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. Its fleet consists of approximately 30 mobile offshore drilling units, including self-elevating jack-up rigs and ultra-deepwater drillships. Its drilling fleet consists of approximately four ultra-deepwater drillships; 20 high-specification cantilever jack-up rigs, including three N-Class rigs, four EXL class rigs, three 240C class rigs, four enhanced Super Gorilla class rigs, one Gorilla class rig, and four Tarzan Class rigs, and eight cantilever jack-up rigs, including two Gorilla class rigs and six 116-C class rigs. The Company's fleet operates across the world, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling & Exploration
- Sub-Industry: Oil & Gas Drilling
- Exchange: NYSE
- Symbol: RDC
- CUSIP: G7665A10
- Previous Close: $18.62
- 50 Day Moving Average: $18.68
- 200 Day Moving Average: $16.18
- 52-Week Range: $12.00 - $21.68
- Trailing P/E Ratio: 4.85
- Foreward P/E Ratio: -28.16
- P/E Growth: -0.09
- Market Cap: $2.26B
- Outstanding Shares: 125,439,000
- Beta: 1.68
- Net Margins: 23.15%
- Return on Equity: 7.52%
- Return on Assets: 4.41%
Companies Related to Rowan Companies PLC:
- Debt-to-Equity Ratio: 0.44%
- Current Ratio: 2.22%
- Quick Ratio: 2.22%
What is Rowan Companies PLC's stock symbol?
Rowan Companies PLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "RDC."
Where is Rowan Companies PLC's stock going? Where will Rowan Companies PLC's stock price be in 2017?
28 equities research analysts have issued 12 month price targets for Rowan Companies PLC's stock. Their forecasts range from $14.00 to $26.00. On average, they expect Rowan Companies PLC's stock price to reach $18.26 in the next year.
When will Rowan Companies PLC announce their earnings?
Rowan Companies PLC is scheduled to release their next quarterly earnings announcement on Friday, February, 24th 2017.
What are analysts saying about Rowan Companies PLC stock?
Here are some recent quotes from research analysts about Rowan Companies PLC stock:
- Jefferies Group LLC analysts commented, "Meanwhile on RDC, FCF generation looks healthy and thus on a DCF basis we can see some upside still. However, we believe that the downside to Consensus estimates is large enough to suggest there is still 'real' disappointment risk in 2017-18. We think this is a function of the fact that although the jackup market likely improves as this year goes on, we see work as spotty and dayrates as likely not strong enough to result in cash flow ('rig EBITDA') that is materially better than if these rigs were to just stay idle. Further, although Saudi Aramco is willing to pay for healthy cash margin contracts, it is not obvious to us that other Middle East operators will do so..." (1/30/2017)
According to Zacks Investment Research, "Rowan Companies offers investors stable earnings and cash flow visibility, given its technologically advanced and versatile offshore drilling fleet, strong backlog and considerable pricing power. The company's decision to eliminate its dividend might have disappointed income investors but it has provided the much-needed stability to its balance sheet. We also appreciate Rowan’s cost-control initiatives like its decision to significantly lower its 2016 operating expenses. Owing to these strong fundamentals, the company has been able to outperform the Zacks categorized Oil & Gas – U.S. Exploration & Production industry, over a period of three months. However, the company remains unsure of its near-term prospects. With most companies slowing down on activity to manage costs, the company’s utilization rate will be affected and rigs downtime will be increased." (1/3/2017)
FBR & Co analysts commented, "Production from EOG’s wells that started production in 3Q15 and 4Q15 and now have at least six months of production and revenue generation (i.e., the latest wells with such data available) spiked versus EOG’s own previous wells and versus peer wells. Lateral placement appears to be the key to the spike in production and revenue generation." (9/19/2016)
Who owns Rowan Companies PLC stock?
Rowan Companies PLC's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.08%), FIL Ltd (3.88%), AQR Capital Management LLC (3.80%), State Street Corp (3.34%), Luminus Management LLC (2.05%) and Franklin Resources Inc. (1.94%).
Who sold Rowan Companies PLC stock? Who is selling Rowan Companies PLC stock?
Rowan Companies PLC's stock was sold by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Allianz Asset Management AG, Pinnacle Associates Ltd., Bowling Portfolio Management LLC, Van ECK Associates Corp, AQR Capital Management LLC, State Street Corp and Gabelli Funds LLC.
Who bought Rowan Companies PLC stock? Who is buying Rowan Companies PLC stock?
Rowan Companies PLC's stock was acquired by a variety of institutional investors in the last quarter, including Luminus Management LLC, Russell Investments Group Ltd., Franklin Resources Inc., Marshall Wace LLP, Thrivent Financial for Lutherans, Two Sigma Investments LP, Guggenheim Capital LLC and Numeric Investors LLC.
How do I buy Rowan Companies PLC stock?
Shares of Rowan Companies PLC can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Rowan Companies PLC stock cost?
One share of Rowan Companies PLC stock can currently be purchased for approximately $18.02.