rowan companies

According to Citi, Rowan Companies (NYSE: RDC) estimates are raised. Citi said that it has raised its EPS estimates based on new contracts in today's fleet status report. “Of note, our 2Q11 EPS has increased to $0.46 from $0.42 vs. $0.43 consensus.” Rowan Companies closed yesterday at $36.09.

Duncan Williams upgraded its rating on Rowan Companies (NYSE: RDC) to Strong Buy from Buy. At the same time, the rating agency raised its price target on the company's stock from $46.50 to $50.25. On Monday, Rowan added 0.47% to its value to end the day at $36.09.

Duncan Williams has upgraded Rowan Companies (NYSE: RDC) from Buy to Strong Buy and has raised the price target from $46.50 to $50.25.

Bank of America has upgraded Rowan Companies (NYSE: RDC) from Underperform to Neutral and has raised the price objective from $34 to $44.

Rowan Companies Inc. (NYSE: RDC) announced an agreement to sell LeTourneau manufacturing (LTI) to Joy Global (NASDAQ: JOYG) for $1.1 billion with expected deal closure possible in 2Q, Global Hunter reports. “The price seems reasonable for both sides, with RDC now having $875MM in after-tax...

Global Hunter is out with its report today on Rowan Companies (NYSE: RDC), lowering its PT from $44 to $41. In a note to clients, Global Hunter writes, "Rowan is among the drillers most likely to benefit from the incremental jackup work coming in Saudi Arabia, and we believe investors have...

Duncan Williams has upgraded Rowan Companies (NYSE: RDC) from Sell to Strong Buy and maintains its $54 price target.

According to Citi, Rowan Companies' (NYSE: RDC) estimates are lowered on Middle East impacts in fleet status. Citi reported that it has reduced its EPS estimates due to Middle East delays and downtime in the new fleet status report. “Our 2011 EPS estimate is now $0.19 below the Street ($2.27 vs. $...

Susquehanna has initiated the following companies with a Neutral rating: Diamond Offshore Drilling (NYSE: DO) Rowan Companies (NYSE: RDC)

Morgan Stanley is reiterating its Overweight rating on shares of Rowan Companies, Inc. (NYSE: RDC). “Momentum in high-end jackups, especially in the N. Sea market, is a resounding theme among the offshore drillers this week,” Morgan Stanley writes. “RDC is by far the most levered to high-end...

Jefferies, which raised its PT on shares of Rowan Companies, Inc. (NYSE: RDC), is providing some color on the stock. Jefferies is increasing is EPS for 2011-2013; 2011 goes to $2.34, 2012 goes to $3.75, and 2013 goes to $4.20. Rowan Companies closed Friday at $42.45.

Jefferies & Company has raised the price target on Rowan Companies (NYSE: RDC) from $42 to $52 and maintains its Buy rating.

J.P. Morgan is out with its report today on Rowan Companies (NYSE: RDC), increasing its price target from $36 to $43. In a note to clients, J.P. Morgan writes, "We rate RDC Overweight with a $43 Dec 2011 price target (up from $36). Rowan is currently trading at 9.8x adjusted 2012E P/E, which is...

Wells Fargo is fine-tuning its estimates on Rowan Companies, Inc. (NYSE: RDC). “Despite utilization indicated lower than we had previously estimated in Q4 2010 and Q1 2011, we think the more important item for investors is RDC's $300,000/day LOI in Norway for the high-spec harsh environment N-Class...

JP Morgan has published a research report on Offshore Drillers in the Oil Services & Equipment sector. In the report, JP Morgan writes "We believe this group will continue to underperform. After assessing the most current data on newbuilds, fixtures, the Gulf of Mexico, and dayrates, not a...