Rowan Companies PLC Company Profile (NYSE:RDC)

About Rowan Companies PLC (NYSE:RDC)

Rowan Companies PLC 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. 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. The Company's fleet operates across the world, including the United States Gulf of Mexico (US GOM), the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad. As of February 14, 2017, the Company's drilling fleet consisted of four ultra-deepwater drillships; 19 high-specification cantilever jack-up rigs, and six premium cantilever jack-up rigs. Its jack-ups are capable of drilling wells to maximum depths ranging from 25,000 to 40,000 feet and in maximum water depths ranging from 300 to 550 feet, depending on rig size, location and outfitting.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Drilling
  • Sub-Industry: Oil & Gas Drilling
  • Symbol: NYSE:RDC
  • CUSIP: G7665A10
  • Web:
  • Market Cap: $1.67 billion
  • Outstanding Shares: 126,240,000
Average Prices:
  • 50 Day Moving Avg: $11.61
  • 200 Day Moving Avg: $12.06
  • 52 Week Range: $9.02 - $21.68
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -5.59
  • P/E Growth: 0.26
Sales & Book Value:
  • Annual Revenue: $1.43 billion
  • Price / Sales: 1.17
  • Book Value: $42.08 per share
  • Price / Book: 0.31
  • EBITDA: $627.2 million
  • Net Margins: -2.62%
  • Return on Equity: 0.51%
  • Return on Assets: 0.31%
  • Debt-to-Equity Ratio: 0.47%
  • Current Ratio: 5.00%
  • Quick Ratio: 5.00%
  • Average Volume: 3.63 million shs.
  • Beta: 1.88
  • Short Ratio: 4.74

Frequently Asked Questions for Rowan Companies PLC (NYSE:RDC)

What is Rowan Companies PLC's stock symbol?

Rowan Companies PLC trades on the New York Stock Exchange (NYSE) under the ticker symbol "RDC."

How were Rowan Companies PLC's earnings last quarter?

Rowan Companies PLC (NYSE:RDC) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.25) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.30) by $0.05. The company had revenue of $320.20 million for the quarter, compared to analyst estimates 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 firm's revenue was down 47.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. View Rowan Companies PLC's Earnings History.

When will Rowan Companies PLC make its next earnings announcement?

Rowan Companies PLC is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for Rowan Companies PLC.

Where is Rowan Companies PLC's stock going? Where will Rowan Companies PLC's stock price be in 2017?

18 equities research analysts have issued 12-month price objectives for Rowan Companies PLC's stock. Their forecasts range from $11.00 to $26.00. On average, they anticipate Rowan Companies PLC's share price to reach $16.47 in the next twelve months. View Analyst Ratings for Rowan Companies PLC.

What are analysts saying about Rowan Companies PLC stock?

Here are some recent quotes from research analysts about Rowan Companies PLC stock:

  • 1. According to Zacks Investment Research, "Rowan Cos offers investors stable earnings and cash flow visibility, given its technologically advanced and versatile offshore drilling fleet, strong backlog and considerable pricing power. Moreover, Rowan’s joint venture with Aramco is expected to drive higher utilizations for the drop-down rigs. Rowan’s cost-control initiatives are also noteworthy. Rowan outperformed the industry in the last three months and it has a strong earnings surprise history. Rowan’s earnings beat the Zacks Consensus Estimate in three of the four quarters with an average positive earnings surprise of 777.27%." (10/17/2017)
  • 2. Jefferies Group LLC analysts commented, "RDC solidified, if not modestly strengthened, our sense of the relatively healthy demand outlook for many of its jackups through the medium-term, and we continue to see healthy FCF generation through the long-term. However, we see ample downside risk to estimates through 2018E, as we believe the spottiness of work as the cycle turns, and the likelihood of depressed dayrates through 2018 suggest (much) weaker earnings than is appreciated. Maintain Hold." (2/25/2017)

Who are some of Rowan Companies PLC's key competitors?

Who are Rowan Companies PLC's key executives?

Rowan Companies PLC's management team includes the folowing people:

  • Thomas P. Burke, President, Chief Executive Officer, Director
  • Stephen M. Butz, Chief Financial Officer, Executive Vice President, Treasurer
  • T. Fred Brooks, Executive Vice President - Operations and Engineering
  • Mark A. Keller, Executive Vice President - Business Development
  • Dennis S. Baldwin, Chief Accounting Officer
  • William E. Albrecht, Non-Executive Independent Chairman of the Board
  • Thomas R. Hix, Non-Executive Independent Director
  • Jack B. Moore, Non-Executive Independent Director
  • Suzanne P. Nimocks, Non-Executive Independent Director
  • John J. Quicke, Non-Executive Independent Director

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.

What is Rowan Companies PLC's stock price today?

One share of Rowan Companies PLC stock can currently be purchased for approximately $13.24.

MarketBeat Community Rating for Rowan Companies PLC (NYSE RDC)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  418 (Vote Outperform)
Underperform Votes:  669 (Vote Underperform)
Total Votes:  1,087
MarketBeat's community ratings are surveys of what our community members think about Rowan Companies PLC and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Rowan Companies PLC (NYSE:RDC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 12 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.11)
Consensus Price Target: $16.47 (24.37% upside)
Consensus Price Target History for Rowan Companies PLC (NYSE:RDC)
Price Target History for Rowan Companies PLC (NYSE:RDC)
Analysts' Ratings History for Rowan Companies PLC (NYSE:RDC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/17/2017BMO Capital MarketsSet Price TargetHold$12.00N/AView Rating Details
10/10/2017Deutsche Bank AGInitiated CoverageHold$15.00N/AView Rating Details
10/8/2017Royal Bank Of CanadaSet Price TargetHold$14.00N/AView Rating Details
8/4/2017Barclays PLCReiterated RatingHold$14.00HighView Rating Details
8/3/2017NomuraLower Price TargetNeutral$14.00 -> $13.00LowView Rating Details
8/3/2017Cowen and CompanyReiterated RatingHold$15.00LowView Rating Details
7/20/2017Seaport Global SecuritiesUpgradeSell -> Neutral$10.00 -> $11.00HighView Rating Details
7/18/2017Jefferies Group LLCReiterated RatingHold$15.00 -> $12.00LowView Rating Details
6/30/2017Bank of America CorporationDowngradeNeutral -> UnderperformLowView Rating Details
5/30/2017Clarkson CapitalUpgradeNeutral -> Buy$20.00MediumView Rating Details
4/28/2017Fearnley FondsUpgradeBuyLowView Rating Details
4/21/2017Credit Suisse GroupReiterated RatingHold$21.00LowView Rating Details
3/23/2017Tudor PickeringInitiated CoverageHoldLowView Rating Details
3/22/2017ScotiabankReiterated RatingHold$22.00LowView Rating Details
2/10/2017MizuhoDowngradeNeutral -> Underperform$26.00N/AView Rating Details
12/27/2016Zephirin GroupReiterated RatingBuy$20.00 -> $22.00N/AView Rating Details
11/3/2016Societe GeneraleUpgradeSell -> Hold$14.00N/AView Rating Details
11/3/2016FBR & CoLower Price TargetOutperform$25.00 -> $16.00N/AView Rating Details
10/10/2016Citigroup Inc.Boost Price TargetNeutral$15.00 -> $16.00N/AView Rating Details
9/22/2016Evercore ISIReiterated RatingBuyN/AView Rating Details
9/16/2016Piper Jaffray CompaniesLower Price TargetOverweight$15.50 -> $14.15N/AView Rating Details
9/14/2016Howard WeilInitiated CoverageSector Perform$17.00N/AView Rating Details
8/3/2016J P Morgan Chase & CoSet Price TargetBuy$19.00N/AView Rating Details
7/26/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
7/12/2016StephensUpgradeEqual Weight -> Overweight$18.00 -> $23.00N/AView Rating Details
7/5/2016Iberia CapitalDowngradeOutperform -> Sector Perform$19.00N/AView Rating Details
6/13/2016Johnson RiceUpgradeAccumulate -> BuyN/AView Rating Details
2/29/2016Susquehanna Bancshares IncBoost Price Target$13.00 -> $14.00N/AView Rating Details
2/29/2016KLR GroupLower Price TargetBuy$21.00 -> $17.00N/AView Rating Details
1/28/2016Morgan StanleyUpgradeUnderweight -> Equal Weight$20.00 -> $17.00N/AView Rating Details
1/21/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$13.75 -> $13.00N/AView Rating Details
12/28/2015Imperial CapitalDowngradeSellN/AView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$24.00N/AView Rating Details
(Data available from 10/19/2015 forward)


Earnings History for Rowan Companies PLC (NYSE:RDC)
Earnings by Quarter for Rowan Companies PLC (NYSE:RDC)
Earnings History by Quarter for Rowan Companies PLC (NYSE RDC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/1/2017($0.42)N/AView Earnings Details
8/2/2017Q2 2017($0.30)($0.25)$296.87 million$320.20 millionViewListenView Earnings Details
5/2/2017Q1 2017$0.13$0.07$358.01 million$374.30 millionViewListenView Earnings Details
2/24/2017Q416($0.06)$0.08$343.71 million$351.80 millionViewN/AView Earnings Details
11/1/2016Q316($0.02)$0.30$362.38 million$379.40 millionViewN/AView Earnings Details
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)


Earnings Estimates for Rowan Companies PLC (NYSE:RDC)
2017 EPS Consensus Estimate: ($0.73)
2018 EPS Consensus Estimate: ($2.15)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175($0.16)$0.16$0.05
Q2 20175($0.44)($0.03)($0.24)
Q3 20175($0.43)($0.05)($0.26)
Q4 20175($0.48)($0.11)($0.27)
Q1 20181($0.35)($0.35)($0.35)
Q2 20181($0.52)($0.52)($0.52)
Q3 20181($0.58)($0.58)($0.58)
Q4 20181($0.70)($0.70)($0.70)
Q1 20191($0.80)($0.80)($0.80)
Q2 20191($0.79)($0.79)($0.79)
(Data provided by Zacks Investment Research)


Current Dividend Information for Rowan Companies PLC (NYSE:RDC)
Most Recent Dividend:11/23/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Track Record:2 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Rowan Companies PLC (NYSE:RDC)

Dividend History by Quarter for Rowan Companies PLC (NYSE RDC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Rowan Companies PLC (NYSE:RDC)
Insider Ownership Percentage: 0.77%
Insider Trades by Quarter for Rowan Companies PLC (NYSE:RDC)
Institutional Ownership by Quarter for Rowan Companies PLC (NYSE:RDC)
Insider Trades by Quarter for Rowan Companies PLC (NYSE:RDC)
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)


Headline Trends for Rowan Companies PLC (NYSE:RDC)
Latest Headlines for Rowan Companies PLC (NYSE:RDC)
DateHeadline logoFinancial Survey: Rowan Companies PLC (RDC) & Its Peers - October 18 at 12:12 AM logoRowan Companies PLC (RDC) Rating Increased to Buy at Zacks Investment Research - October 17 at 1:34 PM logoRowan Schedules 3rd Quarter 2017 Earnings Release Date and Conference Call - October 17 at 6:39 AM logoRowan Companies PLC (RDC) and The Competition Head to Head Comparison - October 13 at 6:52 PM logoZacks: Brokerages Expect Rowan Companies PLC (RDC) Will Announce Quarterly Sales of $276.42 Million - October 12 at 10:36 AM logoRowan Companies PLC's (RDC) Hold Rating Reiterated at Royal Bank Of Canada - October 8 at 6:02 AM logoHow Does Rowan Companies plc (RDC) Affect Your Portfolio Returns? - October 6 at 5:52 AM logoQ3 2017 EPS Estimates for Rowan Companies PLC Raised by Jefferies Group (RDC) - October 2 at 1:22 AM logoWall Street's M&A Chatter From September 25: T-Mobile-Sprint, Rowan Cos, Genuine Parts-Alliance Automotive Group - September 28 at 8:57 AM logoWhy Rowan-Maersk Rumor Makes No Sense - Seeking Alpha - September 28 at 12:15 AM logoRowan Rumored To Acquire Maersk Drilling - Seeking Alpha - September 28 at 12:15 AM logoRowan Companies PLC (RDC) Given Consensus Recommendation of "Hold" by Brokerages - September 27 at 12:54 PM logoComparing Rowan Companies PLC (RDC) & Nabors Industries (NBR) - September 25 at 6:30 PM logo-$0.47 Earnings Per Share Expected for Rowan Companies PLC (RDC) This Quarter - September 21 at 2:26 PM logoFinancial Review: Rowan Companies PLC (RDC) & Its Rivals - September 20 at 8:08 AM logoIs It Too Late To Buy Rowan Companies plc (RDC)? - September 19 at 7:02 AM logoContrasting Rowan Companies PLC (RDC) & Its Competitors - September 18 at 6:23 PM logoRowan (RDC) Down 11.7% Since Earnings Report: Can It Rebound? - September 8 at 7:33 AM logoCritical Contrast: Rowan Companies PLC (RDC) versus Atwood Oceanics (ATW) - September 3 at 2:12 AM logo-$0.49 Earnings Per Share Expected for Rowan Companies PLC (RDC) This Quarter - September 2 at 10:22 PM logoRowan Companies PLC (RDC) Receives Consensus Recommendation of "Hold" from Analysts - September 2 at 12:36 PM logoRowan Companies PLC (RDC) Given "Sector Perform" Rating at Royal Bank Of Canada - August 25 at 8:18 AM logoOffshore Rig Count Fell by 2 Rigs Last Week - August 24 at 11:50 AM logoETFs with exposure to Rowan Cos. Plc : August 21, 2017 - August 23 at 10:32 AM logoRowan (RDC) to Lay Off Workers on Rigs at GoM: Here's Why - August 19 at 6:56 AM logo$278.34 Million in Sales Expected for Rowan Companies PLC (RDC) This Quarter - August 17 at 9:00 AM logoFY2017 EPS Estimates for Rowan Companies PLC Lifted by Analyst (RDC) - August 16 at 8:20 AM logoRowan Cos. Plc :RDC-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 - August 11 at 7:58 AM logoRowan Companies PLC (NYSE:RDC) Receives Average Recommendation of "Hold" from Brokerages - August 8 at 12:44 PM logoQ3 2017 EPS Estimates for Rowan Companies PLC (NYSE:RDC) Cut by Seaport Global Securities - August 7 at 7:34 AM logoBarclays PLC Reaffirms Hold Rating for Rowan Companies PLC (NYSE:RDC) - August 6 at 9:26 AM logoRowan Companies PLC (RDC) Given a $12.00 Price Target at BMO Capital Markets - August 6 at 8:12 AM logoRowan Cos. Plc breached its 50 day moving average in a Bearish Manner : RDC-US : August 3, 2017 - August 4 at 7:26 AM logoEdited Transcript of RDC earnings conference call or presentation 2-Aug-17 3:00pm GMT - August 4 at 7:26 AM logoRowan Cos. Plc – Value Analysis (NYSE:RDC) : August 4, 2017 - August 4 at 7:26 AM logoCapital One Financial Corporation Comments on Rowan Companies PLC's Q3 2017 Earnings (NYSE:RDC) - August 4 at 7:02 AM logoContrasting Transocean Partners (RIGP) and Rowan Companies PLC (RDC) - August 3 at 4:16 PM logoInvestor Network: Rowan Cos. Plc to Host Earnings Call - August 3 at 7:22 AM logoRowan Companies PLC (RDC) Posts Earnings Results, Beats Estimates By $0.05 EPS - August 2 at 3:46 PM logoRowan Reports Second Quarter 2017 Results - August 2 at 7:04 AM logoWhy Moody’s Downgraded Rowan Companies ahead of 2Q17 Results - August 1 at 5:28 AM logoRowan Companies PLC (RDC) Set to Announce Earnings on Wednesday - July 27 at 3:04 PM logoRowan Companies, Inc. -- Moody's downgrades Rowan to B2; outlook negative - July 27 at 6:45 AM logoFinancial Review: Seadrill Limited (SDRL) and Rowan Companies PLC (RDC) - July 26 at 8:28 AM logoWhat’s Going On with US Crude Oil Rig Counts - July 24 at 5:41 PM logoRowan Companies PLC Forecasted to Earn Q2 2017 Earnings of ($0.36) Per Share (NYSE:RDC) - July 24 at 7:06 AM logoAnalyzing Rowan Companies PLC (NYSE:RDC) and Diamond Offshore Drilling (DO) - July 22 at 6:50 PM logoRowan Cos. Plc breached its 50 day moving average in a Bearish Manner : RDC-US : July 21, 2017 - July 22 at 8:07 AM logoRoyal Bank Of Canada Reiterates "Sell" Rating for Rowan Companies PLC (RDC) - July 20 at 4:34 PM logoRowan Companies PLC (RDC) Stock Rating Upgraded by Seaport Global Securities - July 20 at 9:04 AM



Rowan Companies PLC (RDC) Chart for Thursday, October, 19, 2017

This page was last updated on 10/19/2017 by Staff

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