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 quarterly earnings results on Tuesday, May, 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.06. The business had revenue of $374.30 million for the quarter, compared to analyst estimates of $358.01 million. Rowan Companies PLC had a net margin of 12.12% and a return on equity of 2.95%. The company's revenue for the quarter was down 25.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. View Rowan Companies PLC's Earnings History.

Rowan Companies PLC is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Rowan Companies PLC.

24 analysts have issued 1-year price objectives for Rowan Companies PLC's shares. Their forecasts range from $10.00 to $26.00. On average, they anticipate Rowan Companies PLC's share price to reach $18.01 in the next twelve months. View Analyst Ratings for Rowan Companies PLC.

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

• 1. 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)
• 2. 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)
• 3. 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)

Rowan Companies PLC saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 22,958,252 shares, an increase of 18.5% from the May 31st total of 19,375,007 shares. Based on an average trading volume of 4,059,493 shares, the short-interest ratio is presently 5.7 days. Currently, 18.5% of the shares of the company are sold short.

Some companies that are related to Rowan Companies PLC include Nabors Industries (NBR), ENSCO PLC (ESV), Diamond Offshore Drilling (DO), Precision Drilling Corporation (PDS), Atwood Oceanics (ATW), Mammooth Energy (TUSK), Seadrill Limited (SDRL), Parker Drilling Company (PKD), Pioneer Energy Services Corp. (PES), Pacific Drilling S.A. (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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.93%), BlackRock Inc. (8.76%), Dimensional Fund Advisors LP (8.46%), Blue Harbour Group L.P. (8.36%), AQR Capital Management LLC (4.52%) and FIL Ltd (3.82%). 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 First Trust Advisors LP, Vanguard Group Inc., Credit Suisse AG, Acadian Asset Management LLC, Canada Pension Plan Investment Board, Russell Investments Group Ltd., Denali Advisors LLC and Geode Capital Management LLC. 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 BlackRock Inc., MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., AQR Capital Management LLC, Bank of America Corp DE, Laurion Capital Management LP, Dimensional Fund Advisors LP and Thrivent Financial For Lutherans. 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 $10.51.