About Rowan Companies PLC (NYSE:RDC)
Rowan 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:
- Industry: Oil & Gas Drilling
- Sub-Industry: Oil & Gas Drilling
- Sector: Energy
- Symbol: NYSE:RDC
- CUSIP: G7665A10
- Web: www.rowan.com
- Debt-to-Equity Ratio: 0.47%
- Current Ratio: 5.80%
- Quick Ratio: 5.80%
Sales & Book Value:
- Annual Sales: $1.84 billion
- Price / Sales: 0.93
- Cash Flow: $5.23 per share
- Price / Cash: 2.61
- Book Value: $40.77 per share
- Price / Book: 0.33
- Trailing EPS: ($0.51)
- Net Income: $320.60 million
- Net Margins: -4.76%
- Return on Equity: -0.61%
- Return on Assets: -0.38%
- Employees: 2,917
- Outstanding Shares: 126,250,000
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 earnings results on Wednesday, November, 1st. The oil and gas company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.26. The oil and gas company earned $291.60 million during the quarter, compared to the consensus estimate of $281.51 million. Rowan Companies PLC had a negative net margin of 4.76% and a negative return on equity of 0.61%. Rowan Companies PLC's revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. View Rowan Companies PLC's Earnings History.
When will Rowan Companies PLC make its next earnings announcement?
Where is Rowan Companies PLC's stock going? Where will Rowan Companies PLC's stock price be in 2017?
19 analysts have issued twelve-month price objectives for Rowan Companies PLC's shares. Their forecasts range from $10.00 to $26.00. On average, they expect Rowan Companies PLC's stock price to reach $16.43 in the next twelve months. View Analyst Ratings for Rowan Companies PLC.
What are Wall Street 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 Companies 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. The contract driller managed to lower direct operating expenses by almost 16% over the last nine months. Despite those positives, the new and more stringent regulations following the Gulf of Mexico oil spill has made deepwater drilling activity prohibitively expensive for exploration and production companies. Going forward, the volatile commodity pricing scenario, along with operational obstacles, could put pressure on the Rowan’s performance." (11/17/2017)
- 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?
Some companies that are related to Rowan Companies PLC include Ensco Plc (ESV), Diamond Offshore Drilling (DO), Nabors Industries (NBR), Transocean Partners LLC (RIGP), Mammooth Energy (TUSK), Precision Drilling Corporation (PDS), Atwood Oceanics (ATW), Pioneer Energy Services Corp. (PES), Seadrill Limited (SDRL), Parker Drilling Company (PKD), Union Drilling (UDRL) and Pacific Drilling S.A. (PACDQ).
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 (Age 49)
- Stephen M. Butz, Chief Financial Officer, Executive Vice President, Treasurer (Age 45)
- T. Fred Brooks, Executive Vice President - Operations and Engineering (Age 59)
- Mark A. Keller, Executive Vice President - Business Development (Age 64)
- Dennis S. Baldwin, Chief Accounting Officer (Age 56)
- William E. Albrecht, Non-Executive Independent Chairman of the Board (Age 65)
- Thomas R. Hix, Non-Executive Independent Director (Age 69)
- Jack B. Moore, Non-Executive Independent Director (Age 63)
- Suzanne P. Nimocks, Non-Executive Independent Director (Age 58)
- John J. Quicke, Non-Executive Independent Director (Age 67)
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 Dimensional Fund Advisors LP (6.60%), Mackenzie Financial Corp (2.55%), Bank of New York Mellon Corp (1.78%), Schwab Charles Investment Management Inc. (1.23%), Van ECK Associates Corp (1.22%) and Robeco Institutional Asset Management B.V. (1.11%). 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 Dimensional Fund Advisors LP, First Quadrant L P CA, Schwab Charles Investment Management Inc., American Century Companies Inc., Prudential Financial Inc., Russell Investments Group Ltd., OxFORD Asset Management LLP and State of New Jersey Common Pension Fund D. 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 Contrarius Investment Management Ltd, Wells Fargo & Company MN, Robeco Institutional Asset Management B.V., California Public Employees Retirement System, Canada Pension Plan Investment Board, Dupont Capital Management Corp, New York State Common Retirement Fund and Van ECK Associates Corp. 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 with access to the U.S. stock market 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 $13.64.
How big of a company is Rowan Companies PLC?
Rowan Companies PLC has a market capitalization of $1.75 billion and generates $1.84 billion in revenue each year. The oil and gas company earns $320.60 million in net income (profit) each year or ($0.51) on an earnings per share basis. Rowan Companies PLC employs 2,917 workers across the globe.
How can I contact Rowan Companies PLC?
Rowan Companies PLC's mailing address is Cannon Place, 78 Cannon Street, LONDON, EC4N 6AF, United Kingdom. The oil and gas company can be reached via phone at +1-713-6217800 or via email at carrie.p[email protected]
MarketBeat Community Rating for Rowan Companies PLC (NYSE RDC)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.
Analysts' Consensus Rating for Rowan Companies PLC (NYSE:RDC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 11 Hold Ratings, 6 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.21)|
|Consensus Price Target: ||$16.43 (20.44% upside)|
Consensus Price Target History for Rowan Companies PLC (NYSE:RDC)
Analysts' Ratings History for Rowan Companies PLC (NYSE:RDC)
(Data available from 11/21/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/1/2017||B. Riley||Reiterated Rating||Buy||N/A|
|11/3/2017||Jefferies Group LLC||Reiterated Rating||Hold||$15.00||N/A|
|10/22/2017||Piper Jaffray Companies||Reiterated Rating||Buy||$15.00||N/A|
|10/18/2017||Cowen and Company||Set Price Target||Hold||$10.00||N/A|
|10/19/2017||FBR & Co||Reiterated Rating||Buy||N/A|
|10/17/2017||BMO Capital Markets||Set Price Target||Hold||$12.00||N/A|
|10/10/2017||Deutsche Bank AG||Initiated Coverage||Hold||$15.00||N/A|
|10/8/2017||Royal Bank Of Canada||Set Price Target||Hold||$14.00||N/A|
|8/4/2017||Barclays PLC||Reiterated Rating||Hold||$14.00||High|
|8/3/2017||Nomura||Lower Price Target||Neutral||$14.00 -> $13.00||Low|
|7/20/2017||Seaport Global Securities||Upgrade||Sell -> Neutral||$10.00 -> $11.00||High|
|6/30/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||Low|
|5/30/2017||Clarkson Capital||Upgrade||Neutral -> Buy||$20.00||Medium|
|4/21/2017||Credit Suisse Group||Reiterated Rating||Hold||$21.00||Low|
|3/23/2017||Tudor Pickering||Initiated Coverage||Hold||Low|
|2/10/2017||Mizuho||Downgrade||Neutral -> Underperform||$26.00||N/A|
|12/27/2016||Zephirin Group||Reiterated Rating||Buy||$20.00 -> $22.00||N/A|
|11/3/2016||Societe Generale||Upgrade||Sell -> Hold||$14.00||N/A|
|10/10/2016||Citigroup Inc.||Boost Price Target||Neutral||$15.00 -> $16.00||N/A|
|9/22/2016||Evercore ISI||Reiterated Rating||Buy||N/A|
|9/14/2016||Howard Weil||Initiated Coverage||Sector Perform||$17.00||N/A|
|8/3/2016||J P Morgan Chase & Co||Set Price Target||Buy||$19.00||N/A|
|7/26/2016||Raymond James Financial, Inc.||Downgrade||Outperform -> Market Perform||N/A|
|7/12/2016||Stephens||Upgrade||Equal Weight -> Overweight||$18.00 -> $23.00||N/A|
|7/5/2016||Iberia Capital||Downgrade||Outperform -> Sector Perform||$19.00||N/A|
|6/13/2016||Johnson Rice||Upgrade||Accumulate -> Buy||N/A|
|2/29/2016||Susquehanna Bancshares Inc||Boost Price Target||$13.00 -> $14.00||N/A|
|2/29/2016||KLR Group||Lower Price Target||Buy||$21.00 -> $17.00||N/A|
|1/28/2016||Morgan Stanley||Upgrade||Underweight -> Equal Weight||$20.00 -> $17.00||N/A|
|1/21/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Neutral||$13.75 -> $13.00||N/A|
|11/30/2015||Guggenheim||Upgrade||Neutral -> Buy||$24.00||N/A|
Earnings History and Estimates Chart for Rowan Companies PLC (NYSE:RDC)
Earnings History by Quarter for Rowan Companies PLC (NYSE RDC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/23/2018|| || || || || || || || |
|11/1/2017||Q3 2017||($0.42)||($0.16)||$281.51 million||$291.60 million||View||N/A|
|8/2/2017||Q2 2017||($0.30)||($0.25)||$296.87 million||$320.20 million||View||Listen|
|5/2/2017||Q1 2017||$0.13||$0.07||$358.01 million||$374.30 million||View||Listen|
|2/24/2017||Q416||($0.06)||$0.08||$343.71 million||$351.80 million||View||N/A|
|11/1/2016||Q316||($0.02)||$0.30||$362.38 million||$379.40 million||View||N/A|
|8/2/2016||Q216||$0.81||$0.75||$470.98 million||$611.90 million||View||N/A|
|5/4/2016||Q116||$0.72||$0.98||$492.85 million||$500.20 million||View||N/A|
|2/26/2016||Q415||$0.74||$0.95||$530.16 million||$535.80 million||View||Listen|
|11/3/2015||Q315||$0.52||$0.89||$520.09 million||$545.40 million||View||N/A|
|8/5/2015||Q215||$0.55||$0.70||$507.16 million||$508.70 million||View||N/A|
|5/6/2015||Q115||$0.70||$0.99||$533.08 million||$547.00 million||View||N/A|
|2/27/2015||Q414||$0.89||$0.89||$529.90 million||$556.20 million||View||Listen|
|11/5/2014||Q314||$0.54||$0.63||$465.30 million||$467.70 million||View||Listen|
|8/6/2014||Q214||$0.24||$0.33||$416.20 million||$422.90 million||View||Listen|
|5/6/2014||Q114||$0.21||$0.28||$375.53 million||$377.60 million||View||Listen|
|2/27/2014||Q4||$0.41||$0.42||$389.21 million||$393.40 million||View||Listen|
|11/5/2013||Q313||$0.43||$0.42||$382.90 million||$382.80 million||View||Listen|
|8/6/2013||Q2 2013||$0.56||$0.57||$399.84 million||$408.90 million||View||Listen|
|5/1/2013||Q1 2013||$0.53||$0.55||$386.49 million||$394.20 million||View||Listen|
|2/28/2013||Q4 2012||$0.48||$0.57||$356.28 million||$354.20 million||View||Listen|
Earnings Estimates for Rowan Companies PLC (NYSE:RDC)
2017 EPS Consensus Estimate: ($0.71)
2018 EPS Consensus Estimate: ($2.29)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Rowan Companies PLC (NYSE:RDC)
|Most Recent Dividend:||11/23/2015|
|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 History by Quarter for Rowan Companies PLC (NYSE RDC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/19/2015||Tore I Sandvold||Director||Buy||5,000||$22.29||$111,450.00|| |
|6/11/2014||Frankie Derek Necaise||SVP||Sell||4,360||$31.96||$139,345.60|| |
|6/11/2014||John L Buvens||VP||Sell||55,000||$31.96||$1,757,800.00|| |
|6/10/2014||Mark A Keller||VP||Sell||49,000||$32.20||$1,577,800.00|| |
|3/5/2014||Suzanne Nimocks||Director||Buy||1,200||$32.77||$39,324.00|| |
|3/4/2014||Thomas Hix||Director||Buy||5,000||$32.76||$163,800.00|| |
Latest Headlines for Rowan Companies PLC (NYSE RDC)
Rowan Companies PLC (NYSE RDC) Chart for Tuesday, November, 21, 2017