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: www.rowan.com
Capitalization:
  • Market Cap: $1.66 billion
  • Outstanding Shares: 126,240,000
Average Prices:
  • 50 Day Moving Avg: $12.08
  • 200 Day Moving Avg: $12.03
  • 52 Week Range: $9.02 - $21.68
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -5.46
  • P/E Growth: 0.25
Sales & Book Value:
  • Annual Revenue: $1.43 billion
  • Price / Sales: 1.16
  • Book Value: $42.08 per share
  • Price / Book: 0.31
Profitability:
  • EBITDA: $627.2 million
  • Net Margins: -2.62%
  • Return on Equity: 0.51%
  • Return on Assets: 0.31%
Debt:
  • Debt-to-Equity Ratio: 0.47%
  • Current Ratio: 5.00%
  • Quick Ratio: 5.00%
Misc:
  • Average Volume: 3.64 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) released its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.05. The company earned $320.20 million during the quarter, compared to the consensus estimate of $296.87 million. Rowan Companies PLC had a positive return on equity of 0.51% and a negative net margin of 2.62%. The firm's revenue was down 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. 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?

20 analysts have issued 12-month price targets for Rowan Companies PLC's stock. Their predictions range from $10.00 to $26.00. On average, they anticipate Rowan Companies PLC's stock price to reach $16.11 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

Who owns Rowan Companies PLC stock?

Rowan Companies PLC's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (1.11%), Nationwide Fund Advisors (0.26%), Adams Asset Advisors LLC (0.08%), State Treasurer State of Michigan (0.03%) and Meeder Asset Management Inc. (0.01%). View Institutional Ownership Trends for Rowan Companies PLC.

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 Nationwide Fund Advisors, Meeder Asset Management Inc. and State Treasurer State of Michigan. View Insider Buying and Selling for Rowan Companies PLC.

Who bought Rowan Companies PLC stock? Who is buying Rowan Companies PLC stock?

Rowan Companies PLC's stock was bought by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V. and Adams Asset Advisors LLC. View Insider Buying and Selling for Rowan Companies PLC.

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 $13.16.


MarketBeat Community Rating for Rowan Companies PLC (NYSE RDC)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  421 (Vote Outperform)
Underperform Votes:  670 (Vote Underperform)
Total Votes:  1,091
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, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $16.11 (22.39% 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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/22/2017Piper Jaffray CompaniesReiterated RatingBuy$15.00N/AView Rating Details
10/18/2017Cowen and CompanySet Price TargetHold$10.00N/AView Rating Details
10/19/2017FBR & CoReiterated RatingBuyN/AView Rating Details
10/19/2017HSBC Holdings plcInitiated CoverageBuy -> Buy$16.80N/AView Rating Details
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
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
10/10/2016Citigroup Inc.Boost Price TargetNeutral$15.00 -> $16.00N/AView Rating Details
9/22/2016Evercore ISIReiterated RatingBuyN/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 10/23/2015 forward)

Earnings

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)

Estimates

Earnings Estimates for Rowan Companies PLC (NYSE:RDC)
2017 EPS Consensus Estimate: ($0.70)
2018 EPS Consensus Estimate: ($2.36)
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($0.34)($0.11)($0.25)
Q1 20182($0.41)($0.35)($0.38)
Q2 20182($0.52)($0.48)($0.50)
Q3 20182($0.71)($0.58)($0.65)
Q4 20182($0.96)($0.70)($0.83)
Q1 20191($0.80)($0.80)($0.80)
Q2 20191($0.79)($0.79)($0.79)
(Data provided by Zacks Investment Research)

Dividends

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
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 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)

Headlines

Headline Trends for Rowan Companies PLC (NYSE:RDC)
Latest Headlines for Rowan Companies PLC (NYSE:RDC)
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Chart

Rowan Companies PLC (RDC) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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