Rowan Companies PLC (NYSE:RDC) Q4 2016 Sentiment

July 17, 2017 - By Clifton Ray

 Rowan Companies PLC (NYSE:RDC)  Q4 2016 Sentiment

Sentiment for Rowan Companies PLC (NYSE:RDC)

Rowan Companies PLC (NYSE:RDC) institutional sentiment increased to 0.97 in 2016 Q4. Its up 0.04, from 0.93 in 2016Q3. The ratio improved, as 111 investment professionals opened new and increased stock positions, while 114 sold and trimmed stock positions in Rowan Companies PLC. The investment professionals in our partner’s database now possess: 139.24 million shares, up from 134.72 million shares in 2016Q3. Also, the number of investment professionals holding Rowan Companies PLC in their top 10 stock positions increased from 1 to 2 for an increase of 1. Sold All: 36 Reduced: 78 Increased: 74 New Position: 37.

Rowan Companies plc is a provider of offshore contract drilling services to the international gas and oil industry. The company has market cap of $1.37 billion. The Firm operates through two divisions: deepwater and jack-ups. It has a 6.69 P/E ratio. The Company’s deepwater segment consists of drillship operations.

About 1.40 million shares traded. Rowan Companies PLC (NYSE:RDC) has declined 16.50% since July 17, 2016 and is downtrending. It has underperformed by 33.20% the S&P500.

Investors wait Rowan Companies PLC (NYSE:RDC) to report on August, 1. its quarterly earnings Wall Street analysts expect $-0.39 earnings per share, down $1.14 or 152.00 % from last year’s $0.75 same quarter earnings. Rowan Companies PLC’s Wall Street analysts see -657.14 % negative EPS growth, taking into account the $0.07 EPS reproted in the previous quarter,

Blue Harbour Group L.P. holds 6.66% of its portfolio in Rowan Companies PLC for 10.54 million shares. Denali Advisors Llc owns 392,490 shares or 1.29% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 1.1% invested in the company for 622,263 shares. The New York-based Luminus Management Llc has invested 1.09% in the stock. Corecommodity Management Llc, a Connecticut-based fund reported 52,198 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 1 sale for $62,800 activity.

Rowan Companies PLC (NYSE:RDC) Ratings Coverage

Ratings analysis reveals 19% of Rowan Companies Inc.’s analysts are positive. Out of 26 Wall Street analysts rating Rowan Companies Inc., 5 give it “Buy”, 5 “Sell” rating, while 16 recommend “Hold”. The lowest target is $10 while the high is $26. The stock’s average target of $17.86 is 63.11% above today’s ($10.95) share price. RDC was included in 66 notes of analysts from July 22, 2015. The firm has “Underperform” rating given on Friday, June 30 by Bank of America. The firm has “Buy” rating given on Monday, September 19 by Zephrin Group. The rating was maintained by Jefferies on Thursday, November 19 with “Buy”. On Tuesday, December 22 the stock rating was downgraded by Credit Agricole to “Underperform”. The stock has “Neutral” rating by Citigroup on Monday, May 16. The company was downgraded on Friday, September 23 by Credit Suisse. The rating was upgraded by Seaport Global to “Buy” on Monday, March 14. The rating was maintained by Credit Suisse on Monday, April 24 with “Hold”. maintained it with “Neutral” rating and $16 target in Monday, October 10 report. As per Thursday, March 23, the company rating was maintained by Scotia Capital.

Another recent and important Rowan Companies PLC (NYSE:RDC) news was published by Zacks.com which published an article titled: “Is Rowan Companies a Great Stock for Value Investors?” on July 07, 2017.

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