Rowan Companies PLC (RDC) Earning Somewhat Favorable Media Coverage, Analysis Shows

News articles about Rowan Companies PLC (NYSE:RDC) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rowan Companies PLC earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.6195821687698 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of equities research analysts recently commented on the company. ValuEngine lowered Rowan Companies PLC from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Royal Bank Of Canada set a $14.00 price target on Rowan Companies PLC and gave the stock a “hold” rating in a research report on Sunday. Nomura decreased their price target on Rowan Companies PLC from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 3rd. BMO Capital Markets set a $12.00 price target on Rowan Companies PLC and gave the stock a “hold” rating in a research report on Saturday, August 5th. Finally, TheStreet lowered Rowan Companies PLC from a “c” rating to a “d” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.38.

Shares of Rowan Companies PLC (NYSE RDC) traded up 0.53% on Wednesday, reaching $13.37. The company’s stock had a trading volume of 1,874,690 shares. Rowan Companies PLC has a 52-week low of $9.02 and a 52-week high of $21.68. The firm has a 50 day moving average of $11.20 and a 200 day moving average of $12.09. The company’s market cap is $1.69 billion.

Rowan Companies PLC (NYSE:RDC) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.25) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.05. The firm had revenue of $320.20 million for the quarter, compared to analysts’ expectations of $296.87 million. Rowan Companies PLC had a negative net margin of 2.62% and a positive return on equity of 0.51%. The company’s revenue was down 47.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Analysts predict that Rowan Companies PLC will post ($0.96) earnings per share for the current year.

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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.

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