Rowan Companies PLC (RDC) Receives Consensus Recommendation of "Hold" from Analysts

Lloyd Doyle
January 13, 2018

Jefferies Group set a $16.00 price target on shares of Rowan Companies and gave the stock a "hold" rating in a research report on Thursday, January 4th. Moreover, Blue Harbour Group L.P. has 4.05% invested in the company for 8.75 million shares. Also this means that RSI values turn into more accurate as the calculation period extends.

The most recent non open market insider trade was completed by BUTZ STEPHEN M on 12/02/2017, and was a disposition of 6,199 shares with a final price of $14.82. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 10, 2017 and is uptrending. It has underperformed by 17.22% the S&P500.

Rowan Companies plc provides offshore gas and oil contract drilling services. After $-0.16 actual EPS reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts 68.75 % negative EPS growth. Rowan Companies plc (RDC) has a market cap of $2.17 billion and over the last 12 months, Rowan Companies plc (NYSE:RDC) has gone weaker by -14.08%. The stock increased 0.55% or $0.31 during the last trading session, reaching $56.8. Sand Hill Glob Limited Liability Corp owns 62,434 shares or 0.61% of their U.S. portfolio.

Rowan Companies plc (NYSE:RDC) shares were trading lower by -0.29 percent ($-0.05) at $17.02 a piece in Monday's session. It has underperformed by 33.20% the S&P500. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 7,824 shares in the quarter, leaving it with 151,819 shares, and cut its stake in Amazon Com Inc (NASDAQ:AMZN).

When we look at the Analyst Recommendations of the stock, the company has 1.96 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell. Therefore 22% are positive.

Analysts await Care.com, Inc. Moffet Nathanson downgraded AT&T Inc. Moffet Nathanson has "Sell" rating and $35 target. The rating was upgraded by Argus Research to "Buy" on Wednesday, October 12. The firm has "Buy" rating given on Thursday, April 7 by Jefferies. The firm earned "Buy" rating on Tuesday, October 3 by Jefferies. Independent Research upgraded it to "Hold" rating and $39 target in Tuesday, October 25 report. The rating was maintained by RBC Capital Markets on Friday, June 30 with "Hold". The stock has "Buy" rating by Robert W. Baird on Wednesday, September 20.

Investors sentiment increased to 2.82 in Q3 2017. Its down 0.56, from 1.26 in 2017Q2. There were 39 sold out positions, amounting to 3.55 million shares. 110 funds opened positions while 558 raised stakes. Gamco Investors Et Al accumulated 239,100 shares. Advsr Asset holds 16,245 shares.

A Look at Rowan Companies plc (NYSE:RDC)'s Quant Signals
Rowan Companies plc (RDC) Reaches $17.31 After 7.00% Up Move; FORTUM CORPORATION FINLAND (FOJCF) SI Decreased By 22.05%

Investors Bancorp, Inc. (ISBC) knifed -0.29 percent lower and now trades for $13.7. 618,769 were reported by Bokf Na. Engineers Gate Manager Lp accumulated 0.11% or 98,024 shares. Magnetar Finance Ltd invested in 0.01% or 18,932 shares. Odey Asset Mgmt Gp Limited invested in 5.23 million shares. 15,390 were reported by First Quadrant Limited Partnership Ca. 40,251 were accumulated by Aviance Capital Ltd Liability Corp.

Kayne Anderson Capital Advisors Lp decreased Semgroup Corp (NYSE:SEMG) stake by 75,411 shares to 1.28 million valued at $36.92 million in 2017Q3. About 961,149 shares traded. It also reduced its holding in Teradyne Inc. (NYSE:OKE). Putnam Investments Ltd Com stated it has 470,527 shares.

Investors sentiment decreased to 0.82 in 2017 Q3. Its down 0.56, from 1.26 in 2017Q2. Of those transactions, there were 718,674 shares of RDC bought and 225,759 shares sold. 129.33 million shares or 3.45% less from 133.95 million shares in 2017Q2 were reported. Its down 22.05% from 2.96 million shares previously. Franklin Resources Incorporated has 6.00M shares. Convergence Partners Lc, Wisconsin-based fund reported 41,168 shares. Thrivent Financial For Lutherans holds 15,190 shares. Robeco Institutional Asset Mgmt Bv owns 1.40 million shares. Oregon Employees Retirement Fund holds 42,287 shares or 0.01% of its portfolio.

Rowan Companies (NYSE:RDC) last posted its earnings results on Wednesday, November 1st. Luminus Mngmt Limited Liability Com holds 1.93% in Rowan Companies plc (NYSE:RDC) or 5.67M shares. Teachers Retirement Systems Of The State Of Kentucky reported 24,880 shares.

Wynn Resorts Ltd. (WYNN) shares Jumped 0.68% and ended the day at $163.4. (NASDAQ:SAIA) to report earnings on February, 2.

The consensus recommendation - averaging the work of 10 analysts - of 2.8 for Investors Bancorp, Inc. The rating was downgraded by Societe Generale to "Sell" on Monday, October 3. Therefore 26% are positive. Rowan Companies Inc. had 89 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Friday, March 24 by Tudor Pickering. The stock of Rowan Companies plc (NYSE:RDC) earned "Underperform" rating by Bank of America on Monday, June 13. The firm has "Market Perform" rating given on Thursday, August 6 by Cowen & Co.

On movement of stock as RSI reading reached at 51.01 because on this mostly stock considered as overbought or oversold.


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