Rowan Companies plc Class A Ord (NYSE:RDC):
Rowan Provides Fleet Contract Status Update.
The company is down since yesterday’s close of $13.975.
Shares of the company are trading at $13.49 just a bit lower than $14.07, the 50 day moving average and a tad under the 200 day moving average of $15.79. The 50 day moving average went down $-0.58 or -4.12% whereas the 200 day moving average was down $-2.30 or -14.57%.
Rowan Companies plc Class A Ord currently has a P/E ratio of 7.54 and the market cap is 1.69B. As of the latest earnings report the EPS was $1.79 and is expected to be $1.71 for the current year with 125,420,000 shares outstanding. Next quarter’s EPS is forecasted at $-0.06 and the next full year EPS is projected to be $-0.67.
Several ratings analysts have issued ratings on Rowan Companies plc Class A Ord of late. On October 10 CItigroup maintained a company rating of “Neutral” but raised the price expectation from $15.00 to $16.00. On October 3, 2016 the stock rating was changed to a “Sell” in a report from Societe Generale a cut from the previous “Hold” rating.
September 28 investment analysts at Jefferies left the stock rating at “Buy” but moved down the price target to $17.00 from $26.00. Equity analyst Credit Suisse downgraded the stock and lowered the price target on September 23 changing the price objective from $16.00 to $13.00 and moving the rating from “Outperform” to “Neutral”.
On September 23 the company was downgraded to “Neutral” from “Outperform” with a current price target of $13.00 in a report from Credit Suisse. On September 19 the company was set at “Buy” by Zephrin Group which is up from the previous “” rating.