Municipal Employees Retirement System from Michigan has $ 434,000 Holdings in Rowan Companies PLC (RDC)



Municipal employees The Michigan pension system reduced its holdings in Rowan Companies PLC (NYSE: RDC) by 22.1% in the second quarter, according to the most recent Form 13F application to the Securities & Exchange Commission. The institutional investor held 26,760 shares of the oil and gas business after the sale of 7,600 shares during the period. Municipal staff The retirement system of Michigan's holdings in Rowan companies was worth $ 434,000 from the most recent SEC application.

Other institutional investors and hedge funds have increased or decreased their stake in the company. Alambic Investment Management L.P. bought in the first quarter a new participation in shares of Rowan Companies worth $ 255,000. Schwab Charles Investment Management Inc. increased its position in Rowan Companies in the first quarter by 8.4%. Schwab Charles Investment Management Inc. now holds 1,247,891 shares of the oil and gas company with a value of $ 14,401,000 after buying 96,451 additional shares in the last quarter. Prudential Financial Inc. increased its position in Rowan Companies by 323.9% during the first quarter. Prudential Financial Inc. now holds 328,353 shares of the oil and gas company with a value of $ 3,789,000 after buying 250 additional shares in the last quarter. JPMorgan Chase & Co. increased its position in Rowan Companies in the first quarter by 5.7%. JP Morgan Chase & Co. now owns 2,764,044 shares of the oil and gas company in value of $ 31,897,000 after buying 148,861 additional shares during the last quarter. Finally, South Dakota Investment Council increased its position in Rowan Companies by 13.3% during the first quarter. South Dakota Investment Council now owns 212,800 shares of the oil and gas company in shares worth $ 2,456,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors hold 97.84% of the company's shares.

In other Rowan Companies news, VP Richard Jason Anderson sold 6000 Rowan Companies shares in a transaction on Wednesday, June 20. The shares were sold at an average price of $ 14.67 for a total transaction of $ 88,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this link. 1.60% of the shares are currently held by insiders.

Several equity analysts have commented on the shares. Societe Generale raised shares of Rowan Companies from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; rating in a research report on Thursday, August 2. ValuEngine raised Rowan Companies in a research report on Friday, June 22 from a "buy" rating to a "strong-buy" rating. Tudor Pickering raised Rowan Companies from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; rating in a research report on Thursday, July 12. BMO Capital Markets set a target price of $ 15.00 on Rowan Companies and gave the company a & # 39; hold & # 39; credit rating in a research report on Wednesday, July 11th. Finally, Wells Fargo & Co upgraded Rowan Companies' stock from a "market performance" rating to an "outperform" rating in a study letter on Thursday, May 24. One equity research analyst assessed the shares with a sell rating, eleven have a hold rating, eight have a buy rating and one has a strong buy-rating assigned to the company's shares. The company currently has a consensus score of "Hold" and a consensus rate of $ 15.05.

Shares of shares of Rowan Companies were traded $ 0.10 during the afternoon trade on Friday and reached $ 14.04. The company had a trading volume of 1,306,006 shares, compared with the average volume of 2,472,064. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.09 and a quick ratio of 6.09. The company has a market capitalization of $ 1.81 billion, a P / E ratio of -21.94 and a beta of 1.79. Rowan Companies PLC has a 1-year low of $ 9.36 and a 1-year high of $ 17.33.

Rowan Companies (NYSE: RDC) last released its earnings results on Wednesday, August 1. The oil and gas company reported ($ 0.60) earnings per share for the quarter, with consensus analysts' estimates above ($ 0.93) dropping by $ 0.33. Rowan Companies had a negative net margin of 9.41% and a negative return on equity of 4.70%. The company had sales of $ 241.30 million during the quarter compared with analyst estimates of $ 207.71 million. During the same quarter of the previous year, the company earned ($ 0.25) EPS. The quarterly turnover of the company fell by 24.6% compared to the same quarter last year. sell-side analysts expect Rowan Companies PLC to come out after -3.52 EPS for the current year.

Rowan Company Profile

Rowan Companies plc offers offshore services for oil and gas to the oil and gas industry. The company operates via Deepwater, Jack-up and ARO segments. The Deepwater segment operates 4 ultra-deep water drilling vessels. The jack-ups segment operates 23 self-lifting jack-up platforms. The ARO segment has 5 self-lifting lifting platforms.

Read more: How can I invest in Dividend shares

Institutional property per quarter for Rowan companies (NYSE: RDC)

Receive daily news and ratings for Rowan Companies – Enter your email address below to receive a concise, daily summary of the latest news and analyst reviews for Rowan companies and related companies with the FREE daily email newsletter from MarketBeat.com.


Source link

Municipal Employees Retirement System from Michigan has $ 434,000 Holdings in Rowan Companies PLC (RDC)



Municipal employees The Michigan pension system reduced its holdings in Rowan Companies PLC (NYSE: RDC) by 22.1% in the second quarter, according to the most recent Form 13F application to the Securities & Exchange Commission. The institutional investor held 26,760 shares of the oil and gas business after the sale of 7,600 shares during the period. Municipal staff The retirement system of Michigan's holdings in Rowan companies was worth $ 434,000 from the most recent SEC application.

Other institutional investors and hedge funds have increased or decreased their stake in the company. Alambic Investment Management L.P. bought in the first quarter a new participation in shares of Rowan Companies worth $ 255,000. Schwab Charles Investment Management Inc. increased its position in Rowan Companies in the first quarter by 8.4%. Schwab Charles Investment Management Inc. now holds 1,247,891 shares of the oil and gas company with a value of $ 14,401,000 after buying 96,451 additional shares in the last quarter. Prudential Financial Inc. increased its position in Rowan Companies by 323.9% during the first quarter. Prudential Financial Inc. now holds 328,353 shares of the oil and gas company with a value of $ 3,789,000 after buying 250 additional shares in the last quarter. JPMorgan Chase & Co. increased its position in Rowan Companies in the first quarter by 5.7%. JP Morgan Chase & Co. now owns 2,764,044 shares of the oil and gas company in value of $ 31,897,000 after buying 148,861 additional shares during the last quarter. Finally, South Dakota Investment Council increased its position in Rowan Companies by 13.3% during the first quarter. South Dakota Investment Council now owns 212,800 shares of the oil and gas company in shares worth $ 2,456,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors hold 97.84% of the company's shares.

In other Rowan Companies news, VP Richard Jason Anderson sold 6000 Rowan Companies shares in a transaction on Wednesday, June 20. The shares were sold at an average price of $ 14.67 for a total transaction of $ 88,020.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible via this link. 1.60% of the shares are currently held by insiders.

Several equity analysts have commented on the shares. Societe Generale raised shares of Rowan Companies from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; rating in a research report on Thursday, August 2. ValuEngine raised Rowan Companies in a research report on Friday, June 22 from a "buy" rating to a "strong-buy" rating. Tudor Pickering raised Rowan Companies from a & # 39; hold & # 39; credit to a & # 39; buy & # 39; rating in a research report on Thursday, July 12. BMO Capital Markets set a target price of $ 15.00 on Rowan Companies and gave the company a & # 39; hold & # 39; credit rating in a research report on Wednesday, July 11th. Finally, Wells Fargo & Co upgraded Rowan Companies' stock from a "market performance" rating to an "outperform" rating in a study letter on Thursday, May 24. One equity research analyst assessed the shares with a sell rating, eleven have a hold rating, eight have a buy rating and one has a strong buy-rating assigned to the company's shares. The company currently has a consensus score of "Hold" and a consensus rate of $ 15.05.

Shares of shares of Rowan Companies were traded $ 0.10 during the afternoon trade on Friday and reached $ 14.04. The company had a trading volume of 1,306,006 shares, compared with the average volume of 2,472,064. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.09 and a quick ratio of 6.09. The company has a market capitalization of $ 1.81 billion, a P / E ratio of -21.94 and a beta of 1.79. Rowan Companies PLC has a 1-year low of $ 9.36 and a 1-year high of $ 17.33.

Rowan Companies (NYSE: RDC) last released its earnings results on Wednesday, August 1. The oil and gas company reported ($ 0.60) earnings per share for the quarter, with consensus analysts' estimates above ($ 0.93) dropping by $ 0.33. Rowan Companies had a negative net margin of 9.41% and a negative return on equity of 4.70%. The company had sales of $ 241.30 million during the quarter compared with analyst estimates of $ 207.71 million. During the same quarter of the previous year, the company earned ($ 0.25) EPS. The quarterly turnover of the company fell by 24.6% compared to the same quarter last year. sell-side analysts expect Rowan Companies PLC to come out after -3.52 EPS for the current year.

Rowan Company Profile

Rowan Companies plc offers offshore services for oil and gas to the oil and gas industry. The company operates via Deepwater, Jack-up and ARO segments. The Deepwater segment operates 4 ultra-deep water drilling vessels. The jack-ups segment operates 23 self-lifting jack-up platforms. The ARO segment has 5 self-lifting lifting platforms.

Read more: How can I invest in Dividend shares

Institutional property per quarter for Rowan companies (NYSE: RDC)

Receive daily news and ratings for Rowan Companies – Enter your email address below to receive a concise, daily summary of the latest news and analyst reviews for Rowan companies and related companies with the FREE daily email newsletter from MarketBeat.com.


Source link

Leave a Reply