Rowan Companies plc Shares See a Change of -13.19% This Week

Xavier Trudeau
Août 13, 2017

Prescott Group Capital Management L.L.C. purchased a new position in Rowan Companies PLC (NYSE:RDC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

Nationwide Fund Advisors bolstered its ownership by buying 123,550 shares an increase of 50.7% in the quarter.

California Public Employees Retirement System divested its investment by shedding 1,300 shares a decrease of 0.4% in the quarter.

Rowan Companies PLC (NYSE:RDC) issued its quarterly earnings data on Wednesday, August 2nd. State Treasurer State of MI now owns 51,000 shares of the oil and gas company's stock valued at $795,000 after buying an additional 500 shares during the last quarter.

Several other large investors have also recently modified their holdings of RDC. BlackRock Inc. boosted its position in shares of Rowan Companies PLC by 4,558.9% in the first quarter. Jefferies Group LLC reiterated a "hold" rating and set a $12.00 target price (down previously from $15.00) on shares of Rowan Companies PLC in a report on Tuesday, July 18th. Helmerich & Payne has raised its dividend for 44 consecutive years and Rowan Companies PLC has raised its dividend for 2 consecutive years. Wright Investors Service Inc. now owns 31,095 shares of the oil and gas company's stock worth $484,000 after buying an additional 7,495 shares during the period. Neuberger Berman Group LLC now owns 10,237 shares of the oil and gas company's stock valued at $159,000 after buying an additional 55 shares during the last quarter. Finally, Thrivent Financial For Lutherans increased its position in Rowan Companies PLC by 30.2% in the first quarter. (Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell). The total amount of shares outstanding is 128.41 million, giving the company a market capitalization of about 1.31 billion. Tiaa Cref Investment Management LLC added to its stake by buying 214,029 shares an increase of 28.9%. Company shares last traded at $9.94 which is quite a bit lower than $10.92, the 50 day moving average and well below the 200 day moving average of $14.09. The stock's 52-week range is $9.74 to $21.68, and its 3-month range is $9.74 to $14.20. Average estimation for the current quarter has been provided by 31 analysts.

Rowan Companies PLC beats Helmerich & Payne on 8 of the 13 factors compared between the two stocks. Amalgamated Bank now owns 19,915 shares of the oil and gas company's stock valued at $310,000 after buying an additional 590 shares during the last quarter. The total value of its holdings decreased 15.3%. During the same period in the previous year, the company posted $0.75 EPS. About shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since August 10, 2016 and is downtrending.

TRADEMARK VIOLATION NOTICE: "Rowan Companies PLC (RDC) Debt Trading 1.3% Lower" was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and global trademark and copyright laws. Credit Suisse downgraded the shares of RDC in report on Friday, September 23 to "Neutral" rating. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/08/13/fox-run-management-l-l-c-sells-24800-shares-of-rowan-companies-plc-nyserdc-updated-updated.html.

Rowan Companies plc is a provider of offshore contract drilling services to the worldwide gas and oil industry. KLR initiated Rowan Companies PLC (NYSE:RDC) on Monday, December 14 with "Buy" rating. The company presently has a consensus rating of "Hold" and an average price target of $16.37. The Company's deepwater segment consists of drillship operations. Given Rowan Companies PLC's stronger consensus rating and higher possible upside, analysts plainly believe Rowan Companies PLC is more favorable than Helmerich & Payne.

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