Rowan Companies plc (NYSE:RDC) registered a -0.50% decrease, still its new closing price is 67.85% up from the company’s 1 year high of 21.68.It posted -9.36% losses in previous 5 sessions and is now the subject of 23 analysts who together assign a hold rating on stock. 4 of Wall Street analysts have an underperform rating; the 2 sells versus 2 buy or better ratings. The 37 stock analysts following this company have an average price target at $17.10, with individual PT in the $11.00-$25.00 range. The shares moved at $17.91, implying that brokerage firms see shares gaining about 52.95% in twelve months time.
Rowan Companies plc (RDC) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -5.19% fall year to date. A Director at Rowan Companies plc (RDC) acquired shares in a transaction closed on Tuesday May 19, 2015. SANDVOLD TORE I bought 5,000 shares in the company at $22.29 each and collected $111,000 in proceeds. SANDVOLD TORE I now owns 5,000 shares in the company after this transaction. A Senior Vice President in the company, Necaise Frankie Derek, disclosed a transaction on Wednesday June 11, 2014 that ended up generating $139,000 from the sale of 4,360 shares at $31.96 per share.
Rowan Companies plc (NYSE:RDC) Upcoming Results on Tap
Rowan Companies plc will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.20 in that period. Sales during the quarter are predicted to arrive at $351.15 million.
Earnings surprise history: Last quarter, the company posted approximately $379.4 million in revenue and EPS of $0.30. The mean forecast was for $362.38 million and $-0.01 a share, respectively. One quarter earlier, revenue for the stock was at $491.9 million, with earnings at $0.75/share.
Rowan Companies plc (RDC) Brokerage Update
Rowan Companies plc (RDC) is in Jefferies’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Jefferies, according to news reported on Monday January 30, 2017.Another important research note was issued by RBC Capital Mkts on Friday December 16, 2016.The firm downgraded RDC to Underperform from Sector Perform. Over the last six months and over the last three months, the shares of Rowan Companies plc (RDC), have changed 25.68% and 29.69%, respectively.