UP!

RDC $10.93

RDC target price
10.93
0
0
Rowan Companies plc
Type
Public limited company
Traded as NYSE: RDC
S&P 400 component
Industry Petroleum industry
Founded 1923; 94 years ago (1923)
Headquarters Williams Tower
Houston, Texas
Key people
Sir Graham Hearne, Chairman
Mark Keller, CEO
Stephen M. Butz, CFO
Services offshore drilling and petroleum and natural gas well drilling
Revenue Increase $2.137 billion (2015)
Net income
Increase $93.311 million (2015)
Total assets Decrease $8.347 billion (2015)
Total equity Increase $4.772 billion (2015)
Number of employees
3,496 (2015)
Website www.rowancompanies.com

Rowan Companies plc, is an offshore drilling contractor that provides drilling services to the petroleum industry. The company is incorporated in England and Wales and headquartered in Houston, Texas.

The company operates a fleet of 31 rigs including 27 offshore drilling jackup rigs and 4 ultra-deepwater drillships. The company operates worldwide in the Gulf of Mexico, Trinidad, North Sea, Southeast Asia, Mediterranean, Middle East and Southeast Asia.

Its offshore jackup rigs include cantilever jackup rigs that are designated as Gorilla Class rigs, Super Gorilla Class rigs, Tarzan Class rigs, 240C Class Rigs, EXL class rigs and N-class rigs, as well as conventional jackup rigs.

Its ultra-deepwater drillships are based on the Gusto MSC P10,000 class with capacity for 12,000’ of riser and a variable deck load capacity of 20,000 tons.

The company provides quarterly updates on the status of each rig in its fleet on its website.

In 2015, 19% of the company's revenues came from Saudi Aramco, 13% of its revenues came from ConocoPhillips, and 10% of its revenues came from Anadarko Petroleum.

Rowan Drilling Company, Inc. was founded in 1923 by brothers Charles and Arch Rowan as a contract drilling business.

The company went public in 1967, issuing 323,000 shares.

In 1971, the company changed its name to Rowan Companies, Inc.

In 1994, the company acquired the assets of Marathon LeTourneau Company from General Cable for $52 million.

In 2000, Rowan subsidiary LeTourneau, Inc. acquired The Ellis Williams Company, Inc., a manufacturer of mud pumps, for $9 million.

In 2002, Rowan Electric, Inc. acquired Oilfield-Electric-Marine, a manufacturer of variable speed AC motors and variable frequency drive systems, for $8 million in stock.

In 2004, the company sold its aviation subsidiary business, Era Aviation, which chartered helicopter and fixed-wing services, for $118.1 million in cash to SEACOR Holdings.

In 2007, the company pleaded guilty to environmental violations caused by the Rowan-Midland drilling rig between 2002 and 2004 and agreed to pay $9 million in fines.

In 2009, W. Matt Ralls was named President and chief executive officer of the company.

In 2010, the company acquired Skeie Drilling & Production ASA, including its three North Sea compliant (N-class) jack-up rigs under construction.

In 2013, the company sold its manufacturing subsidiary, LeTourneau Technologies, Inc., and its land drilling operations to Joy Global in a $1.1 billion transaction. Joy Global subsequently sold LeTourneau's Drilling, Marine, and Power divisions to Cameron International for $375 million.

In January 2014, the company took delivery its first ultra-deepwater drillship, the Rowan Renaissance.

The company eventually took delivery of 4 ultra-deepwater drillships, at a cost of approximately $600 million each.

In April 2014, Thomas P. Burke was named President and CEO. Matt Ralls became Executive Chairman.

In 2017, the company acquired 2 rigs from Petrobras.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2018 2019-02-27 -1.11 -0.11
Q3 2018 2018-10-31 -1.13 -1.13

Ratings

2016-07-12 Upgrade Stephens Equal Weight to Buy
2016-07-10 Reiterated Rating Jefferies Group Buy
2016-07-07 Reiterated Rating Evercore ISI Buy $22.00 to $23.00
2016-07-05 Downgrade Iberia Capital Outperform to Sector Perform $19.00
2016-06-29 Reiterated Rating Evercore ISI Buy
2016-06-13 Upgrade Johnson Rice Accumulate to Buy
2016-06-13 Reiterated Rating Bank of America Underperform
2016-06-13 Reiterated Rating Bank of America Corp. Underperform
2016-05-19 Reiterated Rating Citigroup Inc. Hold
2016-05-16 Boost Price Target Citigroup Inc. Neutral $17.00 to $18.00
2016-05-06 Reiterated Rating Jefferies Group Buy $16.00 to $21.00
2016-05-05 Reiterated Rating FBR & Co. Buy
2016-05-05 Lower Price Target Jefferies Group $21.00 to $16.00
2016-05-05 Reiterated Rating FBR & Co Buy
2016-04-22 Reiterated Rating FBR & Co. Buy
2016-04-22 Boost Price Target RBC Capital Sector Perform $15.00 to $20.00
2016-04-22 Boost Price Target Royal Bank Of Canada Sector Perform $15.00 to $20.00
2016-04-11 Reiterated Rating Clarkson Capital Neutral
2016-04-08 Initiated Coverage Nomura Neutral $14.00
2016-04-08 Initiated Coverage Nomura Holdings Inc. Neutral $14.00
2016-03-28 Lower Price Target Barclays Equal Weight $13.00 to $12.00
2016-03-28 Lower Price Target Barclays PLC Equal Weight $13.00 to $12.00
2016-03-21 Lower Price Target Cowen and Company $16.00 to $14.00
2016-03-16 Boost Price Target Citigroup Inc. Hold $14.00 to $17.00
2016-03-14 Upgrade Seaport Global Securities Neutral to Buy $12.00 to $19.00
2016-03-12 Reiterated Rating Deutsche Bank Hold
2016-03-12 Reiterated Rating Deutsche Bank AG Hold
2016-03-09 Reiterated Rating Fearnley Fonds Accumulate to Reduce
2016-03-01 Reiterated Rating Jefferies Group Buy
2016-02-29 Boost Price Target Susquehanna $13.00 to $14.00
2016-02-29 Lower Price Target KLR Group Buy $21.00 to $17.00
2016-02-29 Lower Price Target JPMorgan Chase & Co. Overweight $22.00 to $19.00
2016-02-29 Lower Price Target FBR & Co. Outperform $30.00 to $25.00
2016-02-29 Lower Price Target Credit Suisse Outperform $23.00 to $16.00
2016-02-29 Lower Price Target Credit Suisse Group AG Outperform $23.00 to $16.00
2016-02-28 Reiterated Rating Cowen and Company Neutral
2016-02-02 Lower Price Target Barclays Equal Weight $19.00 to $13.00
2016-01-31 Reiterated Rating Citigroup Inc. Neutral
2016-01-29 Lower Price Target Jefferies Group Buy $26.00 to $16.00
2016-01-29 Lower Price Target Citigroup Inc. $23.00 to $14.00
2016-01-28 Upgrade Morgan Stanley Underweight to Equal Weight $20.00 to $17.00
2016-01-21 Lower Price Target Stephens $15.00 to $10.00
2016-01-21 Lower Price Target Seaport Global Securities Neutral $13.00 to $12.00
2016-01-21 Lower Price Target Goldman Sachs Neutral $13.75 to $13.00
2016-01-21 Lower Price Target Goldman Sachs Group Inc. Neutral $13.75 to $13.00
2016-01-19 Lower Price Target Deutsche Bank Hold $22.00 to $21.00
2016-01-15 Reiterated Rating Citigroup Inc. Neutral
2016-01-07 Initiated Coverage Stephens Equal Weight
2015-12-28 Downgrade Imperial Capital Sell
2015-12-27 Reiterated Rating Evercore ISI Buy
2015-12-22 Downgrade Imperial Capital Sell
2015-12-22 Downgrade Credit Agricole Outperform to Underperform
2015-12-22 Downgrade CLSA Outperform to Underperform
2015-12-22 Downgrade Credit Agricole SA Outperform to Underperform
2015-12-21 Reiterated Rating Evercore ISI Buy
2015-12-15 Reiterated Rating JPMorgan Chase & Co. Overweight
2015-12-14 Boost Price Target Howard Weil $22.00 to $23.00
2015-12-14 Initiated Coverage KLR Group Buy $25.00
2015-12-03 Reiterated Rating Jefferies Group Buy $28.00 to $26.00
2015-11-30 Upgrade Guggenheim Neutral to Buy $24.00
2015-11-19 Reiterated Rating Jefferies Group Buy $25.00 to $26.00
2015-11-04 Reiterated Rating Deutsche Bank Hold
2015-11-04 Boost Price Target Susquehanna $21.00 to $23.00
2015-11-04 Boost Price Target Societe Generale Hold $20.00 to $22.00
2015-11-04 Boost Price Target Raymond James $20.00 to $25.00
2015-11-04 Boost Price Target Credit Suisse $20.00 to $23.00
2015-11-04 Boost Price Target Barclays $17.00 to $19.00
2015-11-04 Boost Price Target RBC Capital Sector Perform $17.00 to $20.00
2015-11-04 Boost Price Target Raymond James Financial Inc. $20.00 to $25.00
2015-10-20 Initiated Coverage Citigroup Inc. Neutral $21.00
2015-10-19 Boost Price Target Susquehanna Neutral $18.00 to $21.00
2015-10-15 Boost Price Target Societe Generale Hold $19.00 to $20.00
2015-10-14 Lower Price Target JPMorgan Chase & Co. $24.00 to $22.00
2015-10-08 Initiated Coverage KeyBanc Sector Weight
2015-10-08 Initiated Coverage KeyCorp Sector Weight
2015-10-02 Lower Price Target Jefferies Group Buy $25.00
2015-09-28 Reiterated Rating Deutsche Bank Hold $20.00 to $21.00
2015-09-09 Downgrade Tudor Pickering Accumulate to Hold
2015-09-01 Lower Price Target Susquehanna Neutral $19.00 to $18.00
2015-08-21 Lower Price Target Global Hunter Securities $19.00 to $18.00
2015-08-21 Lower Price Target Seaport Global Securities $19.00 to $18.00
2015-08-13 Lower Price Target Barclays Equal Weight $21.00 to $17.00
2015-08-06 Lower Price Target Societe Generale Hold $22.00 to $19.00
2015-08-06 Lower Price Target Jefferies Group Buy $27.00 to $26.00
2015-08-06 Lower Price Target Barclays Equal Weight $22.00 to $21.00
2015-08-06 Lower Price Target Cowen and Company Market Perform $21.00 to $18.00
2015-07-21 Lower Price Target Susquehanna Neutral $23.00 to $19.00
2015-07-14 Reiterated Rating Jefferies Group Buy $27.00
2015-06-11 Initiated Coverage Barclays Equal Weight $22.00
2015-05-29 Initiated Coverage JPMorgan Chase & Co. Overweight $26.00
2015-05-23 Reiterated Rating Susquehanna Neutral $22.00 to $23.00
2015-05-23 Reiterated Rating Jefferies Group Buy $27.00
2015-05-23 Reiterated Rating Global Hunter Securities Neutral $19.00 to $22.00
2015-05-23 Reiterated Rating Seaport Global Securities Neutral $19.00 to $22.00
2015-05-12 Reiterated Rating Jefferies Group Buy $27.00
2015-05-12 Reiterated Rating Global Hunter Securities Neutral $19.00 to $22.00
2015-05-12 Reiterated Rating Seaport Global Securities Neutral $19.00 to $22.00
2015-05-10 Reiterated Rating Raymond James Outperform $24.00 to $26.00
2015-05-07 Reiterated Rating Susquehanna Neutral $19.00 to $22.00
2015-05-04 Set Price Target Zephirin Group Buy $30.00
2015-03-24 Lower Price Target FBR & Co. Outperform $36.00 to $30.00
2015-03-03 Lower Price Target Deutsche Bank Hold $24.00 to $21.00
2015-02-23 Downgrade Capital One Financial Corp. Overweight to Equal Weight
2015-02-20 Lower Price Target RBC Capital Sector Perform $27.00 to $25.00
2015-02-18 Initiated Coverage BMO Capital Markets Market Perform $25.00
2015-02-04 Downgrade Nordea Equity Research Hold to Sell $23.00 to $18.00
2015-02-02 Reiterated Rating Jefferies Group Buy $28.00 to $26.00
2015-01-22 Boost Price Target Cowen and Company Market Perform $20.00 to $25.00
2015-01-09 Downgrade RBC Capital Outperform to Sector Perform $27.00
2014-12-03 Initiated Coverage Jefferies Group Buy $28.00
2014-11-06 Reiterated UBS Neutral $33 to $24
2014-11-06 Reiterated Rating Credit Suisse Outperform $35.00 to $32.00
2014-10-21 Upgrade RS Platou Neutral to Buy
2014-10-16 Downgrade Nordea Equity Research Buy to Hold $37.50 to $23.00
2014-10-15 Reiterated Rating Deutsche Bank Hold $28.00 to $27.00
2014-10-14 Initiated Coverage Evercore ISI Buy
2014-10-02 Lower Price Target FBR & Co. Outperform $40.00 to $36.00
2014-09-26 Reiterated Cowen Market Perform $30 to $28
2014-09-26 Downgrade RS Platou Neutral
2014-09-26 Lower Price Target Cowen and Company Market Perform $30.00 to $28.00
2014-09-23 Initiated Coverage Wells Fargo & Co. Market Perform
2014-09-23 Initiated Coverage Wells Fargo Market Perform
2014-09-17 Downgrade Societe Generale Buy to Hold
2014-08-26 Reiterated Rating FBR & Co. Outperform $45.00 to $40.00
2014-08-07 Lower Price Target Susquehanna $34.00 to $32.00
2014-08-07 Reiterated Rating Jefferies Group Buy $37.00 to $36.00
2014-08-04 Reiterated Rating Deutsche Bank Hold $34.00 to $33.00
2014-07-21 Reiterated Cowen Market Perform $32 to $30
2014-07-21 Lower Price Target Raymond James $35.00 to $34.00
2014-07-21 Lower Price Target Cowen and Company Market Perform $32.00 to $30.00
2014-07-15 Upgrade BMO Capital Markets Underperform to Market Perform $27.00 to $32.00
2014-07-10 Boost Price Target Goldman Sachs $32.50 to $33.00
2014-05-29 Lower Price Target Goldman Sachs $34.00 to $32.50
2014-05-19 Lower Price Target Jefferies Group Buy $39.00 to $37.00
2014-05-14 Lower Price Target Global Hunter Securities $33.00 to $31.00
2014-05-14 Lower Price Target Seaport Global Securities $33.00 to $31.00
2014-05-07 Lower Price Target Howard Weil Sector Outperform $48.00 to $41.00
2014-05-05 Lower Price Target JPMorgan Chase & Co. $43.00 to $37.00
2014-04-08 Lower Price Target Barclays $48.00 to $44.00
2014-04-07 Downgrade Morgan Stanley Equal Weight to Underweight $42.00 to $33.00
2014-03-21 Lower Price Target Societe Generale $41.00 to $38.00
2014-03-05 Lower Price Target Sanford C. Bernstein $37.00 to $35.00
2014-02-28 Lower Price Target Cowen and Company Market Perform $35.00 to $34.00
2014-02-03 Upgrade Raymond James Market Perform to Outperform
2014-01-22 Upgrade Tudor Pickering Hold to Accumulate
2014-01-21 Lower Price Target Cowen and Company Market Perform $37.00 to $35.00
2014-01-13 Downgrade Evercore ISI Strong-Buy to Buy
2014-01-08 Upgrade RBC Capital Sector Perform to Outperform $40.00
2014-01-07 Lower Price Target JPMorgan Chase & Co. $45.00 to $43.00
2013-12-17 Boost Price Target Barclays Overweight $48.00 to $49.00
2013-12-06 Initiated Coverage FBR & Co. Market Perform to Outperform
2013-11-26 Lower Price Target Susquehanna $40.00 to $39.00
2013-10-16 Downgrade BMO Capital Markets Market Perform to Underperform
2013-10-11 Upgrade Societe Generale Hold to Buy $40.00 to $42.00
2013-09-27 Reiterated Rating Citigroup Inc. Buy $42.00 to $43.00
2012-11-05 Downgrade Dahlman Rose Buy to Hold
2011-12-30 Downgrade Global Hunter Securities Buy to Accumulate $42 to $36
2011-11-02 Resumed Dahlman Rose Buy $45
2011-07-20 Downgrade Dawson James Strong Buy to Buy $50.25 to $43.50
2011-05-09 Reiterated Global Hunter Securities Neutral $44 to $41
2016-07-12 Upgrade Stephens Equal Weight to Buy
2016-07-10 Reiterated Rating Jefferies Group Buy
2016-07-07 Reiterated Rating Evercore ISI Buy $22.00 to $23.00
2016-07-05 Downgrade Iberia Capital Outperform to Sector Perform $19.00
2016-06-29 Reiterated Rating Evercore ISI Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Burke Thomas Peter President & COO 0.65%  (812359) RDC /
RALLS W MATT President and CEO 0.31%  (386229) COG / EPB / NCSM / RDC / SPN /
KELLER MARK A Executive V.P. - Business Dev. 0.27%  (338026) RDC /
Butz Stephen M EVP, CFO and Treasurer 0.23%  (291561) HERO / RDC /
Brooks Travis Fred Senior Vice President 0.14%  (170439) RDC /
Necaise Frankie Derek Senior Vice President 0.09%  (112402) RDC /
BUVENS JOHN L Executive V.P. - Legal 0.08%  (103630) RDC /
Mai Mark Francis EVP, General Counsel and Secty 0.07%  (83280) DRC / RDC /
LENTZ HENRY E Chairman of the Board 0.06%  (80400) BTU / CRR / RDC / WPX /
Smith Newton Pharr Senior Vice President 0.06%  (75999) RDC /
PEACOCK P DEXTER 0.06%  (70524) COG / RDC /
McHenry Kelly Andrew Vice President, Drilling Oprs 0.05%  (67470) RDC /
Bartol John Kevin EVP, CFO and Treasurer 0.05%  (61452) RDC /
HIX THOMAS R 0.05%  (56188) EPE / RDC / WGP /
Hatfield Gregory Michael Vice President & Controller 0.04%  (55381) RDC /
Trent Melanie Montague SVP, CAO & Company Secretary 0.04%  (53530) RDC /
Quintero Alan SVP - Business Development 0.03%  (43279) RDC /
BALDWIN DENNIS S Chief Accounting Officer 0.03%  (42888) CAM / KBR / RDC /
HEARNE GRAHAM 0.03%  (41324) RDC /
FOX WILLIAM T III 0.03%  (38943) CLD / RDC /
Anderson Richard Jason Vice President- HR 0.03%  (38173) RDC /
MOYNIHAN COLIN B 0.03%  (33617) RDC /
CROYLE ROBERT G 0.02%  (30000) MMP / RDC /
Albrecht William E 0.01%  (15569) CRC / HAL / OXY / RDC /
QUICKE JOHN J 0.01%  (12195) AVNW / RDC / SXCL /
SANDVOLD TORE I 0.01%  (10195) RDC / SLB /