Rowan Cos. (RDC) Tops Q1 EPS by 27c

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Go back to Rowan Cos. (RDC) Tops Q1 EPS by 27c

Rowan Cos. (RDC) PT Jumps To $21 From $16 At Jefferies

May 5, 2016 8:30 AM EDT

Jefferies analyst, Eduardo Royes, raised Rowan Companies (NYSE: RDC) 2016E/2017E EPS to $2.95/$0.50 from $2.10/$0.35 mostly on lower opex (+$0.47/share average impact). Revenues are higher reflecting the previously disclosed Saudi rate agreements and the net favorable April fleet update while lower taxes also benefit... More