Rowan Companies plc (RDC) Reaches $12.19 After 8.00% Down Move; MFS High Income Municipal Trust (CXE) Sentiment Is 0.9

February 15, 2018 - By Nellie Frank

The stock of Rowan Companies plc (NYSE:RDC) is a huge mover today! The stock decreased 2.56% or $0.32 during the last trading session, reaching $12.19. About 1.34M shares traded. Rowan Companies plc (NYSE:RDC) has declined 16.50% since February 15, 2017 and is downtrending. It has underperformed by 33.20% the S&P500.The move comes after 7 months negative chart setup for the $1.54 billion company. It was reported on Feb, 15 by Barchart.com. We have $11.21 PT which if reached, will make NYSE:RDC worth $123.12M less.

The stock decreased 0.20% or $0.01 during the last trading session, reaching $4.96. About 27,980 shares traded. MFS High Income Municipal Trust (CXE) has declined 3.58% since February 15, 2017 and is downtrending. It has underperformed by 20.28% the S&P500.

Horizon Kinetics Llc holds 0.09% of its portfolio in MFS High Income Municipal Trust for 559,361 shares. Mackay Shields Llc owns 303,705 shares or 0.06% of their US portfolio. Moreover, Robinson Capital Management Llc has 0.06% invested in the company for 24,179 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.02% in the stock. Laurion Capital Management Lp, a New York-based fund reported 307,684 shares.

Among 33 analysts covering Rowan Companies Inc. (NYSE:RDC), 7 have Buy rating, 4 Sell and 22 Hold. Therefore 21% are positive. Rowan Companies Inc. had 96 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Rowan Companies plc (NYSE:RDC) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 25. The stock of Rowan Companies plc (NYSE:RDC) has “Hold” rating given on Wednesday, August 2 by Cowen & Co. The stock has “Neutral” rating by Seaport Global Securities on Friday, October 7. The stock of Rowan Companies plc (NYSE:RDC) has “Underperform” rating given on Monday, June 13 by Bank of America. The firm has “Sector Perform” rating given on Wednesday, September 14 by Howard Weil. The stock has “Neutral” rating by PiperJaffray on Thursday, January 11. The stock of Rowan Companies plc (NYSE:RDC) has “Hold” rating given on Friday, October 6 by RBC Capital Markets. The company was downgraded on Tuesday, December 22 by Credit Agricole. The rating was upgraded by Zephrin Group on Monday, September 19 to “Buy”. As per Tuesday, September 5, the company rating was maintained by Cowen & Co.

Rowan Companies plc provides offshore gas and oil contract drilling services. The company has market cap of $1.54 billion. As of February 24, 2017, it operated a fleet of 29 mobile offshore drilling units, including 25 jack-up rigs and 4 ultra-deepwater drillships. It currently has negative earnings. The firm operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts