Analysts See $-1.06 EPS for Rowan Companies plc (RDC)

October 14, 2018 - By Ruchi Gupta

Rowan Companies plc (NYSE:RDC) LogoInvestors sentiment decreased to 1 in 2018 Q2. Its down 0.18, from 1.18 in 2018Q1. It dropped, as 24 investors sold Rowan Companies plc shares while 61 reduced holdings. 28 funds opened positions while 57 raised stakes. 117.74 million shares or 4.37% less from 123.12 million shares in 2018Q1 were reported.
Mackenzie Fincl Corporation owns 3.07M shares or 0.13% of their US portfolio. Prudential Finance Incorporated invested 0% in Rowan Companies plc (NYSE:RDC). Wells Fargo And Communications Mn has 0% invested in Rowan Companies plc (NYSE:RDC) for 110,347 shares. Riverhead Cap Mgmt Limited Liability Com holds 18,931 shares. Richard Bernstein Advsrs Llc holds 0.26% or 497,201 shares in its portfolio. Brandywine Mgmt Ltd Company holds 382,668 shares. Moreover, South Dakota Council has 0.05% invested in Rowan Companies plc (NYSE:RDC) for 133,800 shares. Bank Of America Corp De invested in 0% or 237,965 shares. Canada Pension Plan Invest Board invested 0.01% of its portfolio in Rowan Companies plc (NYSE:RDC). Adams Asset Advsr Llc invested in 68,493 shares. Macquarie Limited reported 3.33M shares. Franklin reported 0.01% stake. Proshare Advisors Ltd Liability Co holds 0% of its portfolio in Rowan Companies plc (NYSE:RDC) for 33,165 shares. Bnp Paribas Arbitrage Sa owns 0% invested in Rowan Companies plc (NYSE:RDC) for 35,553 shares. Key Gp (Cayman) Ltd has invested 1.49% in Rowan Companies plc (NYSE:RDC).

Since June 20, 2018, it had 0 insider purchases, and 1 insider sale for $88,020 activity.

Analysts expect Rowan Companies plc (NYSE:RDC) to report $-1.06 EPS on November, 7.They anticipate $0.90 EPS change or 562.50 % from last quarter’s $-0.16 EPS. After having $-0.60 EPS previously, Rowan Companies plc’s analysts see 76.67 % EPS growth. The stock increased 1.72% or $0.32 during the last trading session, reaching $18.92. About 5.93M shares traded or 77.70% up from the average. Rowan Companies plc (NYSE:RDC) has risen 50.24% since October 14, 2017 and is uptrending. It has outperformed by 34.62% the S&P500.

Rowan Companies plc (NYSE:RDC) Ratings Coverage

Among 11 analysts covering Rowan Companies (NYSE:RDC), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Rowan Companies had 14 analyst reports since May 4, 2018 according to SRatingsIntel. The stock of Rowan Companies plc (NYSE:RDC) earned “Buy” rating by FBR Capital on Monday, June 11. On Friday, September 21 the stock rating was downgraded by HSBC to “Hold”. The rating was downgraded by JP Morgan to “Neutral” on Friday, October 12. The company was upgraded on Thursday, September 20 by RBC Capital Markets. FBR Capital maintained the shares of RDC in report on Monday, June 18 with “Buy” rating. The stock of Rowan Companies plc (NYSE:RDC) has “Neutral” rating given on Thursday, June 21 by Citigroup. The stock has “Neutral” rating by Bank of America on Thursday, May 10. The rating was maintained by Barclays Capital on Thursday, August 9 with “Underweight”. The stock of Rowan Companies plc (NYSE:RDC) has “Outperform” rating given on Thursday, May 24 by Wells Fargo. The firm earned “Buy” rating on Friday, August 3 by Societe Generale.

Rowan Companies plc provides offshore gas and oil contract drilling services. The company has market cap of $2.43 billion. As of October 19, 2017, it operated a fleet of 26 mobile offshore drilling units, including 22 self-elevating jack-up rigs and 4 ultra-deepwater drillships. It currently has negative earnings. The firm operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad.

More news for Rowan Companies plc (NYSE:RDC) were recently published by: Seekingalpha.com, which released: “Rowan Continues The Contract Award Burst” on September 26, 2018. Seekingalpha.com‘s article titled: “Rowan Companies: Merger Benefits Ensco, Not Rowan” and published on October 09, 2018 is yet another important article.

Rowan Companies plc (NYSE:RDC) Ratings Chart

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