$-0.68 EPS Expected for Rowan Companies plc (RDC)

April 17, 2018 - By Ann Prendergast

Rowan Companies plc (NYSE:RDC) LogoInvestors sentiment increased to 0.95 in 2017 Q4. Its up 0.25, from 0.7 in 2017Q3. It is positive, as 24 investors sold Rowan Companies plc shares while 77 reduced holdings. 39 funds opened positions while 57 raised stakes. 127.30 million shares or 1.57% less from 129.33 million shares in 2017Q3 were reported.
Schwab Charles Inv Mgmt Inc invested in 0.01% or 1.15M shares. Livingston Group Asset (Operating As Southport Cap Management) holds 11,800 shares or 0.07% of its portfolio. Deutsche National Bank Ag holds 0.01% of its portfolio in Rowan Companies plc (NYSE:RDC) for 633,144 shares. Oregon Employees Retirement Fund reported 42,287 shares or 0.01% of all its holdings. Teachers Retirement System Of The State Of Kentucky invested in 20,280 shares or 0% of the stock. Moreover, Bridgeway Capital Management has 0.08% invested in Rowan Companies plc (NYSE:RDC) for 464,600 shares. Advsrs Asset Mgmt has invested 0% in Rowan Companies plc (NYSE:RDC). Quantbot L P invested in 0.06% or 43,571 shares. Point72 Asia (Hong Kong) Ltd has invested 0% in Rowan Companies plc (NYSE:RDC). Fmr Lc owns 1.65 million shares. Convergence Inv Prtn Lc has invested 0.15% in Rowan Companies plc (NYSE:RDC). Barclays Public Ltd Company has invested 0% of its portfolio in Rowan Companies plc (NYSE:RDC). Dupont Cap Mngmt Corporation has invested 0.14% of its portfolio in Rowan Companies plc (NYSE:RDC). United Serv Automobile Association holds 61,180 shares. Moreover, Zebra Mgmt Ltd Com has 0.18% invested in Rowan Companies plc (NYSE:RDC).

Since February 22, 2018, it had 0 buys, and 1 insider sale for $47,686 activity.

Analysts expect Rowan Companies plc (NYSE:RDC) to report $-0.68 EPS on May, 1.They anticipate $0.75 EPS change or 1,071.43 % from last quarter’s $0.07 EPS. After having $-0.31 EPS previously, Rowan Companies plc’s analysts see 119.35 % EPS growth. The stock increased 0.47% or $0.07 during the last trading session, reaching $14.94. About 1.96M shares traded. Rowan Companies plc (NYSE:RDC) has declined 22.59% since April 17, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.

Rowan Companies plc (NYSE:RDC) Ratings Coverage

Among 11 analysts covering Rowan Companies (NYSE:RDC), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Rowan Companies had 23 analyst reports since October 17, 2017 according to SRatingsIntel. RBC Capital Markets maintained Rowan Companies plc (NYSE:RDC) on Monday, November 6 with “Hold” rating. The rating was downgraded by Barclays Capital on Tuesday, January 23 to “Underweight”. The stock of Rowan Companies plc (NYSE:RDC) earned “Buy” rating by HSBC on Thursday, October 19. Cowen & Co maintained it with “Hold” rating and $14.0 target in Thursday, January 11 report. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, October 17. Piper Jaffray maintained the stock with “Hold” rating in Friday, March 16 report. The firm earned “Hold” rating on Wednesday, February 14 by Susquehanna. Cowen & Co maintained the stock with “Hold” rating in Wednesday, October 18 report. RBC Capital Markets maintained Rowan Companies plc (NYSE:RDC) rating on Thursday, March 1. RBC Capital Markets has “Hold” rating and $14.0 target. The rating was maintained by Jefferies with “Hold” on Thursday, January 4.

Rowan Companies plc provides offshore gas and oil contract drilling services. The company has market cap of $1.90 billion. As of October 19, 2017, it operated a fleet of 26 mobile offshore drilling units, including 22 self-elevating jack-up rigs and 4 ultra-deepwater drillships. It has a 26.21 P/E ratio. The firm operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad.

Rowan Companies plc (NYSE:RDC) Ratings Chart

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