Media stories about Rowan Companies (NYSE:RDC) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rowan Companies earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.8437049885209 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Week 2: Moody’s Downgraded Ensco (finance.yahoo.com)
- One More Downgrade Comes in for Diamond Offshore (finance.yahoo.com)
- Truenorth Raised Its Kinder Morgan Del (KMI) Holding; Saba Capital Management LP Has Raised By $594000 Its … – Hill Country Times (hillcountrytimes.com)
- Rowan Companies (RDC) PT Set at $14.00 by Cowen (americanbankingnews.com)
- Susquehanna Bancshares Analysts Give Rowan Companies (RDC) a $15.00 Price Target (americanbankingnews.com)
A number of research analysts recently commented on RDC shares. BMO Capital Markets set a $12.00 target price on Rowan Companies and gave the company a “hold” rating in a research note on Tuesday, October 17th. Cowen set a $14.00 target price on Rowan Companies and gave the company a “hold” rating in a research note on Thursday, January 11th. Royal Bank of Canada set a $14.00 target price on Rowan Companies and gave the company a “hold” rating in a research note on Sunday, October 8th. FBR & Co reissued a “buy” rating on shares of Rowan Companies in a research note on Thursday, October 19th. Finally, B. Riley reissued a “buy” rating on shares of Rowan Companies in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company. Rowan Companies presently has a consensus rating of “Hold” and an average price target of $16.54.
Rowan Companies (NYSE:RDC) opened at $15.92 on Friday. Rowan Companies has a 12 month low of $9.02 and a 12 month high of $20.25. The stock has a market capitalization of $2,010.00, a PE ratio of -31.22 and a beta of 1.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.80 and a current ratio of 5.80.
Rowan Companies (NYSE:RDC) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.26. Rowan Companies had a negative return on equity of 0.61% and a negative net margin of 4.76%. The firm had revenue of $291.60 million for the quarter, compared to analysts’ expectations of $281.51 million. During the same period last year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was down 23.1% compared to the same quarter last year. sell-side analysts anticipate that Rowan Companies will post -0.63 EPS for the current fiscal year.
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Rowan Companies 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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