Rowan Companies PLC Company Profile (NYSE:RDC)

About Rowan Companies PLC

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. 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: $17.86
  • 50 Day Moving Average: $19.01
  • 200 Day Moving Average: $15.95
  • 52-Week Range: $125,439,000.00 - $11.12
  • Trailing P/E Ratio: 4.70
  • Foreward P/E Ratio: -26.83
  • P/E Growth: -0.09
  • Market Cap: $2.19B
  • Outstanding Shares: 125,439,000
  • Beta: 1.68
  • Net Margins: 23.15%
  • Return on Equity: 7.52%
  • Return on Assets: 4.41%
  • Debt-to-Equity Ratio: 0.44%
  • Current Ratio: 2.22%
  • Quick Ratio: 2.22%
Additional Links:
Companies Related to Rowan Companies PLC:

Analyst Ratings

Consensus Ratings for Rowan Companies PLC (NYSE:RDC) (?)
Ratings Breakdown: 5 Sell Ratings, 15 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.11)
Consensus Price Target: $18.26 (4.68% upside)

Analysts' Ratings History for Rowan Companies PLC (NYSE:RDC)
DateFirmActionRatingPrice TargetDetails
2/10/2017MizuhoDowngradeNeutral -> Underperform$26.00View Rating Details
2/3/2017Credit Suisse GroupReiterated RatingNeutral$13.00 -> $21.00View Rating Details
2/2/2017RBC Capital MarketsReiterated RatingUnderperform$23.00 -> $20.00View Rating Details
1/30/2017Jefferies Group LLCDowngradeBuy -> Hold$20.00View Rating Details
1/12/2017BMO Capital MarketsReiterated RatingHold$15.00View Rating Details
1/10/2017Barclays PLCReiterated RatingHold$19.00View Rating Details
12/27/2016Zephirin GroupReiterated RatingBuy$20.00 -> $22.00View Rating Details
12/16/2016Royal Bank Of CanadaDowngradeSector Perform -> Underperform$16.00 -> $23.00View Rating Details
11/7/2016NomuraReiterated RatingHold$14.00View Rating Details
11/3/2016Societe GeneraleUpgradeSell -> Hold$14.00View Rating Details
11/3/2016FBR & CoLower Price TargetOutperform$25.00 -> $16.00View Rating Details
10/10/2016Citigroup Inc.Boost Price TargetNeutral$15.00 -> $16.00View Rating Details
10/7/2016Seaport Global SecuritiesDowngradeBuy -> Neutral$15.00View Rating Details
9/22/2016Evercore ISIReiterated RatingBuyView Rating Details
9/16/2016Piper Jaffray CompaniesLower 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
8/3/2016Deutsche Bank AGBoost Price TargetHold$16.00 -> $20.00View Rating Details
8/3/2016J P Morgan Chase & CoSet 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 CorpReiterated RatingUnderperformView Rating Details
4/11/2016Clarkson CapitalReiterated RatingNeutralView Rating Details
3/21/2016Cowen and CompanyLower Price Target$16.00 -> $14.00View Rating Details
3/9/2016Fearnley FondsReiterated RatingAccumulate -> ReduceView Rating Details
2/29/2016Susquehanna Bancshares IncBoost 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. (The)Lower Price TargetNeutral$13.75 -> $13.00View Rating Details
12/28/2015Imperial CapitalDowngradeSellView Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$24.00View Rating Details
10/8/2015KeyCorpInitiated CoverageSector WeightView Rating Details
9/9/2015Tudor PickeringDowngradeAccumulate -> HoldView Rating Details
2/23/2015Capital One Financial CorporationDowngradeOverweight -> Equal WeightView Rating Details
(Data available from 2/19/2015 forward)


Earnings History for Rowan Companies PLC (NYSE:RDC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)
Current Year EPS Consensus Estimate: $1.98 EPS
Next Year EPS Consensus Estimate: $-0.65 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($0.15)$0.62$0.11
Q4 20166($0.19)$0.02($0.07)
Q1 20175($0.16)$0.31$0.06
Q2 20175($0.39)$0.09($0.17)
Q3 20175($0.51)$0.04($0.20)
Q4 20175($0.64)($0.02)($0.27)
Q1 20181($0.22)($0.22)($0.22)
Q2 20181($0.25)($0.25)($0.25)
Q3 20181($0.27)($0.27)($0.27)
(Data provided by Zacks Investment Research)


Current Dividend Information for Rowan Companies PLC (NYSE:RDC)
Annual Dividend:$0.00
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Based on Trailing 12 Months of Earnings)
0.00% (Based on Current Year Consensus EPS Estimate)
0.00% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

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

Insider Trades

Insider Trading History for Rowan Companies PLC (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)


Latest Headlines for Rowan Companies PLC (NYSE:RDC)
News IconWhat Analysts are Predicting For Teradata Corporation (TDC), Rowan Companies plc (RDC)? - The USA Commerce (NYSE:RDC) - February 17 at 7:59 PM
News IconAre Analysts Optimistic About Where Rowan Companies plc (NYSE:RDC) is Heading? - Winfield Review (NYSE:RDC) - February 17 at 7:59 PM
News IconRowan Companies plc (RDC) : How Do the Technicals Stack Up? - The USA Commerce (NYSE:RDC) - February 17 at 7:59 PM
News IconDigging Up the Facts on Rowan Companies plc (RDC ... - StockNewsJournal (NYSE:RDC) - February 17 at 7:59 PM logo3:33 am Rowan Cos provides fleet status update (NYSE:RDC) - February 15 at 5:32 AM logoRowan : Provides Fleet Contract Status Update (NYSE:RDC) - February 15 at 12:29 AM logoRowan Provides Fleet Contract Status Update (NYSE:RDC) - February 15 at 12:29 AM
News IconRowan Companies plc (RDC) : Checking the Chart - The USA Commerce (NYSE:RDC) - February 12 at 12:36 AM
News IconChecking Out the Technicals for Rowan Companies plc (RDC) - The USA Commerce (NYSE:RDC) - February 7 at 8:31 AM
News IconStock Price of Rowan Companies plc (RDC) Decreases -3.48% - Highland Mirror (NYSE:RDC) - February 6 at 8:49 AM
News IconAverage Brokerage Rating Of Diamond Offshore Drilling, Inc. (DO), Rowan Companies plc (RDC) - The USA Commerce (NYSE:RDC) - February 4 at 3:09 AM logoStocks To Track: Rowan Companies plc (RDC), Paycom Software, Inc. (PAYC), Sunstone Hotel Investors, Inc. (SHO) - iStreetWire (NYSE:RDC) - February 3 at 4:24 AM
News IconThe Technical Case for and Against Rowan Companies plc (RDC) - The USA Commerce (NYSE:RDC) - February 3 at 4:24 AM
News IconHow Does Rowan Companies plc (RDC) Stack Up Right Now ... - StockNewsJournal (NYSE:RDC) - February 1 at 10:47 PM logoRowan Cos. Plc – Value Analysis (NYSE:RDC) : February 1, 2017 (NYSE:RDC) - February 1 at 10:47 PM
News IconLooking at the Tea Leaves for Rowan Companies plc (RDC) - The USA Commerce (NYSE:RDC) - February 1 at 6:39 AM logoROWAN COMPANIES PLC : Change in Directors or Principal Officers (form 8-K) (NYSE:RDC) - January 31 at 9:39 PM logoRowan Cos. Plc breached its 50 day moving average in a Bearish Manner : RDC-US : January 31, 2017 (NYSE:RDC) - January 31 at 9:39 PM
News IconStock Dragged Lower Ahead of Market Open: Rowan Companies plc (NYSE:RDC) - Aiken Advocate (NYSE:RDC) - January 31 at 1:12 AM logoWhy Noble Tanked Into Key Analyst Upgrade When Rowan Was Downgraded - 24/7 Wall St. (NYSE:RDC) - January 31 at 1:12 AM
News IconMovers of most recent trading session: Rowan Companies plc (NYSE:RDC), Ascena Retail Group Inc. (NASDAQ:ASNA) - The Newburgh Press (NYSE:RDC) - January 31 at 1:12 AM logoRowan Companies: Partnership With Saudi Aramco a Long-Term Advantage (NYSE:RDC) - January 30 at 8:09 PM logoRowan Cos downgraded by Jefferies (NYSE:RDC) - January 30 at 8:09 PM logoAnalysts’s 4Q16 Earnings Expectations for Diamond Offshore (NYSE:RDC) - January 30 at 8:09 PM
News IconTracking the Numbers for Rowan Companies plc (NYSE:RDC) - The Tribune (NYSE:RDC) - January 30 at 8:06 AM
News IconRowan Companies PLC (RDC) is Downgraded by Jefferies to " Hold" - Highland Mirror (NYSE:RDC) - January 30 at 8:06 AM
News IconTechnical Buzz on Rowan Companies plc (NYSE:RDC) - The Tribune (NYSE:RDC) - January 28 at 7:35 PM
News IconShares in Focus: Rowan Companies plc (RDC) - Sherwood Daily (NYSE:RDC) - January 28 at 7:35 PM
News IconThe Technical Facts on Rowan Companies plc (RDC) - The USA Commerce (NYSE:RDC) - January 24 at 8:15 AM logoRowan Schedules 4th Quarter and Full Year 2016 Earnings Release Date and Conference Call (NYSE:RDC) - January 23 at 7:48 PM logoThe Bonds Of Rowan Are Offering A 4.0% Annual Yield For The Next 2.5 Years (NYSE:RDC) - January 20 at 9:53 PM logoOffshore Drilling - 29 Companies Grabbed 56 New Production Licenses Offshore Norway (NYSE:RDC) - January 18 at 8:08 PM logo3 Trending Stocks: Rowan Companies plc (RDC), The Kraft Heinz Company (KHC), Finisar Corporation (FNSR) - iStreetWire (NYSE:RDC) - January 18 at 12:53 AM
News IconGearing Up For a Bull Run? Analysts Weigh in on Rowan Companies plc (NYSE:RDC) - Wall Street Beacon (NYSE:RDC) - January 18 at 12:53 AM
News IconTicker Tracker: Looking at Rowan Companies plc (RDC) - Sherwood Daily (NYSE:RDC) - January 16 at 1:38 PM logoRowan Companies: A Likely Long-Term Value Creator (NYSE:RDC) - January 16 at 1:38 PM logoQuarterly Deferred Tax Assets Of Rowan Companies plc (NYSE:RDC) At $0 Millions - (NYSE:RDC) - January 14 at 5:31 AM
News IconDid Rowan Companies plc (RDC) Create Value For Shareholders? (NYSE:RDC) - January 12 at 8:09 PM
News IconLooking at the Numbers for Rowan Companies plc (NYSE:RDC) - Wall Street Beacon (NYSE:RDC) - January 12 at 1:19 AM
News IconWill The Needle Move For Rowan Companies plc (NYSE:RDC) Shares This Earnings Season? - Wall Street Beacon (NYSE:RDC) - January 12 at 1:19 AM
News IconInvestor List: Watching Shares of Rowan Companies plc (NYSE:RDC) - Wall Street Beacon (NYSE:RDC) - January 12 at 1:19 AM logoRowan Companies plc (NYSE:RDC) Files An 8-K Other Events (NYSE:RDC) - January 11 at 2:14 AM
News IconMarket Center: Watching the Levels for Rowan Companies plc (NYSE:RDC) - Wall Street Beacon (NYSE:RDC) - January 9 at 8:09 PM logo3 Stocks in Focus: Western Digital Corporation (WDC), Rowan Companies plc (RDC), DSW Inc. (DSW) - iStreetWire (NYSE:RDC) - January 6 at 8:17 PM
News IconNoteworthy Movers: Western Digital Corporation (NASDAQ:WDC), Rowan Companies plc (NYSE:RDC) - The Newburgh Press (NYSE:RDC) - January 6 at 8:17 PM
News IconMarket Focus: Zooming in on Shares of Rowan Companies plc (NYSE:RDC) - Wall Street Beacon (NYSE:RDC) - January 6 at 8:17 PM logoRowan Announces Final Results and Expiration of Cash Tender Offers (NYSE:RDC) - January 4 at 4:10 PM logoAnalysts Expect a 45% Drop in Transocean’s 4Q16 Revenue (NYSE:RDC) - January 4 at 12:16 AM logoMoving Average Crossover Alert: Rowan Companies (RDC) - Nasdaq (NYSE:RDC) - December 30 at 8:47 AM logoMoving Average Crossover Alert: Rowan Companies (RDC) (NYSE:RDC) - December 30 at 8:47 AM


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 twelve-month target prices for Rowan Companies PLC's stock. Their predictions range from $14.00 to $26.00. On average, they expect Rowan Companies PLC's stock price to reach $18.26 in the next twelve months.

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 variety of of institutional and retail 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%), Franklin Resources Inc. (1.94%) and Marshall Wace LLP (1.56%).

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 Russell Investments Group Ltd., Franklin Resources Inc., Marshall Wace LLP, Thrivent Financial for Lutherans, Two Sigma Investments LP, Guggenheim Capital LLC, Cigna Investments Inc. New and Blenheim Capital Management BV.

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 $17.44.

Rowan Companies PLC (NYSE:RDC) Chart for Sunday, February, 19, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Rowan Companies PLC (NYSE:RDC)

Earnings History Chart

Earnings by Quarter for Rowan Companies PLC (NYSE:RDC)

Dividend History Chart

Dividend Payments by Quarter for Rowan Companies PLC (NYSE:RDC)

Last Updated on 2/19/2017 by Staff