Rowan Companies PLC (RDC) Receiving Somewhat Favorable News Coverage, Study Shows

News coverage about Rowan Companies PLC (NYSE:RDC) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rowan Companies PLC earned a news sentiment score of 0.14 on Accern’s scale. 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.

These are some of the headlines that may have impacted Accern Sentiment’s analysis:

Rowan Companies PLC (NYSE:RDC) opened at 9.94 on Friday. The stock’s market cap is $1.25 billion. The firm’s 50-day moving average is $10.91 and its 200 day moving average is $14.02. Rowan Companies PLC has a one year low of $9.71 and a one year high of $21.68.

Rowan Companies PLC (NYSE:RDC) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.25) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.05. The company had revenue of $320.20 million for the quarter, compared to the consensus estimate of $296.87 million. Rowan Companies PLC had a positive return on equity of 0.51% and a negative net margin of 2.62%. Rowan Companies PLC’s quarterly revenue was down 47.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. On average, analysts anticipate that Rowan Companies PLC will post ($0.97) EPS for the current fiscal year.

Several brokerages recently issued reports on RDC. Credit Suisse Group reiterated a “hold” rating and issued a $21.00 price target on shares of Rowan Companies PLC in a research note on Friday, April 21st. BMO Capital Markets set a $15.00 price objective on shares of Rowan Companies PLC and gave the company a “hold” rating in a research note on Tuesday, April 18th. Barclays PLC reduced their price objective on shares of Rowan Companies PLC from $19.00 to $16.00 and set an “equal weight” rating for the company in a research note on Monday, May 1st. Fearnley Fonds upgraded shares of Rowan Companies PLC to a “buy” rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC reduced their price objective on shares of Rowan Companies PLC from $17.00 to $15.00 and set a “hold” rating for the company in a research note on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.37.

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Rowan Companies PLC Company Profile

Rowan Companies plc is a provider of offshore contract drilling services to the international oil and gas industry. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. 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.

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