Rowan Cos. Company Profile (NYSE:RDC)

About Rowan Cos.

Rowan Cos. logoRowan 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
Key Metrics:
  • Previous Close: $13.35
  • 50 Day Moving Average: $13.35
  • 200 Day Moving Average: $16.03
  • 52-Week Range: $10.67 - $21.83
  • Trailing P/E Ratio: 7.46
  • Foreward P/E Ratio: -36.08
  • P/E Growth: -0.08
  • Market Cap: $1.67B
  • Outstanding Shares: 125,420,000
  • Beta: 1.61
Profitability:
  • Net Margins: 10.24%
  • Return on Equity: 9.22%
  • Return on Assets: 5.32%
Debt:
  • Debt-to-Equity Ratio: 0.52%
  • Current Ratio: 4.36%
  • Quick Ratio: 4.36%
Additional Links:
Companies Related to Rowan Cos.:

Analyst Ratings

Consensus Ratings for Rowan Cos. (NYSE:RDC) (?)
Ratings Breakdown: 4 Sell Ratings, 17 Hold Ratings, 11 Buy Ratings
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $17.85 (33.72% upside)

Analysts' Ratings History for Rowan Cos. (NYSE:RDC)
Show:
DateFirmActionRatingPrice TargetDetails
9/23/2016Credit Suisse Group AGDowngradeOutperform -> Neutral$15.00 -> $13.00View Rating Details
9/22/2016Evercore ISIReiterated RatingBuyView Rating Details
9/19/2016Zephirin GroupUpgradeHold -> Buy$18.00View Rating Details
9/19/2016FBR & CoReiterated RatingBuyView Rating Details
9/16/2016Piper Jaffray Cos.Lower Price TargetOverweight$15.50 -> $14.15View Rating Details
9/14/2016ScotiabankInitiated CoverageSector Perform$17.00View Rating Details
9/14/2016Howard WeilInitiated CoverageSector Perform$17.00View Rating Details
8/25/2016Citigroup Inc.Lower Price TargetNeutral$20.00 -> $15.00View Rating Details
8/17/2016Jefferies GroupReiterated RatingBuy$18.00View Rating Details
8/16/2016NomuraSet Price TargetHold$14.00View Rating Details
8/13/2016RBC Capital MarketsReiterated RatingSector Perform$22.00 -> $16.00View Rating Details
8/12/2016Royal Bank Of CanadaLower Price TargetSector Perform$22.00 -> $16.00View Rating Details
8/3/2016Deutsche Bank AGBoost Price TargetHold$16.00 -> $20.00View Rating Details
8/3/2016JPMorgan Chase & Co.Set Price TargetBuy$19.00View Rating Details
7/26/2016Raymond James Financial Inc.DowngradeOutperform -> Market PerformView Rating Details
7/12/2016StephensUpgradeEqual Weight -> Overweight$18.00 -> $23.00View Rating Details
7/5/2016Iberia CapitalDowngradeOutperform -> Sector Perform$19.00View Rating Details
6/13/2016Johnson RiceUpgradeAccumulate -> BuyView Rating Details
6/13/2016Bank of America Corp.Reiterated RatingUnderperformView Rating Details
4/11/2016Clarkson CapitalReiterated RatingNeutralView Rating Details
3/28/2016Barclays PLCLower Price TargetEqual Weight$13.00 -> $12.00View Rating Details
3/21/2016Cowen and CompanyLower Price Target$16.00 -> $14.00View Rating Details
3/14/2016Seaport Global SecuritiesUpgradeNeutral -> Buy$12.00 -> $19.00View Rating Details
3/9/2016Fearnley FondsReiterated RatingAccumulate -> ReduceView Rating Details
2/29/2016SusquehannaBoost Price Target$13.00 -> $14.00View Rating Details
2/29/2016KLR GroupLower Price TargetBuy$21.00 -> $17.00View Rating Details
1/28/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$20.00 -> $17.00View Rating Details
1/21/2016Goldman Sachs Group Inc.Lower Price TargetNeutral$13.75 -> $13.00View Rating Details
12/28/2015Imperial CapitalDowngradeSellView Rating Details
12/22/2015Credit Agricole SADowngradeOutperform -> UnderperformView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$24.00View Rating Details
11/4/2015Societe GeneraleBoost Price TargetHold$20.00 -> $22.00View Rating Details
10/8/2015KeyCorpInitiated CoverageSector WeightView Rating Details
9/9/2015Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
2/23/2015Capital One Financial Corp.DowngradeOverweight -> Equal WeightView Rating Details
2/18/2015BMO Capital MarketsInitiated CoverageMarket Perform$25.00View Rating Details
2/4/2015Nordea Equity ResearchDowngradeHold -> Sell$23.00 -> $18.00View Rating Details
10/21/2014RS PlatouUpgradeNeutral -> BuyView Rating Details
(Data available from 9/28/2014 forward)

Earnings

Earnings History for Rowan Cos. (NYSE:RDC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2016        
8/2/2016Q216$0.81$0.75$470.98 million$611.90 millionViewN/AView Earnings Details
5/4/2016Q116$0.72$0.98$492.85 million$500.20 millionViewN/AView Earnings Details
2/26/2016Q415$0.74$0.95$530.16 million$535.80 millionViewListenView Earnings Details
11/3/2015Q315$0.52$0.89$520.09 million$545.40 millionViewN/AView Earnings Details
8/5/2015Q215$0.55$0.70$507.16 million$508.70 millionViewN/AView Earnings Details
5/6/2015Q115$0.70$0.99$533.08 million$547.00 millionViewN/AView Earnings Details
2/27/2015Q414$0.89$0.89$529.90 million$556.20 millionViewListenView Earnings Details
11/5/2014Q314$0.54$0.63$465.30 million$467.70 millionViewListenView Earnings Details
8/6/2014Q214$0.24$0.33$416.20 million$422.90 millionViewListenView Earnings Details
5/6/2014Q114$0.21$0.28$375.53 million$377.60 millionViewListenView Earnings Details
2/27/2014Q4$0.41$0.42$389.21 million$393.40 millionViewListenView Earnings Details
11/5/2013Q313$0.43$0.42$382.90 million$382.80 millionViewListenView Earnings Details
8/6/2013Q2 2013$0.56$0.57$399.84 million$408.90 millionViewListenView Earnings Details
5/1/2013Q1 2013$0.53$0.55$386.49 million$394.20 millionViewListenView Earnings Details
2/28/2013Q4 2012$0.48$0.57$356.28 million$354.20 millionViewListenView Earnings Details
10/31/2012$0.48$0.21ViewN/AView Earnings Details
8/2/2012$0.51$0.51ViewN/AView Earnings Details
5/2/2012$0.35$0.42ViewN/AView Earnings Details
2/28/2012$0.32$0.36ViewN/AView Earnings Details
11/1/2011$0.39$1.53ViewN/AView Earnings Details
8/2/2011$0.34$0.38ViewN/AView Earnings Details
5/3/2011$0.29$0.24ViewN/AView Earnings Details
2/25/2011$0.29$0.42ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Rowan Cos. (NYSE:RDC)
Current Year EPS Consensus Estimate: $1.68 EPS
Next Year EPS Consensus Estimate: $-0.37 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 201611$0.53$0.75$0.68
Q2 20167$0.56$0.76$0.66
Q3 20167($0.16)$0.62$0.09
Q4 20167($0.15)$0.74$0.17
Q1 20174($0.16)$0.34$0.07
Q2 20174($0.22)$0.09($0.09)
Q3 20174($0.22)($0.05)($0.16)
Q4 20174($0.16)$0.25($0.02)
Q1 20181($0.09)($0.09)($0.09)
Q2 20181($0.16)($0.16)($0.16)
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Rowan Cos. (NYSE:RDC)
Annual Dividend:$0.10
Dividend Yield:0.75%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:5.65% (Based on Trailing 12 Months of Earnings)
5.95% (Based on Current Year Consensus EPS Estimate)
-27.03% (Based on Next Year Consensus EPS Estimate)

Dividend History for Rowan Cos. (NYSE:RDC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/29/2015quarterly$0.101.91%11/5/201511/9/201511/23/2015
7/31/2015quarterly$0.102.41%8/7/20158/11/20158/25/2015
5/1/2015quarterly$0.105/8/20155/12/20155/26/2015
1/29/2015quarterly$0.101.89%2/5/20152/9/20153/3/2015
10/30/2014quarterly$0.101.68%11/6/201411/11/201411/25/2014
7/31/2014quarterly$0.101.39%8/7/20148/11/20148/26/2014
4/25/2014quarterly$0.101.29%5/1/20145/5/20145/20/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Rowan Cos. (NYSE:RDC)
Insider Ownership Percentage: 0.97%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/19/2015Tore I SandvoldDirectorBuy5,000$22.29$111,450.00View SEC Filing  
6/11/2014Frankie Derek NecaiseSVPSell4,360$31.96$139,345.60View SEC Filing  
6/11/2014John L BuvensVPSell55,000$31.96$1,757,800.00View SEC Filing  
6/10/2014Mark A KellerVPSell49,000$32.20$1,577,800.00View SEC Filing  
3/5/2014Suzanne NimocksDirectorBuy1,200$32.77$39,324.00View SEC Filing  
3/4/2014Thomas HixDirectorBuy5,000$32.76$163,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Rowan Cos. (NYSE:RDC)
DateHeadline
News Icon2 Stocks Attracting Analyst Attention: Wabash National Corporation (NYSE:WNC), Rowan Companies PLC (NYSE:RDC) - The Voice Registrar (NYSE:RDC)
voiceregistrar.com - September 27 at 11:36 AM
News IconAnalysts Recommendation and Rating Review: Rowan Companies ... - Post Registrar (NYSE:RDC)
postregistrar.com - September 26 at 7:02 PM
marketrealist.com logoDoes US Natural Gas Production Depend on Natural Gas Rigs? (NYSE:RDC)
marketrealist.com - September 26 at 11:48 AM
News IconStock Grabbing Investor's Attention: Rowan Companies plc (NYSE:RDC), Murphy Oil Corporation (NYSE:MUR) - Newburgh Press (NYSE:RDC)
newburghpress.com - September 23 at 6:31 PM
finance.yahoo.com logoRowan Cos downgraded by Credit Suisse (NYSE:RDC)
finance.yahoo.com - September 23 at 6:31 PM
News IconRowan Companies plc (NYSE:RDC) Upcoming Earnings: What matter for investors? - The Voice Registrar (NYSE:RDC)
voiceregistrar.com - September 22 at 11:48 AM
News IconRowan Cos. (RDC) Price Target Lowered to $14.15 at Piper Jaffray Cos (NYSE:RDC)
thelakeandeswave.com - September 21 at 11:02 AM
News IconStock in the Traders Limelight- Rowan Companies plc's (RDC) - Hot Stocks Point (NYSE:RDC)
www.hotstockspoint.com - September 19 at 11:33 AM
seekingalpha.com logoRowan Announced A New Deal With Cobalt And Its Drillship Rowan Reliance (NYSE:RDC)
seekingalpha.com - September 16 at 6:47 PM
finance.yahoo.com logoRowan (RDC) Amends Cobalt International Drilling Contract (NYSE:RDC)
finance.yahoo.com - September 16 at 6:47 PM
News IconCisco Systems, Inc. (NASDAQ:CSCO) & Rowan Companies PLC (NYSE:RDC) UPDATE ON U.S STOCKS : 15 SEP 2016 - Money News (NYSE:RDC)
www.newsismoney.com - September 16 at 10:32 AM
News IconAnalysts Valuations For Two Stocks: Rowan Companies PLC (NYSE:RDC), Guess', Inc. (NYSE:GES) - The Voice Registrar (NYSE:RDC)
voiceregistrar.com - September 16 at 10:32 AM
stocksdaily.net logoRowan Companies plc (NYSE:RDC) Held $484.228 In Cash And Short-Term Investments (NYSE:RDC)
www.stocksdaily.net - September 15 at 7:02 PM
publicnow.com logoRowan Announces Amendment of Customer Contract (NYSE:RDC)
www.publicnow.com - September 15 at 7:02 PM
mysmartrend.com logoRowan Shares Down 20.2% Since SmarTrend's Sell Call (RDC) (NYSE:RDC)
www.mysmartrend.com - September 15 at 10:32 AM
seekingalpha.com logoRowan Companies - Strong Financials But Less Potential (NYSE:RDC)
seekingalpha.com - September 14 at 11:23 AM
seekingalpha.com logoRowan Companies - Strong Financials But Less Potential - Seeking Alpha (NYSE:RDC)
seekingalpha.com - September 12 at 11:37 AM
News IconAnalysts Recommendation on Rowan Companies PLC (NYSE:RDC) - Post Registrar (NYSE:RDC)
postregistrar.com - September 11 at 6:24 PM
capitalcube.com logoETF’s with exposure to Rowan Cos. Plc : September 9, 2016 (NYSE:RDC)
www.capitalcube.com - September 9 at 11:45 AM
News IconStock Sliding Down Over the Last Month: Rowan Companies plc (NYSE:RDC) - Post News (NYSE:RDC)
www.kentuckypostnews.com - September 8 at 10:49 AM
seekingalpha.com logoRowan Companies (Update) - Another Early Termination For Convenience And A New Contract Announced. - Seeking Alpha (NYSE:RDC)
seekingalpha.com - September 8 at 10:49 AM
biz.yahoo.com logoROWAN COMPANIES PLC Files SEC form 8-K, Regulation FD Disclosure, Other Events (NYSE:RDC)
biz.yahoo.com - September 7 at 10:36 AM
News IconAnalysts Valuations For Two Stocks: Rowan Companies PLC (NYSE ... - The Voice Registrar (NYSE:RDC)
voiceregistrar.com - September 3 at 6:09 PM
marketrealist.com logoOffshore Drilling’s Valuation in August (NYSE:RDC)
marketrealist.com - September 1 at 10:08 AM
forbes.com logoRDC Crosses Critical Technical Indicator (NYSE:RDC)
www.forbes.com - August 30 at 12:48 PM
News IconRowan Companies Plc (RDC): Blue Harbour Group Enters Into Nomination and Support Agreement; Charles L. Szews Appointed to the Board (NYSE:RDC)
feedproxy.google.com - August 24 at 4:34 PM
nasdaq.com logoRowan Companies (RDC) Appoints New Board Member - Nasdaq (NYSE:RDC)
www.nasdaq.com - August 23 at 7:11 PM
marketrealist.com logoAnalysts’ Recommendations for Seadrill before 2Q16 Earnings (NYSE:RDC)
marketrealist.com - August 23 at 11:33 AM
News IconNotable Runners: Wynn Resorts, Limited(NASDAQ:WYNN), Rowan Companies PLC(NYSE:RDC) - NYSE Journal (press release) (NYSE:RDC)
stockznews.com - August 22 at 6:57 PM
publicnow.com logoRowan Companies Appoints New Board Member (NYSE:RDC)
www.publicnow.com - August 22 at 6:57 PM
realistinvestor.com logoRowan Companies plc (NYSE:RDC) Reports Accounts Payable Of $109.644 (NYSE:RDC)
www.realistinvestor.com - August 19 at 10:02 AM
finance.yahoo.com logoRowan Companies: Worth Considering on Strong Fundamentals (NYSE:RDC)
finance.yahoo.com - August 18 at 7:21 PM
News IconTransocean LTD (NYSE:RIG) & Rowan Companies PLC (NYSE:RDC) Stocks in the News - Money News (press release) (NYSE:RDC)
www.newsismoney.com - August 17 at 7:25 PM
finance.yahoo.com logoOffshore Drillers Reviewed By Jefferies (NYSE:RDC)
finance.yahoo.com - August 17 at 7:25 PM
marketwatch.com logoRowan to Present at Barclays CEO Energy-Power Conference (NYSE:RDC)
www.marketwatch.com - August 17 at 10:04 AM
News IconAnalysts Estimates and Ratings: Rowan Companies plc (NYSE:RDC) (NYSE:RDC)
myhealthbowl.com - August 16 at 10:23 AM
biz.yahoo.com logoROWAN COMPANIES PLC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:RDC)
biz.yahoo.com - August 11 at 10:21 AM
News IconPay Close Attention To Analyst Ratings For Rowan Companies PLC (NYSE:RDC) - The Voice Registrar (NYSE:RDC)
voiceregistrar.com - August 10 at 10:11 AM
News IconInfluential Analyst Rating Changes: Rowan Companies plc (NYSE:RDC), United Continental Holdings, Inc. (NYSE:UAL) - TWN (NYSE:RDC)
thewellesleysnews.com - August 9 at 7:21 PM
fortune.com logoRowan Companies plc (NYSE:RDC) Insiders Seem Vary About Prospects - Review Fortune (NYSE:RDC)
reviewfortune.com - August 9 at 7:21 PM
capitalcube.com logoETF’s with exposure to Rowan Cos. Plc : August 8, 2016 (NYSE:RDC)
www.capitalcube.com - August 8 at 7:17 PM
marketrealist.com logoA Look at Rowan’s Financial Health after 2Q16 Results (NYSE:RDC)
marketrealist.com - August 8 at 11:46 AM
finance.yahoo.com logoROWAN COMPANIES PLC Financials (NYSE:RDC)
finance.yahoo.com - August 6 at 7:07 PM
realistinvestor.com logoRowan Companies plc (NYSE:RDC) Quarterly Accounts Payable At $109.644 Millions - RealistInvestor.com (NYSE:RDC)
www.realistinvestor.com - August 5 at 7:18 PM
seekingalpha.com logoRowan Companies - All You Need To Know About The Q2 '16 Results (NYSE:RDC)
seekingalpha.com - August 5 at 10:05 AM
seekingalpha.com logoRowan Cos. Plc (RDC) Thomas Peter Burke on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:RDC)
seekingalpha.com - August 4 at 7:32 PM
News IconTechnical Evaluation For Rowan Companies PLC (NYSE:RDC) (NYSE:RDC)
lovingfutbol.com - August 4 at 10:14 AM
streetinsider.com logoJefferies Cuts Price Target on Rowan Cos. (RDC) to $18; Reiterates Buy (NYSE:RDC)
www.streetinsider.com - August 4 at 10:14 AM
zacks.com logoRowan (RDC) Posts Stellar Q2 Earnings Despite Market Woes (NYSE:RDC)
www.zacks.com - August 3 at 10:18 AM
finance.yahoo.com logoEdited Transcript of RDC earnings conference call or presentation 2-Aug-16 3:00pm GMT (NYSE:RDC)
finance.yahoo.com - August 3 at 10:18 AM

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Rowan Cos. (NYSE:RDC) Chart for Wednesday, September, 28, 2016


Last Updated on 9/28/2016 by MarketBeat.com Staff