Rowan Companies (NYSE:RDC) has been given a $15.00 price target by equities researchers at Susquehanna Bancshares in a research report issued to clients and investors on Friday. The brokerage currently has a “hold” rating on the oil and gas company’s stock. Susquehanna Bancshares’ target price indicates a potential downside of 12.64% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Piper Jaffray Companies cut shares of Rowan Companies from an “overweight” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Thursday. B. Riley set a $16.00 target price on shares of Rowan Companies and gave the company a “buy” rating in a research note on Friday, January 5th. Zacks Investment Research lowered shares of Rowan Companies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. initiated coverage on shares of Rowan Companies in a research note on Thursday, October 19th. They set a “buy” rating and a $16.80 target price for the company. Finally, ValuEngine lowered shares of Rowan Companies from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.54.

Shares of Rowan Companies (NYSE RDC) opened at $17.17 on Friday. The stock has a market cap of $2,167.76, a price-to-earnings ratio of -33.02 and a beta of 1.90. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.47. Rowan Companies has a twelve month low of $9.02 and a twelve month high of $20.34.

Rowan Companies (NYSE:RDC) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.42) by $0.26. The firm had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $281.51 million. Rowan Companies had a negative net margin of 4.76% and a negative return on equity of 0.61%. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 earnings per share. equities analysts predict that Rowan Companies will post -0.63 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in RDC. Sciencast Management LP grew its position in shares of Rowan Companies by 10.0% during the second quarter. Sciencast Management LP now owns 13,094 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 1,190 shares during the last quarter. Wedbush Securities Inc. bought a new position in shares of Rowan Companies during the third quarter worth about $135,000. Pacad Investment Ltd. bought a new position in shares of Rowan Companies during the second quarter worth about $138,000. Smith Salley & Associates bought a new position in shares of Rowan Companies during the third quarter worth about $146,000. Finally, Capital Fund Management S.A. bought a new position in shares of Rowan Companies during the second quarter worth about $161,000.

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About Rowan Companies

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.

Analyst Recommendations for Rowan Companies (NYSE:RDC)

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