Economy

Rowan Companies plc (RDC) stock moves -13.64% down in last quarter

Rowan Companies plc (RDC) stock moves -13.64% down in last quarter

The stock decreased 0.12% or $0.16 during the last trading session, reaching $130.99. The NASDAQ-listed company saw a recent bid of $16.29 on volume of 4.57 million shares. Validus Holdings, Ltd. (NYSE:VR) has risen 10.50% since February 7, 2017 and is uptrending.

QEP Resources, Inc. (NYSE:QEP) closed down -0.56 points or -6.64% at $7.87 with 10.15 mln shares exchanging hands. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value.

There are 253 institutional holders with active positions, accounting for 130.52 million shares in total. The company's beta value stood at 1.72. The stock increased 0.42% or $0.67 during the last trading session, reaching $160.21. About 1.05M shares traded.

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on February, 23. It has underperformed by 33.20% the S&P500. After this sale, 33,975 common shares of RDC are directly owned by the insider, with total stake valued at $434,540. Schlumberger (NYSE:SLB) was raised too. Lsv Asset Mngmt reported 2.45M shares. Daiss Ann P sold $261,400 worth of The Southern Company (NYSE:SO) on Friday, October 20. The stock witnessed -22.3% declines, -13.64% declines and 25.64% gains for the 1-month, 3-month and 6-month period, respectively.

Among 30 analysts covering Norfolk Southern Corp. Robert W. Baird maintained the shares of DNOW in report on Friday, September 8 with "Buy" rating. Validus Holdings had 19 analyst reports since July 21, 2015 according to SRatingsIntel. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company's stock. TheStreet cut shares of Rowan Companies PLC from a "c" rating to a "d" rating in a research report on Wednesday, August 2nd. The rating was maintained by RBC Capital Markets with "Outperform" on Wednesday, July 27. Barclays Capital maintained the stock with "Equal-Weight" rating in Monday, April 11 report. The firm earned "Hold" rating on Thursday, August 24 by RBC Capital Markets. The rating was maintained by Bank of America on Monday, June 13 with "Underperform". The rating was downgraded by Wells Fargo to "Market Perform" on Monday, October 16. As per Thursday, August 17, the company rating was maintained by Keefe Bruyette & Woods.

More news: Stocks Under Street Preference- Sysco Corporation (NYSE:SYY)

Investors sentiment decreased to 0.7 in 2017 Q3. Its down 0.02, from 0.92 in 2017Q2.

Several other institutional investors have also sold shares of the company. 76 funds opened positions while 330 raised stakes. Keefe Bruyette & Woods downgraded the shares of VR in report on Monday, January 22 to "Hold" rating. Oslo Asset Mngmt As owns 100,000 shares or 0.53% of their U.S. portfolio. Pacific Glob Communications holds 3,090 shares.

Want to see what other hedge funds are holding RDC? Commonwealth Of Pennsylvania Pub School Empls Retrmt invested in 0.05% or 23,437 shares. The insider now directly owns 116,131 shares worth $1,485,315. Point72 Asia (Hong Kong) Ltd, a Hong Kong-based fund reported 3,706 shares. 3,997 were accumulated by Dodge Cox. First Quadrant L P Ca accumulated 1,805 shares. Jpmorgan Chase And Com holds 0.01% or 2.57M shares in its portfolio. (NASDAQ:AAPL) for 113,036 shares. Sterling Cap Ltd Liability reported 90,045 shares stake. 70,703 are owned by Eagle Ridge Investment Management. Boston Private Wealth Ltd Co holds 38,447 shares or 0.07% of its portfolio. Hotchkis And Wiley Capital Mngmt Limited Liability holds 858,363 shares. Liberty Mutual Asset Management Incorporated stated it has 32,984 shares. The company has market cap of $1.75 billion. RENDUCHINTALA VENKATA S M sold $51,834 worth of stock or 1,424 shares. Sprott Physical Gold Trust (PHYS) was reduced too. Wedbush Securities Inc. acquired a new position in Rowan Companies during the third quarter valued at $135,000. The analyst recommendations from a month ago are 12 Buy, 2 Overweight, 1 Sell, 8 Hold and 0 Underweight. Therefore 21% are positive. Of the analysts surveyed by Reuters that track Applied Optoelectronics, Inc. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/09/barclays-downgrades-rowan-companies-rdc-to-underweight.html. The firm has "Buy" rating by Roth Capital given on Friday, January 15. Sei Co stated it has 0% in Rowan Companies plc (NYSE:RDC). As per Friday, July 14, the company rating was maintained by Stifel Nicolaus. The firm has "Neutral" rating by Piper Jaffray given on Thursday, September 3. The firm earned "Sell" rating on Wednesday, June 21 by Seaport Global. Cowen & Co maintained Rowan Companies plc (NYSE:RDC) rating on Tuesday, September 5. The stock of Union Pacific Corporation (NYSE:UNP) has "Buy" rating given on Tuesday, October 31 by Argus Research.

Rowan Companies (NYSE:RDC) as of current trade, has shown weekly performance of -15.35% which was maintained at -22.3% in one month period.


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