Rowan Companies (RDC) PT Set at $14.00 by Susquehanna Bancshares

Susquehanna Bancshares set a $14.00 target price on Rowan Companies (NYSE:RDC) in a research report released on Wednesday morning. The firm currently has a hold rating on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the stock. Piper Jaffray Companies reiterated a buy rating and set a $15.00 price objective on shares of Rowan Companies in a report on Sunday, October 22nd. B. Riley set a $16.00 price objective on shares of Rowan Companies and gave the company a buy rating in a report on Friday, January 5th. DNB Markets upgraded shares of Rowan Companies from a hold rating to a buy rating and set a $15.00 price objective on the stock in a report on Wednesday. began coverage on shares of Rowan Companies in a report on Thursday, October 19th. They set a buy rating and a $16.80 price objective on the stock. Finally, Zacks Investment Research lowered shares of Rowan Companies from a buy rating to a hold rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $15.60.

Rowan Companies (NYSE RDC) opened at $12.77 on Wednesday. Rowan Companies has a fifty-two week low of $9.02 and a fifty-two week high of $18.97. The firm has a market cap of $1,610.00, a PE ratio of -25.04 and a beta of 1.73. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.47.

Several large investors have recently bought and sold shares of RDC. Assetmark Inc. increased its position in shares of Rowan Companies by 3,057.4% during the fourth quarter. Assetmark Inc. now owns 8,525 shares of the oil and gas company’s stock worth $134,000 after acquiring an additional 8,255 shares in the last quarter. Wedbush Securities Inc. bought a new stake in shares of Rowan Companies during the third quarter worth about $135,000. Smith Salley & Associates bought a new stake in shares of Rowan Companies during the third quarter worth about $146,000. LMR Partners LLP bought a new stake in Rowan Companies in the 3rd quarter worth about $165,000. Finally, Investors Research Corp bought a new stake in Rowan Companies in the 4th quarter worth about $177,000.

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About Rowan Companies

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.

Analyst Recommendations for Rowan Companies (NYSE:RDC)

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