Media coverage about Rowan Companies (NYSE:RDC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rowan Companies earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.3649522329054 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s rankings:
Several equities research analysts have commented on RDC shares. Cowen set a $14.00 target price on shares of Rowan Companies and gave the stock a “hold” rating in a research report on Thursday, January 11th. Barclays lowered shares of Rowan Companies from an “equal weight” rating to an “underweight” rating and set a $10.00 target price on the stock. in a research report on Tuesday, January 23rd. Susquehanna Bancshares set a $13.00 target price on shares of Rowan Companies and gave the stock a “hold” rating in a research report on Friday, April 13th. Zacks Investment Research upgraded shares of Rowan Companies from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, TheStreet upgraded shares of Rowan Companies from a “d+” rating to a “c” rating in a research report on Wednesday, February 28th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.75.
Rowan Companies stock opened at $15.40 on Thursday. Rowan Companies has a 52 week low of $9.02 and a 52 week high of $17.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 6.06 and a current ratio of 6.06. The stock has a market capitalization of $1,886.44, a P/E ratio of -24.06 and a beta of 1.80.
Rowan Companies (NYSE:RDC) last released its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Rowan Companies had a negative return on equity of 1.52% and a net margin of 5.67%. The business had revenue of $296.70 million during the quarter, compared to analysts’ expectations of $270.28 million. During the same quarter in the prior year, the firm earned $0.08 earnings per share. Rowan Companies’s quarterly revenue was down 15.7% on a year-over-year basis. analysts forecast that Rowan Companies will post -3.41 EPS for the current fiscal year.
In related news, CFO Stephen M. Butz sold 3,671 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $12.99, for a total value of $47,686.29. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.
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Rowan Companies Company Profile
Rowan Companies plc provides offshore oil and gas contract drilling services to the oil and gas industry. The company operates through Deepwater, Jack-ups, and ARO segments. The Deepwater segment operates 4 ultra-deepwater drillships. The Jack-ups segment operates 23 self-elevating jack-up rigs. The ARO segment operates 5 self-elevating jack-up rigs.
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