Rowan Companies PLC (NYSE:RDC) – Research analysts at Seaport Global Securities issued their Q2 2017 earnings per share (EPS) estimates for Rowan Companies PLC in a report issued on Thursday. Seaport Global Securities analyst M. Urban anticipates that the oil and gas company will post earnings of ($0.36) per share for the quarter. Seaport Global Securities has a “Neutral” rating and a $11.00 price objective on the stock. Seaport Global Securities also issued estimates for Rowan Companies PLC’s Q3 2017 earnings at ($0.39) EPS, Q4 2017 earnings at ($0.36) EPS, FY2017 earnings at ($1.00) EPS, Q1 2018 earnings at ($0.36) EPS, Q2 2018 earnings at ($0.53) EPS, Q3 2018 earnings at ($0.58) EPS, Q4 2018 earnings at ($0.69) EPS, FY2018 earnings at ($2.16) EPS, Q1 2019 earnings at ($0.78) EPS, Q2 2019 earnings at ($0.77) EPS and FY2019 earnings at ($3.06) EPS.
Rowan Companies PLC (NYSE:RDC) last announced its earnings results on Tuesday, May 2nd. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.06. The business had revenue of $374.30 million for the quarter, compared to the consensus estimate of $358.01 million. Rowan Companies PLC had a net margin of 12.12% and a return on equity of 2.95%. The business’s quarterly revenue was down 25.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.98 earnings per share. COPYRIGHT VIOLATION WARNING: This report was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.com-unik.info/2017/08/12/q2-2017-earnings-forecast-for-rowan-companies-plc-issued-by-seaport-global-securities-rdc-updated-updated.html.
A number of other brokerages also recently issued reports on RDC. Fearnley Fonds raised Rowan Companies PLC to a “buy” rating in a report on Friday, April 28th. Clarkson Capital raised Rowan Companies PLC from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, May 30th. ValuEngine raised Rowan Companies PLC from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Barclays PLC lowered their price target on Rowan Companies PLC from $19.00 to $16.00 and set an “equal weight” rating for the company in a report on Monday, May 1st. Finally, Jefferies Group LLC lowered their price target on Rowan Companies PLC from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $16.82.
Shares of Rowan Companies PLC (NYSE RDC) opened at 11.28 on Monday. The company’s 50-day moving average is $11.18 and its 200 day moving average is $14.75. Rowan Companies PLC has a 12 month low of $9.74 and a 12 month high of $21.68. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 6.88 and a beta of 1.75.
Large investors have recently added to or reduced their stakes in the company. LS Investment Advisors LLC raised its position in shares of Rowan Companies PLC by 24.8% in the second quarter. LS Investment Advisors LLC now owns 10,330 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 2,050 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in shares of Rowan Companies PLC during the second quarter valued at $143,000. Neuberger Berman Group LLC raised its position in shares of Rowan Companies PLC by 0.5% in the first quarter. Neuberger Berman Group LLC now owns 10,237 shares of the oil and gas company’s stock valued at $159,000 after buying an additional 55 shares in the last quarter. Renaissance Group LLC bought a new position in shares of Rowan Companies PLC during the first quarter valued at $163,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Rowan Companies PLC during the first quarter valued at $189,000.
About Rowan Companies PLC
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.
What are top analysts saying about Rowan Companies PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rowan Companies PLC and related companies.