Rowan Companies News

's stock had its "outperform" rating reaffirmed by Macquarie in a research note issued on Tuesday, Analyst Ratings Network.com reports.

's stock had its "equal weight" rating restated by analysts at Stephens in a research report issued to clients and investors on Monday, Stock Ratings Network reports.

's stock had its "outperform" rating restated by equities researchers at Clarkson Capital in a report issued on Tuesday, Analyst Ratings Network reports.

The firm currently has a $39.00 price target on the stock, up from their previous price target of $38.00. The analysts wrote, "We have been on the sidelines given operational challenges and the risk of EPS decay.

In a report published Friday, Jefferies analyst Brad Handler upgraded the rating on Rowan Companies from Hold to Buy, and slightly raised the price target from $38.00 to $39.00. In the report, Handler noted, "We have been on the sidelines given operational challenges and the risk of EPS decay.

Rowan Companies is an offshore drilling company specializing in the shallow water jack-up market.

Rowan Companies announced its earnings results on Wednesday. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.02, Stock Ratings Network.com reports.

Markets began the current trading week on an upbeat note. The S&P 500 closed at a record high following robust housing data.

The firm currently has a "neutral" rating on the stock. Rowan Companies traded down 0.62% on Tuesday, hitting $31.88. Rowan Companies has a 1-year low of $28.62 and a 1-year high of $39.40. The stock's 50-day moving average is currently $33.56. The company has a market cap of $3.961 billion and a price-to-earnings ratio of 22.02. Rowan Companies ... (more)