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:
- Sector: Oils/Energy
- Industry: Oil & Gas Drilling - NEC
- Sub-Industry: Oil & Gas Drilling
- Symbol: NYSE:RDC
- CUSIP: G7665A10
- Web: www.rowan.com
- Market Cap: $1.435 billion
- Outstanding Shares: 126,098,000
- 50 Day Moving Avg: $11.24
- 200 Day Moving Avg: $14.91
- 52 Week Range: $9.74 - $21.68
Sales & Book Value:
- Trailing P/E Ratio: 6.81
- Foreward P/E Ratio: -4.50
- P/E Growth: 0.20
- Annual Revenue: $1.72 billion
- Price / Sales: 0.82
- Book Value: $42.28 per share
- Price / Book: 0.26
- 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: 3.86 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) released its earnings results on Tuesday, May, 2nd. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.13 by $0.06. The company 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%. Rowan Companies PLC's revenue for the quarter was down 25.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. 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?
23 brokers have issued twelve-month target prices for Rowan Companies PLC's shares. Their forecasts range from $10.00 to $26.00. On average, they anticipate Rowan Companies PLC's stock price to reach $16.87 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 in 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 daily volume of 4,059,493 shares, the short-interest ratio is currently 5.7 days. Approximately 18.5% of the shares of the stock are short sold.
Who are some of Rowan Companies PLC's key competitors?
Some companies that are related to Rowan Companies PLC include Nabors Industries (NBR), ENSCO PLC (ESV), Diamond Offshore Drilling (DO), Precision Drilling Corporation (PDS), MAMMOOTH ENERGY (TUSK), Atwood Oceanics (ATW), Seadrill Limited (SDRL), Seadrill Ltd (SDRL), Pioneer Energy Services Corp. (PES), Parker Drilling Company (PKD), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).
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 First Quadrant L P CA (0.51%), RE Advisers Corp (0.38%), Bank of Montreal Can (0.17%), Aperio Group LLC (0.09%), State Treasurer State of Michigan (0.04%) and Oregon Public Employees Retirement Fund (0.04%). 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 Quadrant L P CA, Fox Run Management L.L.C., Aperio Group LLC, Livingston Group Asset Management CO operating as Southport Capital Management and Cascade Investment Advisors Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Meeder Asset Management Inc., Prescott Group Capital Management L.L.C., LS Investment Advisors LLC, Oregon Public Employees Retirement Fund, Wright Investors Service Inc., Louisiana State Employees Retirement System and State Treasurer State of Michigan. 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?
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.
One share of Rowan Companies PLC stock can currently be purchased for approximately $11.17.
Consensus Ratings for Rowan Companies PLC (NYSE:RDC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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: ||3 Sell Ratings, 13 Hold Ratings, 7 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.17)|
|Consensus Price Target: ||$16.87 (51.02% upside)|
Analysts' Ratings History for Rowan Companies PLC (NYSE:RDC)
(Data available from 7/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/20/2017||Royal Bank Of Canada||Reiterated Rating||Sell||$13.50||Medium|
|7/20/2017||Seaport Global Securities||Reiterated Rating||Sell -> Neutral||High|
|7/18/2017||Jefferies Group LLC||Reiterated Rating||Hold||$15.00 -> $12.00||Low|
|6/30/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||Low|
|6/22/2017||BMO Capital Markets||Reiterated Rating||Hold||$15.00||High|
|5/30/2017||Clarkson Capital||Upgrade||Neutral -> Buy||$20.00||Medium|
|5/3/2017||Deutsche Bank AG||Lower Price Target||Hold||$17.00 -> $16.00||Medium|
|5/1/2017||Barclays PLC||Lower Price Target||Equal Weight||$19.00 -> $16.00||Medium|
|4/21/2017||Credit Suisse Group AG||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|
|11/3/2016||FBR & Co||Lower Price Target||Outperform||$25.00 -> $16.00||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|
|9/16/2016||Piper Jaffray Companies||Lower Price Target||Overweight||$15.50 -> $14.15||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|
|3/21/2016||Cowen and Company||Lower Price Target||$16.00 -> $14.00||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|
|10/8/2015||KeyCorp||Initiated Coverage||Sector Weight||N/A|
Earnings History 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|
|7/31/2017|| || || || || || || || |
|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: ($0.73)
2018 EPS Consensus Estimate: ($2.16)
(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|| |
Headline Trends for Rowan Companies PLC (NYSE:RDC)
Latest Headlines for Rowan Companies PLC (NYSE:RDC)
Rowan Companies PLC (RDC) Chart for Saturday, July, 22, 2017