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: $13.01
  • 50 Day Moving Average: $15.29
  • 200 Day Moving Average: $16.04
  • Trailing P/E Ratio: 7.27
  • Foreward P/E Ratio: 433.67
  • P/E Growth: -0.08
  • Market Cap: $1.63B
  • Outstanding Shares: 125,420,000
  • Beta: 1.56
Additional Links:
Companies Related to Rowan Cos.:

Analyst Ratings

Consensus Ratings for Rowan Cos. (NYSE:RDC) (?)
Ratings Breakdown: 4 Sell Ratings, 15 Hold Ratings, 10 Buy Ratings
Consensus Rating:Hold (Score: 2.21)
Consensus Price Target: $18.43 (41.70% upside)

Analysts' Ratings History for Rowan Cos. (NYSE:RDC)
DateFirmActionRatingPrice TargetDetails
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
7/7/2016Evercore ISIReiterated RatingBuy$22.00 -> $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
5/5/2016FBR & CoReiterated RatingBuyView 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
2/29/2016Credit Suisse Group AGLower Price TargetOutperform$23.00 -> $16.00View 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
12/14/2015Howard WeilBoost Price Target$22.00 -> $23.00View 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
5/4/2015Zephirin GroupSet Price TargetBuy$30.00View 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
9/23/2014Wells Fargo & Co.Initiated CoverageMarket PerformView Rating Details
(Data available from 8/26/2014 forward)


Earnings History for Rowan Cos. (NYSE:RDC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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 Cos. (NYSE:RDC)
Current Year EPS Consensus Estimate: $1.68 EPS
Next Year EPS Consensus Estimate: $0.03 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$0.10
Q4 20167($0.15)$0.74$0.20
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)


Current Dividend Information for Rowan Cos. (NYSE:RDC)
Annual Dividend:$0.10
Dividend Yield:0.77%
Payout Ratio:5.65% (Based on Trailing 12 Months of Earnings)
5.95% (Based on Current Year Consensus EPS Estimate)
333.33% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:0.00% (3 Year Average)

Dividend History for Rowan Cos. (NYSE:RDC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Rowan Cos. (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)


Latest Headlines for Rowan Cos. (NYSE:RDC)
News IconRowan Companies Plc (RDC): Blue Harbour Group Enters Into Nomination and Support Agreement; Charles L. Szews Appointed to the Board (NYSE:RDC) - August 24 at 4:34 PM logoRowan Companies (RDC) Appoints New Board Member - Nasdaq (NYSE:RDC) - August 23 at 7:11 PM logoAnalysts’ Recommendations for Seadrill before 2Q16 Earnings (NYSE:RDC) - 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) - August 22 at 6:57 PM logoRowan Companies Appoints New Board Member (NYSE:RDC) - August 22 at 6:57 PM logoRowan Companies plc (NYSE:RDC) Reports Accounts Payable Of $109.644 (NYSE:RDC) - August 19 at 10:02 AM logoRowan Companies: Worth Considering on Strong Fundamentals (NYSE:RDC) - 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) - August 17 at 7:25 PM logoOffshore Drillers Reviewed By Jefferies (NYSE:RDC) - August 17 at 7:25 PM logoRowan to Present at Barclays CEO Energy-Power Conference (NYSE:RDC) - August 17 at 10:04 AM
News IconAnalysts Estimates and Ratings: Rowan Companies plc (NYSE:RDC) (NYSE:RDC) - August 16 at 10:23 AM logoROWAN COMPANIES PLC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:RDC) - August 11 at 10:21 AM
News IconPay Close Attention To Analyst Ratings For Rowan Companies PLC (NYSE:RDC) - The Voice Registrar (NYSE:RDC) - 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) - August 9 at 7:21 PM logoRowan Companies plc (NYSE:RDC) Insiders Seem Vary About Prospects - Review Fortune (NYSE:RDC) - August 9 at 7:21 PM logoETF’s with exposure to Rowan Cos. Plc : August 8, 2016 (NYSE:RDC) - August 8 at 7:17 PM logoA Look at Rowan’s Financial Health after 2Q16 Results (NYSE:RDC) - August 8 at 11:46 AM logoROWAN COMPANIES PLC Financials (NYSE:RDC) - August 6 at 7:07 PM logoRowan Companies plc (NYSE:RDC) Quarterly Accounts Payable At $109.644 Millions - (NYSE:RDC) - August 5 at 7:18 PM logoRowan Companies - All You Need To Know About The Q2 '16 Results (NYSE:RDC) - August 5 at 10:05 AM logoRowan Cos. Plc (RDC) Thomas Peter Burke on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:RDC) - August 4 at 7:32 PM
News IconTechnical Evaluation For Rowan Companies PLC (NYSE:RDC) (NYSE:RDC) - August 4 at 10:14 AM logoJefferies Cuts Price Target on Rowan Cos. (RDC) to $18; Reiterates Buy (NYSE:RDC) - August 4 at 10:14 AM logoRowan (RDC) Posts Stellar Q2 Earnings Despite Market Woes (NYSE:RDC) - August 3 at 10:18 AM logoEdited Transcript of RDC earnings conference call or presentation 2-Aug-16 3:00pm GMT (NYSE:RDC) - August 3 at 10:18 AM logoRowan Cos. Plc (RDC) Thomas Peter Burke on Q2 2016 Results - Earnings Call Transcript (NYSE:RDC) - August 2 at 7:24 PM logoRowan beats Street 2Q forecasts (NYSE:RDC) - August 2 at 12:01 PM logoRowan Companies Inc. Q2 Earnings Climb 8% (NYSE:RDC) - August 2 at 12:01 PM logoShares of RDC Now Oversold (NYSE:RDC) - August 2 at 12:01 PM logoQ2 2016 Rowan Companies PLC Earnings Release - Before Market Open (NYSE:RDC) - August 2 at 12:01 PM logoRowan Reports Second Quarter 2016 Results (NYSE:RDC) - August 2 at 12:01 PM logoDid Ensco Report Increases in Its Revenue and Earnings in 2Q16? (NYSE:RDC) - August 1 at 11:31 AM logoRowan Companies plc (NYSE:RDC) at $15.03: How much higher it can go - Review Fortune (NYSE:RDC) - July 30 at 9:53 AM logoStocks Roundup: McKesson (MCK), Rowan (RDC), Sabre (SABR) (NYSE:RDC) - July 29 at 10:05 AM
News IconTechnical Evaluation For Rowan Companies PLC (NYSE:RDC) - The Voice Registrar (NYSE:RDC) - July 26 at 10:23 AM logoRowan Cos downgraded by Raymond James (NYSE:RDC) - July 26 at 7:34 AM logoRowan Companies plc (RDC) Shares are Down -9.68% - Trade Calls (NYSE:RDC) - July 25 at 11:29 AM logoRowan Companies - There Are Better Offshore Drillers - Seeking Alpha (NYSE:RDC) - July 23 at 6:31 PM logoRowan Companies - There Are Better Offshore Drillers (NYSE:RDC) - July 23 at 10:54 AM logoRowan Companies plc (NYSE:RDC) Expected To Post Sales Of $1186.986 - Investor Newswire (NYSE:RDC) - July 20 at 9:53 AM
News IconShare Performance Summary for: Rowan Companies plc (NYSE:RDC) - Press Telegraph (NYSE:RDC) - July 17 at 11:11 AM logoRowan Companies Plc (NYSE:RDC) Broker Price Targets For The Coming Week - Fiscal Standard (NYSE:RDC) - July 17 at 11:11 AM logoStrong Sell Calls For Rowan Companies plc (NYSE:RDC) At 0 - Investor Newswire (NYSE:RDC) - July 15 at 6:04 PM logoNew Broker Ratings For Rowan Companies Plc (NYSE:RDC) - FTSE News (NYSE:RDC) - July 15 at 6:04 PM logoRowan Companies Plc (NYSE:RDC) Updated Price Targets - FTSE News (NYSE:RDC) - July 14 at 10:41 AM logoRowan Companies plc Class A (RDC) Falls 2.94% for July 13 - (NYSE:RDC) - July 14 at 10:41 AM logoTop Five Oilfield Services Stocks with Highest Short Interest (NYSE:RDC) - July 13 at 9:59 AM
News IconRowan Companies Incorporated (NYSE:RDC) Sellers Covered 4.22% of Their Shorts - Consumer Eagle (NYSE:RDC) - July 12 at 11:26 AM
News IconCompany Shares of Rowan Companies plc (NYSE:RDC) Drops by -9.37% - TheFounders Daily (NYSE:RDC) - July 12 at 11:26 AM
News IconCoverage Initiated on Select Oil and Gas Drillers’ Equities (NYSE:RDC) - July 11 at 11:42 AM


Rowan Cos. (NYSE:RDC) Chart for Friday, August, 26, 2016

Last Updated on 8/26/2016 by Staff