Rowan Companies PLC Company Profile (NYSE:RDC)

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

Rowan Companies PLC (NYSE:RDC) announced its earnings results on Wednesday, August, 2nd. The company reported ($0.25) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.30) by $0.05. The firm had revenue of $320.20 million for the quarter, compared to analysts' expectations of $296.87 million. Rowan Companies PLC had a negative return on equity of 2.16% and a negative net margin of 8.96%. The firm's quarterly revenue was down 47.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 earnings per share. View Rowan Companies PLC's Earnings History.

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

19 analysts have issued 12 month price objectives for Rowan Companies PLC's shares. Their predictions range from $10.00 to $26.00. On average, they expect Rowan Companies PLC's stock price to reach $16.18 in the next year. View Analyst Ratings for Rowan Companies PLC.

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)

Some companies that are related to Rowan Companies PLC include Diamond Offshore Drilling (DO), Nabors Industries (NBR), Ensco Plc (ESV), Atwood Oceanics (ATW), Precision Drilling Corporation (PDS), MAMMOOTH ENERGY (TUSK), Seadrill Ltd (SDRL), Seadrill Limited (SDRL), Pioneer Energy Services Corp. (PES), Parker Drilling Company (PKD), Pacific Drilling SA (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).

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

Rowan Companies PLC's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Robeco Institutional Asset Management B.V. (1.11%), 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.

Rowan Companies PLC's stock was sold by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc. and State Treasurer State of Michigan. View Insider Buying and Selling for Rowan Companies PLC.

Rowan Companies PLC's stock was acquired 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.

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.

One share of Rowan Companies PLC stock can currently be purchased for approximately $13.10.