Barclays Capital Gives Overweight Rating to Rowan Companies (RDC)

By admin | 6 years ago

Rowan Companies (NYSE: RDC)‘s stock had its “overweight” rating restated by equities researchers at Barclays Capital (NYSE: BCS) in a report issued on Thursday.

Rowan Companies opened at 30.00 on Thursday. Rowan Companies has a 1-year low of $28.13 and a 1-year high of $40.76. The company has a market cap of $3.725 billion and a price-to-earnings ratio of 5.00.

Rowan Companies last released its earnings data on Wednesday, May 2nd. The company reported $0.42 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.07. Rowan Companies’s revenue was up 61.9% compared to the same quarter last year. Analysts expect that Rowan Companies will post $0.76 EPS next quarter.

A number of other firms have also recently commented on RDC. Analysts at Guggenheim downgraded shares of Rowan Companies from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, May 22nd. Separately, analysts at Macquarie upgraded shares of Rowan Companies from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, May 16th. Finally, analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Rowan Companies in a research note to investors on Monday, May 14th. They now have a $42.00 price target on the stock.

Rowan Companies, Inc. (Rowan) is a provider of international and domestic contract drilling services.

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