Home Sectors Energy Stock in the Spotlight: Rowan Companies (NYSE: RDC)

Stock in the Spotlight: Rowan Companies (NYSE: RDC)

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Rowan Companies trades as part of the oil and gas drilling industry and energy sector. The company CEO is Thomas Peter Burke. Rowan Companies is an offshore drilling contractor firm. The company engages in drilling oil and gas properties on contractual basis and mainly serves the petroleum industry.

Previous Intraday Trading Performance:

The RDC stock showed a previous change of 0.00% with an open at 11.05 and a close of 10.93. It reached an intraday high of 11.22 and a low of 10.80.

SeekingAlpha:  EnscoRowan: Fleet, Financials, Stock Price Perspectives

Liquidity:

The stock has a market cap of $1.4b with 127.3m shares outstanding, of which the float is 121.2m shares. Trading volume reached 29,105,170 shares compared to its average volume of 2,755,141 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Rowan Companies shares returned -1.26% and in the past 30 trading days it returned -3.36%. Over three months, it changed 5.00%. In one year it has changed -15.07% and within that year its 52-week high was 20.87 and its 52-week low was 7.77. RDC stock is 40.67% above its 52 Week Low.

Our calculations show a 200 day moving average of 13.76 and a 50 day moving average of 11.80. Currently RDC stock is trading -20.59% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  EnscoRowan: Fleet, Financials, Stock Price Perspectives

Earnings:

The last annual fiscal EPS for the company was reported at -2.73 that ended on 31st of December 2018. Based on 6 analyst estimates, the consensus EPS for the next quarter is -1.05. The TTM EPS is -3.73.

Below was the last reported quarterly diluted earnings per share:

4thQtr of 2018 (Reported on 02/27/2019): -0.11
3rdQtr of 2018 (Reported on 10/31/2018): -1.13
2ndQtr of 2018 (Reported on 08/01/2018): -0.60
1stQtr of 2018 (Reported on 05/01/2018): -0.89
4thQtr of 2017 (Reported on 02/28/2018): 0.89

Base on our calculations, the intrinsic value per share is 18.43, which means it is possibly undervalued and has a margin of safety of 40.69%.

Indicators to Watch:

Based on the latest filings, there is 151.00% of institutional ownership. Short-interest was 9,960,558, which was 7.82% of shares outstanding. The short-interest ratio or days-to-cover ratio was 6.86. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 2.53.

SeekingAlpha:  Amazon And Industrial REITs: An Incredible Tailwind, But Future Looks Cloudy

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -6.82%, return on assets is -4.29%, profit margin is -38.65%, price-to-sales is 2.27 and price-to-book is 0.28.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 0  :Past Performance Score
 1  :Financial Strength Score
 4  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.