UP!
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Type
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Public limited company |
|---|---|
| Traded as | NYSE: RDC S&P 400 component |
| Industry | Petroleum industry |
| Founded | 1923 (1923) |
| Headquarters | Williams Tower Houston, Texas |
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Key people
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Sir Graham Hearne, Chairman Mark Keller, CEO Stephen M. Butz, CFO |
| Services | offshore drilling and petroleum and natural gas well drilling |
| Revenue |  $2.137 billion (2015) |
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Net income
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$93.311 million (2015) |
| Total assets |  $8.347 billion (2015) |
| Total equity | $4.772 billion (2015) |
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Number of employees
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3,496 (2015) |
| Website | www |
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.
| 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
In RDC 28 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| BlackRock Fund Advisors | 5.33M |
| BlackRock Institutional Trust Company, N.A. | 3.85M |
| Numeric Investors LLC | 2.17M |
| RUSSELL FRANK CO/ | 0.98M |
| BlackRock Investment Management, LLC | 0.65M |
| GLG Partners LP | 0.53M |
| CHUBB CORP | 0.50M |
| TEACHERS ADVISORS INC | 0.25M |
| TIAA CREF INVESTMENT MANAGEMENT LLC | 0.24M |
| NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION | 0.17M |
| BLACKROCK ADVISORS LLC | 0.15M |
| Placemark Investments, Inc. | 0.14M |
| BlackRock Group LTD | 0.12M |
| AHL Partners LLP | 0.11M |
| Oceanic Investment Management LTD | 84250 |
| 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 / |
UM