Rowan Companies plc (RDC) Insider Trading: BUTZ STEPHEN M sold 6199 Shares

Mae Love
January 13, 2018

Zacks Investment Research cut Rowan Companies from a "buy" rating to a "hold" rating in a report on Friday, October 27th. started coverage on Rowan Companies in a report on Thursday, October 19th. While it's Return on Investment (ROI) value is 6.2%. The stock decreased 0.36% or $0.1348 during the last trading session, reaching $37.6152. It is down 0.00% since January 11, 2017 and is. It has underperformed by 16.70% the S&P500. 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. Wells Fargo & Company MN lifted its holdings in shares of Rowan Companies by 160.5% in the 3rd quarter. The oil and gas company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.42) by $0.26. The company has market cap of $574.14 million. Of those insider trades, 0 shares of Rowan Companies plc were purchased and 6,199 shares were sold. About 2.02M shares traded. It has underperformed by 33.20% the S&P500.The move comes after 5 months positive chart setup for the $2.19B company. Nomura Inc accumulated 12,345 shares.

Among 29 analysts covering AT&T Inc. At present, 5 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. Therefore 34% are positive.

Analysts await Care.com, Inc. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with "Sector Perform". Moffet Nathanson downgraded AT&T Inc. The stock has "Neutral" rating by Citigroup on Monday, May 16. While this bid was not accepted by company, post negotiations, both firms agreed to the revised rate. The firm has "Buy" rating given on Thursday, April 7 by Jefferies. The stock is a Buy among 2 brokerage firms polled by Factset Research. Independent Research upgraded it to "Hold" rating and $39 target in Tuesday, October 25 report. The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, January 26.

Investors sentiment decreased to 0.7 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2.

Rowan Companies plc (RDC) Insider Trading: BUTZ STEPHEN M sold 6199 Shares

Principal Financial Group Inc increased Huntsman Corp (NYSE:HUN) stake by 983,408 shares to 5.79M valued at $158.83 million in 2017Q3. 164 funds opened positions while 273 raised stakes. Mason Street Advisors Ltd Llc invested in 0.02% or 56,392 shares. Vanguard Group Incorporated Inc has invested 0.01% in Rowan Companies plc (NYSE:RDC). York Capital Mgmt Global Limited Liability Company holds 74,510 shares. 618,769 were reported by Bokf Na. Montecito Retail Bank And Tru accumulated 15,033 shares or 0.2% of the stock. Lowe Brockenbrough Com Inc has invested 0.39% in AT&T Inc. Connor Clark And Lunn Investment Mgmt Limited accumulated 0.02% or 222,347 shares. Mycio Wealth Partners Limited Co holds 0.07% or 15,162 shares. Next Fincl Grp Inc owns 19,900 shares or 0.52% of their United States portfolio. About 36,185 shares traded. It also reduced its holding in Teradyne Inc.

Investors sentiment decreased to 0.7 in Q3 2017. Its down 0.56, from 1.26 in 2017Q2. It worsened, as 29 investors sold RDC shares while 87 reduced holdings.

A number of hedge funds and other institutional investors have recently made changes to their positions in RDC. 129.33 million shares or 3.45% less from 133.95 million shares in 2017Q2 were reported. Great West Life Assurance Com Can holds 0% or 70,124 shares. Another trade for 2,856 shares valued at $265,554 was sold by FergusonMchugh MaryLynn. Marathon Capital Management, a Maryland-based fund reported 259,485 shares. However, the institutional investors are observed to own 89.90% of the total shares. Oregon Employees Retirement Fund holds 42,287 shares or 0.01% of its portfolio.

Rowan Companies (NYSE:RDC) last issued its quarterly earnings data on Wednesday, November 1st. The mean target price as estimated by the analysts for the company has been recorded at $15.28. Teachers Retirement System Of The State Of Kentucky reported 24,880 shares. Lourd Cap Ltd Liability Company holds 0.14% of its portfolio in The Procter & Gamble Company (NYSE:PG) for 17,251 shares. The original version of this report can be viewed at https://www.truebluetribune.com/2018/01/11/piper-jaffray-companies-lowers-rowan-companies-rdc-to-hold.html. ONEOK had 61 analyst reports since August 11, 2015 according to SRatingsIntel. (NYSE:RDC), 8 have Buy rating, 3 Sell and 20 Hold. Rowan Companies Inc. had 91 analyst reports since July 22, 2015 according to SRatingsIntel. 7 of them rate its stock a hold. The stock of Rowan Companies plc (NYSE:RDC) earned "Underperform" rating by Bank of America on Monday, June 13. The firm has "Hold" rating by Cowen & Co given on Thursday, September 7. Barclays Capital maintained it with "Equalweight" rating and $12 target in Monday, March 28 report. BMO Capital Markets maintained the stock with "Hold" rating in Wednesday, June 21 report.

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