Rowan Companies (RDC) Receiving Somewhat Favorable News Coverage, Report Finds

News headlines about Rowan Companies (NYSE:RDC) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rowan Companies earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.7598598340039 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s analysis:

RDC has been the subject of several recent analyst reports. BMO Capital Markets set a $12.00 target price on Rowan Companies and gave the company a “hold” rating in a research note on Tuesday, October 17th. ValuEngine upgraded Rowan Companies from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Royal Bank Of Canada set a $14.00 target price on Rowan Companies and gave the company a “hold” rating in a research note on Sunday, October 8th. FBR & Co restated a “buy” rating on shares of Rowan Companies in a research note on Thursday, October 19th. Finally, B. Riley reiterated a “buy” rating on shares of Rowan Companies in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.52.

Shares of Rowan Companies (NYSE RDC) opened at $14.27 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.80 and a current ratio of 5.80. Rowan Companies has a 52-week low of $9.02 and a 52-week high of $21.68.

Rowan Companies (NYSE:RDC) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $0.26. Rowan Companies had a negative return on equity of 0.61% and a negative net margin of 4.76%. The company had revenue of $291.60 million during the quarter, compared to the consensus estimate of $281.51 million. During the same quarter last year, the company earned $0.30 EPS. The company’s quarterly revenue was down 23.1% on a year-over-year basis. equities analysts predict that Rowan Companies will post -0.67 EPS for the current fiscal year.

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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.

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