Rowan Companies plc (RDC): Insider Trading and Ownership Analysis

Paterniano Del Favero
Agosto 13, 2017

Rowan Companies plc (NYSE:RDC) shares saw the needle move -13.19% on the week. Thrivent Financial For Lutherans added to its ownership by buying 651,370 shares an increase of 91.8% from 03/31/2017 to 06/30/2017. 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.

The good news is there's still room for Rowan Companies plc (RDC) to grow. Dimensional Fund Advisors LP now owns 10,615,408 shares of the oil and gas company's stock valued at $165,387,000 after buying an additional 477,442 shares during the last quarter.

Here are a few other firms who have updated their positions.

According to analysts Rowan Companies (NYSE:RDC)'s minimum EPS for the current quarter is at $-0.81 and can go high up to $-0.25. Fearnley Fonds raised Rowan Companies PLC to a "buy" rating in a research report on Friday, April 28th.

Wall Street analysts are predicting that Rowan Companies (NYSE:RDC) will report earnings per share of $-0.43 in their quarterly report.

Rowan Companies plc (RDC)'s ROE is -0.71%, while industry's is -17.37%. Thrivent Financial For Lutherans now owns 2,014,830 shares of the oil and gas company's stock valued at $31,391,000 after buying an additional 467,760 shares during the last quarter. The firm owned 483,000 shares of the oil and gas company's stock at the end of the second quarter. Finally, Cowen and Company reaffirmed a "hold" rating and set a $15.00 target price on shares of Rowan Companies PLC in a research note on Thursday, August 3rd.

Analysts expect Target Corporation (NYSE:TGT) to report $1.21 EPS on August, 16 before the open.They anticipate $0.02 EPS change or 1.63% from last quarter's $1.23 EPS. BlackRock Inc. now owns 10,987,886 shares of the oil and gas company's stock valued at $171,191,000 after buying an additional 10,752,038 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management increased its position in Rowan Companies PLC by 0.7% in the first quarter. On June 21 the stock rating was downgraded to "Sell" from "Buy" in a report from Seaport Global. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. As of the end of the quarter Tiaa Cref Investment Management LLC had acquired a total of 214,029 shares growing its holdings by 28.9%. The stock has a 50 day moving average of $10.91 and a 200 day moving average of $14.02. In this case, shares are down -5.11% from $9.21, the 52-week high touched on August 10, 2016, but are collecting gains at -4.7% for the past 12 months. The business had revenue of $320.20 million during the quarter, compared to analyst estimates of $296.87 million.

For the past 5 years, Rowan Companies plc's EPS growth has been almost 18.8%. Oregon Public Employees Retirement Fund now owns 43,948 shares of the oil and gas company's stock worth $685,000 after buying an additional 600 shares during the period. During the same period in the previous year, the company posted $0.75 EPS.

Looking about the past performance history, the company plunged -10.23% for the last five trades and exhausted -2.21% in one month period.

RDC has been the topic of several research analyst reports.

TRADEMARK VIOLATION NOTICE: This story was originally posted by BBNS and is the property of of BBNS. The correct version of this article can be viewed at Rowan Companies PLC has a consensus price target of $16.37, suggesting a potential upside of 42.96%. The Firm operates through two divisions: deepwater and jack-ups. KLR initiated Rowan Companies PLC (NYSE:RDC) on Monday, December 14 with "Buy" rating. Its deepwater segment consists of drillship operations. Given Rowan Companies PLC's stronger consensus rating and higher possible upside, analysts plainly believe Rowan Companies PLC is more favorable than Helmerich & Payne.

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