Brokers Issue New Targets On Rowan Companies Plc (NYSE:RDC)

Rowan Companies plc (NYSE:RDC) shares saw the needle move -13.19% on the week. Dimensional Fund Advisors LP boosted its position in shares of Rowan Companies PLC by 4.7% in the first quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Rowan Companies PLC during the second quarter valued at approximately $143,000. Rowan Companies plc has had 8 insider trades in the last 3 months, including 4 open market buys and 4 sells. Accern also gave media coverage about the oil and gas company an impact score of 46.4147391318833 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Rowan Companies plc (NYSE:RDC) has declined -47.38% since January and is down -14.75% for the past week. Barclays PLC reaffirmed a “hold” rating and set a $14.00 target price on shares of Rowan Companies PLC in a research note on Friday, August 4th.

Schroder Investment Management Group reports that it lowered its stake in Rowan Companies plc Class A Ord shares by 27.7% in the quarter ending 06/30/2017.

Rowan Companies plc (RDC)’s ROE is -0.71%, while industry’s is -17.37%. Analysts expect next quarter’s EPS will be $-0.39 with next year’s EPS anticipated to be $-2.32. Meeder Asset Management Inc. now owns 38,383 shares of the oil and gas company’s stock worth $393,000 after buying an additional 26,193 shares during the last quarter.

The Average Earnings Estimate for the Current Fiscal quarter is $-0.43 per share, according to consensus of 31 analysts. Northern Trust Corp increased its position in Rowan Companies PLC by 145.7% in the second quarter.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.8 out of the scale from 1 to 5, where 1 stands for Buy and 5 means Sell. LS Investment Advisors LLC now owns 10,330 shares of the oil and gas company’s stock valued at $106,000 after buying an additional 2,050 shares in the last quarter. The stock’s 50 day moving average is $10.92 and its 200 day moving average is $14.09. The company achieved year to date performance of -9.50% and disseminated yield of 9.19% for the past six months. The business had revenue of $320.20 million during the quarter, compared to analysts’ expectations of $296.87 million. Past 5 years growth of Rowan Companies (NYSE:RDC) observed at -7.76%, looking forward for the next 5 years it has a strong prediction of -56.1% over growth. Thrivent Financial For Lutherans now holds 1,361,240 shares with a value of $13,939,000. California Public Employees Retirement System claims 348,300 shares valued at $3,567,000. During the trading on 08/09/2017, Company’s stock ranged from $10.74 to $10.04. Granite Investment Ptnrs Limited Liability Corp reported 6,313 shares or 0.02% of all its holdings. During the same quarter in the prior year, the firm earned $0.75 earnings per share.

ILLEGAL ACTIVITY WARNING: This article was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. The original version of this story can be accessed at https://www.themarketsdaily.com/2017/08/12/prescott-group-capital-management-l-l-c-takes-position-in-rowan-companies-plc-nyserdc-updated-updated.html. $17.09’s average target is 71.41% above currents $9.97 stock price. The Company operates through two segments: deepwater and jack-ups. The Company’s deepwater segment consists of drillship operations. It improved, as 36 investors sold Rowan Companies PLC shares while 78 reduced holdings. 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.