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 - NEC
  • Sub-Industry: Oil & Gas Drilling
  • Symbol: NYSE:RDC
  • CUSIP: G7665A10
  • Web:
  • Market Cap: $1.35304 billion
  • Outstanding Shares: 126,098,000
Average Prices:
  • 50 Day Moving Avg: $12.83
  • 200 Day Moving Avg: $16.22
  • 52 Week Range: $10.44 - $21.68
  • Trailing P/E Ratio: 6.41
  • Foreward P/E Ratio: -4.61
  • P/E Growth: 0.19
Sales & Book Value:
  • Annual Revenue: $1.72 billion
  • Price / Sales: 0.77
  • Book Value: $42.28 per share
  • Price / Book: 0.25
  • EBIDTA: $874.7 million
  • Net Margins: 12.12%
  • Return on Equity: 2.95%
  • Return on Assets: 1.77%
  • Debt-to-Equity Ratio: 0.48%
  • Current Ratio: 4.46%
  • Quick Ratio: 4.46%
  • Average Volume: 3.25 million shs.
  • Beta: 1.75
  • Short Ratio: 6.46

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) 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.

When will Rowan Companies PLC make its next earnings announcement?

Rowan Companies PLC is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 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?

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.

What are analysts saying about Rowan Companies PLC stock?

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)

Are investors shorting Rowan Companies PLC?

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.

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 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.

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 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.

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 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.

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 $10.51.

MarketBeat Community Rating for Rowan Companies PLC (NYSE RDC)
Community Ranking:  1.9 out of 5 ()
Outperform Votes:  389 (Vote Outperform)
Underperform Votes:  614 (Vote Underperform)
Total Votes:  1,003
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: 3 Sell Ratings, 13 Hold Ratings, 8 Buy Ratings
Consensus Rating:Hold (Score: 2.21)
Consensus Price Target: $18.01 (71.33% upside)

Analysts' Ratings History for Rowan Companies PLC (NYSE:RDC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/22/2017BMO Capital MarketsReiterated RatingHold$15.00HighView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeNeutral -> Sell$12.00 -> $10.00HighView Rating Details
6/6/2017Jefferies Group LLCSet Price TargetHold$15.00LowView Rating Details
5/30/2017Clarkson CapitalUpgradeNeutral -> Buy$20.00MediumView Rating Details
5/3/2017Deutsche Bank AGLower Price TargetHold$17.00 -> $16.00MediumView Rating Details
5/1/2017Barclays PLCLower Price TargetEqual Weight$19.00 -> $16.00MediumView 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
2/2/2017Royal Bank Of CanadaReiterated RatingUnderperform$23.00 -> $20.00N/AView Rating Details
12/27/2016Zephirin GroupReiterated RatingBuy$20.00 -> $22.00N/AView Rating Details
11/7/2016NomuraReiterated RatingHold$14.00N/AView Rating Details
11/3/2016Societe GeneraleUpgradeSell -> Hold$14.00N/AView Rating Details
11/3/2016FBR & CoLower Price TargetOutperform$25.00 -> $16.00N/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
9/16/2016Piper Jaffray CompaniesLower Price TargetOverweight$15.50 -> $14.15N/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
6/13/2016Bank of America CorporationReiterated RatingUnderperformN/AView Rating Details
3/21/2016Cowen and CompanyLower Price Target$16.00 -> $14.00N/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
10/8/2015KeyCorpInitiated CoverageSector WeightN/AView Rating Details
(Data available from 6/28/2015 forward)


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
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)


Earnings Estimates for Rowan Companies PLC (NYSE:RDC)
2017 EPS Consensus Estimate: ($0.70)
2018 EPS Consensus Estimate: ($0.74)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175($0.16)$0.16$0.05
Q2 20175($0.44)($0.03)($0.25)
Q3 20175($0.40)($0.05)($0.25)
Q4 20175($0.43)($0.11)($0.25)
Q1 20181($0.22)($0.22)($0.22)
Q2 20181($0.25)($0.25)($0.25)
Q3 20181($0.27)($0.27)($0.27)
Q1 20191($0.79)($0.79)($0.79)
(Data provided by Zacks Investment Research)


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
(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)


Headline Trends for Rowan Companies PLC (NYSE:RDC)
Latest Headlines for Rowan Companies PLC (NYSE:RDC)
DateHeadline logoRowan Companies PLC (RDC) Rating Lowered to Strong Sell at BidaskClub - June 23 at 6:28 PM logoQ1 2019 EPS Estimates for Rowan Companies PLC (RDC) Reduced by Seaport Global Securities - June 23 at 1:08 PM logoRowan Companies PLC (RDC) Earns "Hold" Rating from BMO Capital Markets - June 22 at 4:10 PM logoRowan Companies PLC (RDC) Lowered to "Sell" at Seaport Global Securities - June 21 at 8:16 AM logoETFs with exposure to Rowan Cos. Plc : June 19, 2017 - June 20 at 1:43 AM logoRowan Companies PLC (RDC) Receives Consensus Rating of "Hold" from Brokerages - June 19 at 12:49 PM logoRowan Cos. Plc :RDC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 16, 2017 - June 16 at 3:28 PM logoRowan Companies PLC (RDC) Upgraded at BidaskClub - June 13 at 9:08 PM logo Analysts Anticipate Rowan Companies PLC (RDC) Will Post Quarterly Sales of $292.55 Million - June 10 at 10:52 AM logo Analysts Expect Rowan Companies PLC (RDC) Will Announce Earnings of -$0.31 Per Share - June 8 at 8:08 AM logoLast Week’s Key Updates from the Offshore Drilling Space - June 7 at 7:28 PM logoRowan Companies PLC (RDC) Given a $15.00 Price Target by Jefferies Group LLC Analysts - June 7 at 4:14 PM logoRowan Companies PLC (RDC) to Post Q1 2019 Earnings of ($0.60) Per Share, Seaport Global Securities Forecasts - June 5 at 7:56 AM logoWhy Is Rowan Companies (RDC) Down 7.7% Since the Last Earnings Report? - June 5 at 5:19 AM logoRowan Companies PLC (RDC) Downgraded by ValuEngine - June 3 at 12:46 PM logoRowan to Lay Off 150 Offshore Workers - May 31 at 12:53 PM logoNoble Received 2 Upgrades in May - May 31 at 12:53 PM logoRowan Companies PLC (RDC) Upgraded to Buy by Clarkson Capital - May 30 at 8:12 AM logoWill the US Natural Gas Rig Count Hit a New High in 2017? - May 29 at 8:07 AM logoRowan Companies PLC (RDC) Stock Rating Upgraded by ValuEngine - May 27 at 3:14 PM logoRowan Companies PLC (RDC) Receives Average Recommendation of "Hold" from Brokerages - May 23 at 12:30 PM logoUS Crude Oil Rigs Reach the Highest Level since April 2015 - May 22 at 9:24 AM logoHow Drilling Productivity Report Could Impact Production and Prices - May 15 at 9:41 AM logoZacks: Analysts Anticipate Rowan Companies PLC (RDC) Will Announce Quarterly Sales of $286.32 Million - May 14 at 11:14 AM logo Brokerages Anticipate Rowan Companies PLC (RDC) to Announce -$0.32 Earnings Per Share - May 12 at 10:56 AM logoBehind Rowan’s Financial Health after 1Q17 - May 11 at 8:20 AM logoWhere Does Rowan See Its Costs in 2Q17? - May 10 at 11:19 AM logoWhat Rowan’s Backlog Tells Us about Its Future - May 10 at 11:19 AM logoInside Rowan’s New JV with Saudi Aramco - May 9 at 7:00 PM logoHow US Crude Oil Rig Count Affects US Production and Oil Prices - May 9 at 10:52 AM logoEquities Analysts Offer Predictions for Rowan Companies PLC's Q2 2017 Earnings (RDC) - May 8 at 8:21 AM logoQ2 2017 EPS Estimates for Rowan Companies PLC Increased by Analyst (RDC) - May 5 at 8:06 AM logoResearch Analysts Offer Predictions for Rowan Companies PLC's FY2021 Earnings (RDC) - May 4 at 8:38 PM logoEdited Transcript of RDC earnings conference call or presentation 2-May-17 3:00pm GMT - May 4 at 7:43 PM logoRowan Companies PLC's (RDC) "Hold" Rating Reiterated at Jefferies Group LLC - May 3 at 10:54 PM logoRowan Companies PLC (RDC) Stock Rating Reaffirmed by Deutsche Bank AG - May 3 at 8:42 PM logoSomewhat Favorable Press Coverage Very Likely to Affect Rowan Companies PLC (RDC) Share Price - May 3 at 6:08 PM logoRowan Companies PLC (RDC) Posts Earnings Results - May 2 at 4:10 PM logoRowan Reports First Quarter 2017 Results - May 2 at 9:52 AM logoRowan Companies PLC's (RDC) "Equal Weight" Rating Reiterated at Barclays PLC - May 1 at 3:38 PM logoHow Analysts View Rowan Companies before Its 1Q17 Results - May 1 at 10:41 AM logoRowan Companies PLC (RDC) Set to Announce Earnings on Tuesday - April 30 at 8:30 PM logoPositive Press Coverage Extremely Likely to Impact Rowan Companies PLC (RDC) Stock Price - April 30 at 10:06 AM logoRowan Companies PLC (RDC) Lifted to "Buy" at Fearnley Fonds - April 29 at 1:12 AM logoRowan Companies PLC (RDC) Receives Consensus Rating of "Hold" from Analysts - April 28 at 2:18 PM logoWhy Rowan Companies’ Earnings Will Likely Fall in 2017 - April 28 at 12:58 AM logoRowan Companies PLC (RDC) Getting Somewhat Favorable News Coverage, Report Finds - April 27 at 10:04 PM logoUnderstanding Rowan’s Latest Fleet Status Report - April 26 at 5:49 PM logoWhy Rowan’s Revenue Is Expected to Rise in 1Q17 - April 26 at 5:49 PM logoRowan Companies PLC (RDC) Receives Media Impact Score of 0.16 - April 24 at 3:30 PM



Rowan Companies PLC (RDC) Chart for Wednesday, June, 28, 2017

This page was last updated on 6/28/2017 by Staff