Squarepoint Ops LLC Has $1.08 Million Stake in Rowan Companies PLC (RDC)

Squarepoint Ops LLC lowered its position in Rowan Companies PLC (NYSE:RDC) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,346 shares of the oil and gas company’s stock after selling 111,075 shares during the quarter. Squarepoint Ops LLC owned 0.10% of Rowan Companies worth $1,077,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new stake in shares of Rowan Companies in the 4th quarter valued at about $30,000. Oregon Public Employees Retirement Fund grew its position in shares of Rowan Companies by 841.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 422,277 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 377,403 shares during the last quarter. Endurance Wealth Management Inc. grew its position in shares of Rowan Companies by 600.0% during the 4th quarter. Endurance Wealth Management Inc. now owns 7,000 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 6,000 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Rowan Companies during the 3rd quarter valued at about $218,000. Finally, United Services Automobile Association grew its position in shares of Rowan Companies by 9.0% during the 4th quarter. United Services Automobile Association now owns 29,311 shares of the oil and gas company’s stock valued at $246,000 after buying an additional 2,427 shares during the last quarter. Hedge funds and other institutional investors own 99.06% of the company’s stock.

Shares of NYSE:RDC opened at $10.93 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.87 and a quick ratio of 2.87. The company has a market capitalization of $1.39 billion, a P/E ratio of -2.94 and a beta of 2.52. Rowan Companies PLC has a 52 week low of $7.77 and a 52 week high of $20.87.

Rowan Companies (NYSE:RDC) last issued its quarterly earnings results on Wednesday, February 27th. The oil and gas company reported ($1.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.07) by ($0.04). The firm had revenue of $179.40 million during the quarter, compared to analysts’ expectations of $166.30 million. Rowan Companies had a negative net margin of 42.12% and a negative return on equity of 9.19%. The firm’s revenue was down 39.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.31) EPS. On average, research analysts expect that Rowan Companies PLC will post -3.61 earnings per share for the current year.

RDC has been the subject of several recent analyst reports. ValuEngine cut shares of Rowan Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Zacks Investment Research cut shares of Rowan Companies from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. DNB Markets upgraded shares of Rowan Companies from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Finally, Barclays set a $13.00 price objective on shares of Rowan Companies and gave the company a “sell” rating in a report on Wednesday, February 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $14.67.

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Rowan Companies Profile

Rowan Companies plc provides offshore contract drilling services to the oil and gas industry. The company operates through three segments: Deepwater, Jack-ups, and ARO. The Deepwater segment operates 4 ultra-deepwater drillships. The Jack-ups segment operates 15 self-elevating jack-up rigs. The ARO segment operates a fleet of 6 self-elevating jack-up rigs.

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Institutional Ownership by Quarter for Rowan Companies (NYSE:RDC)

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