Rowan Companies (RDC) Set to Announce Earnings on Wednesday

Rowan Companies (NYSE:RDC) is set to post its quarterly earnings results before the market opens on Wednesday, February 28th. Analysts expect Rowan Companies to post earnings of ($0.32) per share for the quarter.

Rowan Companies (NYSE:RDC) opened at $12.62 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.80 and a current ratio of 5.80. The firm has a market capitalization of $1,590.00, a P/E ratio of -24.75 and a beta of 1.73. Rowan Companies has a 1-year low of $9.02 and a 1-year high of $18.97.

A number of research analysts recently weighed in on the company. Susquehanna Bancshares set a $14.00 target price on Rowan Companies and gave the stock a “hold” rating in a report on Wednesday, February 14th. Piper Jaffray Companies set a $17.00 target price on Rowan Companies and gave the stock a “hold” rating in a report on Wednesday, February 14th. DNB Markets raised Rowan Companies from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, February 14th. B. Riley reissued a “buy” rating on shares of Rowan Companies in a report on Wednesday, November 1st. Finally, UBS Group boosted their target price on Rowan Companies from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.60.

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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.

Earnings History for Rowan Companies (NYSE:RDC)

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