies PLC in a research note on Thursday, October 19th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $15.00 price target on shares of Rowan Companies PLC in a research note on Sunday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.52.

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Shares of Rowan Companies PLC (RDC) opened at $14.81 on Monday. Rowan Companies PLC has a 12 month low of $9.02 and a 12 month high of $21.68. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.47.

Rowan Companies PLC (NYSE:RDC) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.16) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.26. Rowan Companies PLC had a negative return on equity of 0.61% and a negative net margin of 4.76%. The firm had revenue of $291.60 million for the quarter, compared to analyst estimates of $281.51 million. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was down 23.1% on a year-over-year basis.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDC. Principal Financial Group Inc. increased its holdings in shares of Rowan Companies PLC by 3.4% during the first quarter. Principal Financial Group Inc. now owns 518,215 shares of the oil and gas company’s stock valued at $8,074,000 after acquiring an additional 17,065 shares in the last quarter. FMR LLC increased its holdings in shares of Rowan Companies PLC by 12.1% during the first quarter. FMR LLC now owns 683,615 shares of the oil and gas company’s stock valued at $10,651,000 after acquiring an additional 73,851 shares in the last quarter. UBS Group AG increased its holdings in shares of Rowan Companies PLC by 57.3% during the first quarter. UBS Group AG now owns 83,070 shares of the oil and gas company’s stock valued at $1,294,000 after acquiring an additional 30,266 shares in the last quarter. Morgan Stanley increased its holdings in shares of Rowan Companies PLC by 40.6% during the first quarter. Morgan Stanley now owns 354,777 shares of the oil and gas company’s stock valued at $5,528,000 after acquiring an additional 102,393 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in shares of Rowan Companies PLC by 4,558.9% during the first quarter. BlackRock Inc. now owns 10,987,886 shares of the oil and gas company’s stock valued at $171,191,000 after acquiring an additional 10,752,038 shares in 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.

Earnings History and Estimates for Rowan Companies PLC (NYSE:RDC)

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