Updates on Rowan Companies (NYSE: RDC) ratings and price targets.
JPMorgan Chase & Co. (NYSE: JPM) lowered their price target on Rowan Companies (NYSE: RDC) to $46.00.
Global Hunter Securities downgraded Rowan Companies from a “Buy” rating to an “Accumulate” rating. They have a price target $36.00 on the company, down from $42.00.
Zacks Investment Research maintains its “Neutral” rating on Rowan Companies. They have a price target of $31.00 on the company.
Barclays Capital (NYSE: BCS) lowered its price target on Rowan Companies from $49.00 to $47.00. They have an “Overweight” rating on the company.
Showing posts with label Rowan Companies. Show all posts
Showing posts with label Rowan Companies. Show all posts
Tuesday, January 3, 2012
Thursday, August 4, 2011
Fiserv (FISV) (RKT) (RDC) (BGFV) (GGP) (CHH) Upgraded
Fiserv, Inc. (NASDAQ: FISV), Rock-Tenn Company (NYSE: RKT), Rowan Companies, Inc. (NYSE: RDC), Big 5 Sporting Goods (NASDAQ: BGFV), General Growth Properties, Inc. (NYSE: GGP) and Choice Hotels (NYSE: CHH) upgraded by analysts.
Rock-Tenn Company (RKT) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
Rowan Companies, Inc. (RDC) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $46.00 on the company.
Fiserv, Inc. (FISV) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $70.00 on the company, up from $68.00.
Big 5 Sporting Goods (BGFV) was upgraded by Feltl & Co. from a “Hold” rating to a “Buy” rating. They have a price target of $10.00 on the company, down from $12.00.
General Growth Properties, Inc. (GGP) was upgraded by Keefe, Bruyette & Woods, Inc from an “Underperform” rating to a “Market Perform” rating.
Choice Hotels (CHH) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $30.00 on the company.
Rock-Tenn Company (RKT) was upgraded by Deutsche Bank (NYSE:DB) from a “Hold” rating to a “Buy” rating.
Rowan Companies, Inc. (RDC) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $46.00 on the company.
Fiserv, Inc. (FISV) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $70.00 on the company, up from $68.00.
Big 5 Sporting Goods (BGFV) was upgraded by Feltl & Co. from a “Hold” rating to a “Buy” rating. They have a price target of $10.00 on the company, down from $12.00.
General Growth Properties, Inc. (GGP) was upgraded by Keefe, Bruyette & Woods, Inc from an “Underperform” rating to a “Market Perform” rating.
Choice Hotels (CHH) was upgraded by Credit Suisse (NYSE:CS) from an “Underperform” rating to a “Neutral” rating. They have a price target of $30.00 on the company.
Franklin (BEN) (OIS) (REXX) (SFSF) (RDC) (AMED) Price Targets Changed
Franklin Resources, Inc. (NYSE: BEN), Oil States International, Inc. (NYSE: OIS), Rex Energy (NASDAQ: REXX), SuccessFactors, Inc. (NASDAQ: SFSF), Rowan Companies, Inc. (NYSE: RDC) and Amedisys, Inc. (NASDAQ: AMED) price targets adjusted by analysts.
Franklin Resources, Inc. (BEN) had its price target raised by Barclays Capital to $166.00. They have an “Overweight” rating on the company.
Oil States International, Inc. (OIS) had its price target raised by Global Hunter Securities from $97.00 to $109.00. They have a “Buy” rating on the company.
Rex Energy (REXX) had its price target raised by Rodman & Renshaw from $16.00 to $20.00. They have an “Outperform” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target slashed by BMO Capital Markets from $43.00 to $35.00. They have an “Outperform” rating on the company.
Rowan Companies, Inc. (RDC) had its price target raised by Barclays Capital to $49.00. They have an “Overweight” rating on the company.
Amedisys, Inc. (AMED) had its price target lowered by FBR Capital from $35.00 to $22.00. They have a “Market Perform” rating on the company.
Franklin Resources, Inc. (BEN) had its price target raised by Barclays Capital to $166.00. They have an “Overweight” rating on the company.
Oil States International, Inc. (OIS) had its price target raised by Global Hunter Securities from $97.00 to $109.00. They have a “Buy” rating on the company.
Rex Energy (REXX) had its price target raised by Rodman & Renshaw from $16.00 to $20.00. They have an “Outperform” rating on the company.
SuccessFactors, Inc. (SFSF) had its price target slashed by BMO Capital Markets from $43.00 to $35.00. They have an “Outperform” rating on the company.
Rowan Companies, Inc. (RDC) had its price target raised by Barclays Capital to $49.00. They have an “Overweight” rating on the company.
Amedisys, Inc. (AMED) had its price target lowered by FBR Capital from $35.00 to $22.00. They have a “Market Perform” rating on the company.
Monday, May 9, 2011
Price Targets on (MHK) (PTRY) (QCOM) (RDC) (ETP) Updated
Analysts updated their price targets on Mohawk Industries, Inc. (NYSE: MHK), Pantry (NASDAQ: PTRY), QUALCOMM, Inc. (NASDAQ: QCOM), Rowan Companies, Inc. (NYSE: RDC) and Energy Transfer (NYSE: ETP) today.
Jefferies (NYSE:JEF) raised their price target on Mohawk Industries, Inc. (MHK) from $66.00 to $78.00.
RBC Capital cut their price target on Pantry (PTRY) from $22.00 to $20.00. They have a “sector perform” rating on the company.
BMO Capital Markets raised their price target on QUALCOMM, Inc. (QCOM) to $61.00. They have a “market perform” rating on the company.
Global Hunter Securities cut their price target on Rowan Companies, Inc. (RDC) from $44.00 to $41.00.
Wunderlich cut their price target on Energy Transfer (ETP) from $60.00 to $56.00. They have a “buy” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Mohawk Industries, Inc. (MHK) from $66.00 to $78.00.
RBC Capital cut their price target on Pantry (PTRY) from $22.00 to $20.00. They have a “sector perform” rating on the company.
BMO Capital Markets raised their price target on QUALCOMM, Inc. (QCOM) to $61.00. They have a “market perform” rating on the company.
Global Hunter Securities cut their price target on Rowan Companies, Inc. (RDC) from $44.00 to $41.00.
Wunderlich cut their price target on Energy Transfer (ETP) from $60.00 to $56.00. They have a “buy” rating on the company.
Friday, May 6, 2011
Price Targets on (OKS) (PCG) (RDC) (RJET) (SAM) Updated
Oneok Partners LP (NYSE: OKS), PG&E Co. (NYSE: PCG), Rowan Companies, Inc. (NYSE: RDC), Republic Airways Holdings Inc. (NASDAQ: RJET) and The Boston Beer Company, Inc. (NYSE: SAM) had price targets updated on them.
Barclays Capital raised their price target on Oneok Partners LP (OKS) from $86.00 to $90.00. They have an “overweight” rating on the company.
Barclays Capital cut their price target on PG&E Co. (PCG) from $53.00 to $48.00. They now have an “equal weight” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on Rowan Companies, Inc. ( RDC) from $46.00 to $51.00. They have a “buy” rating on the company.
Deutsche Bank cut their price target on Republic Airways Holdings Inc. (RJET) from $13.00 to $8.00. They have a “buy” rating on the company.
Deutsche Bank cut their price target on The Boston Beer Company, Inc. (SAM) from $88.00 to $85.00. They have a “hold” rating on the company.
Barclays Capital raised their price target on Oneok Partners LP (OKS) from $86.00 to $90.00. They have an “overweight” rating on the company.
Barclays Capital cut their price target on PG&E Co. (PCG) from $53.00 to $48.00. They now have an “equal weight” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on Rowan Companies, Inc. ( RDC) from $46.00 to $51.00. They have a “buy” rating on the company.
Deutsche Bank cut their price target on Republic Airways Holdings Inc. (RJET) from $13.00 to $8.00. They have a “buy” rating on the company.
Deutsche Bank cut their price target on The Boston Beer Company, Inc. (SAM) from $88.00 to $85.00. They have a “hold” rating on the company.
Wednesday, May 4, 2011
Ratings on (VCLK) (MDF) (PKY) (RDC) Upgraded by Analysts
Analysts upgraded ratings on ValueClick Inc (NASDAQ: VCLK), Metropolitan Health Networks, Inc. (NYSE: MDF), Parkway Properties (NYSE: PKY) and Rowan Companies, Inc. (NYSE: RDC) today.
Needham & Company upgraded ValueClick Inc (VCLK) from a “hold” rating to a “buy” rating. They have a price target of $25.00 on the company.
Feltl & Co. upgraded Metropolitan Health Networks, Inc. (MDF) from a “hold” rating to a “buy” rating. They have a $5.45 price target on the company, up from $5.15.
Wells Fargo & Co. (NYSE:WFC) upgraded Parkway Properties (PKY) from an “underperform” rating to a “market perform” rating.
Duncan Williams upgraded Rowan Companies, Inc. (RDC) from a “sell” rating to a “strong buy” rating. They have a price target of $54.00 on the company.
Needham & Company upgraded ValueClick Inc (VCLK) from a “hold” rating to a “buy” rating. They have a price target of $25.00 on the company.
Feltl & Co. upgraded Metropolitan Health Networks, Inc. (MDF) from a “hold” rating to a “buy” rating. They have a $5.45 price target on the company, up from $5.15.
Wells Fargo & Co. (NYSE:WFC) upgraded Parkway Properties (PKY) from an “underperform” rating to a “market perform” rating.
Duncan Williams upgraded Rowan Companies, Inc. (RDC) from a “sell” rating to a “strong buy” rating. They have a price target of $54.00 on the company.
Thursday, January 27, 2011
Hercules (Nasdaq:HERO), Seahawk (Nasdaq:HAWK), ENSCO (NYSE:ESV), Rowan (NYSE:RDC), Noble (NYSE:NE) EPS All Lowered
Hercules (Nasdaq:HERO), Seahawk (Nasdaq:HAWK), ENSCO (NYSE:ESV), Rowan (NYSE:RDC) and Noble (NYSE:NE) all have a "Neutral" rating on them from, Global Hunter Securities, which also lowered the EPS estimates on all five of the companies.
Global says, "The supply/demand balance in the US Gulf jackup market may have come into question last week with the influx of five Noble Corp (NE) jackups for temporary stacking for cost savings purposes. We understand these rigs to be awaiting opportunity back in Mexico and are not immediately part of the marketed supply. However, we are reluctant to accept that all five rigs will return to Mexico under contract with PEMEX near-term, particularly given the NOC's desire to high-grade its rig fleet (despite the slowness of that process). While the potential to add rigs to the US market had existed with the notion of PEMEX upgrading its jackup fleet, we assumed PEMEX's tardiness to act suggests the US Gulf permitting process could be closer to normalization and rig demand potentially improving, similar to pre-Macondo levels..."
For Hercules Offshore (HERO) FY12 EPS lowered from -$0.34 to -$0.42 and PT cut from $3.40 to $3.10.
For Seahawk Drilling (HAWK) FY11 EPS lowered from -$3.81 to -$3.90 and FY12 from -$3.31 to -$4.25. PT lowered from $10 to $8.50.
For ENSCO International (ESV) FY11 EPS lowered from $4.39 to $3.97 and FY12 from $5.49 to $5.43. PT increased from $47 to $55.
For Rowan (RDC) FY11 EPS lowered from $2.30 to $2.20 and FY12 from $3.69 to $3.62. PT increased from $32 to $36.
For Noble (NE) FY11 EPS lowered from $3.25 to $2.07 and FY12 from $4.95 to $4.33. PT increased from $37 to $40.
"Our price targets fluctuate as a result of our estimate changes, but are higher for ESV, RDC and NE as we roll into 2012 estimates for our valuation (more detail in company-specific section below). We have a Neutral outlook for the group, and we are maintaining our Neutral ratings on each of the five stocks mentioned in this report."
Global says, "The supply/demand balance in the US Gulf jackup market may have come into question last week with the influx of five Noble Corp (NE) jackups for temporary stacking for cost savings purposes. We understand these rigs to be awaiting opportunity back in Mexico and are not immediately part of the marketed supply. However, we are reluctant to accept that all five rigs will return to Mexico under contract with PEMEX near-term, particularly given the NOC's desire to high-grade its rig fleet (despite the slowness of that process). While the potential to add rigs to the US market had existed with the notion of PEMEX upgrading its jackup fleet, we assumed PEMEX's tardiness to act suggests the US Gulf permitting process could be closer to normalization and rig demand potentially improving, similar to pre-Macondo levels..."
For Hercules Offshore (HERO) FY12 EPS lowered from -$0.34 to -$0.42 and PT cut from $3.40 to $3.10.
For Seahawk Drilling (HAWK) FY11 EPS lowered from -$3.81 to -$3.90 and FY12 from -$3.31 to -$4.25. PT lowered from $10 to $8.50.
For ENSCO International (ESV) FY11 EPS lowered from $4.39 to $3.97 and FY12 from $5.49 to $5.43. PT increased from $47 to $55.
For Rowan (RDC) FY11 EPS lowered from $2.30 to $2.20 and FY12 from $3.69 to $3.62. PT increased from $32 to $36.
For Noble (NE) FY11 EPS lowered from $3.25 to $2.07 and FY12 from $4.95 to $4.33. PT increased from $37 to $40.
"Our price targets fluctuate as a result of our estimate changes, but are higher for ESV, RDC and NE as we roll into 2012 estimates for our valuation (more detail in company-specific section below). We have a Neutral outlook for the group, and we are maintaining our Neutral ratings on each of the five stocks mentioned in this report."
Tuesday, January 25, 2011
Rowan Companies (NYSE:RDC) a Catalyst-Rich Stock Says Barclays
The recent announcement by Rowan Companies (NYSE:RDC) of an LOI for the Rowan Stavanger, is another example of the numerous catalyst the company will enjoy going forward.
Barclays says, "We believe the announcement of an LOI for the Rowan Stavanger should alleviate some of the market concerns over the N-Class rigs as all three rigs are now committed. We expect the LOIs to become firm contracts in the near-term. In our view, Rowan remains a catalyst-rich stock that is a pure-play on the high-spec jackup market, one of the most attractive asset classes in offshore drilling currently. Upcoming Saudi Aramco awards and the monetization of non-core assets are looming catalysts for RDC.
"We are adjusting our 4Q10 EPS estimate to $0.28 (from $0.23) and 2011 EPS estimate to $1.90 (from $2.15) to reflect for incremental downtime and new contracts. Our 2012 EPS estimate remains $3.40."
Barclays reiterates an "Overweight" rating on Rowan Companies (RDC), which closed Monday at $33.10, down $0.39, or 1.16 percent. Barclays has a price target on them of $$40.
Barclays says, "We believe the announcement of an LOI for the Rowan Stavanger should alleviate some of the market concerns over the N-Class rigs as all three rigs are now committed. We expect the LOIs to become firm contracts in the near-term. In our view, Rowan remains a catalyst-rich stock that is a pure-play on the high-spec jackup market, one of the most attractive asset classes in offshore drilling currently. Upcoming Saudi Aramco awards and the monetization of non-core assets are looming catalysts for RDC.
"We are adjusting our 4Q10 EPS estimate to $0.28 (from $0.23) and 2011 EPS estimate to $1.90 (from $2.15) to reflect for incremental downtime and new contracts. Our 2012 EPS estimate remains $3.40."
Barclays reiterates an "Overweight" rating on Rowan Companies (RDC), which closed Monday at $33.10, down $0.39, or 1.16 percent. Barclays has a price target on them of $$40.
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