Last $30.80 USD
Change Today -0.30 / -0.96%
Volume 819.5K
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As of 8:04 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

rowan companies plc-a (RDC) Snapshot

Open
$31.09
Previous Close
$31.10
Day High
$31.21
Day Low
$30.56
52 Week High
09/17/13 - $38.65
52 Week Low
05/20/14 - $29.50
Market Cap
3.8B
Average Volume 10 Days
1.8M
EPS TTM
$2.01
Shares Outstanding
124.5M
EX-Date
05/1/14
P/E TM
15.4x
Dividend
$0.40
Dividend Yield
0.32%
Current Stock Chart for ROWAN COMPANIES PLC-A (RDC)

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rowan companies plc-a (RDC) Details

Rowan Companies plc provides offshore oil and gas contract drilling services. The company owns and operates 30 self-elevating mobile offshore jack-up drilling units and ultra-deepwater drill ships. It operates in the United Kingdom and Norwegian sectors of the North Sea, the Middle East, the United States Gulf of Mexico, Southeast Asia, West Africa, Trinidad, and Egypt. Rowan Companies plc was founded in 1923 and is based in Houston, Texas.

3,499 Employees
Last Reported Date: 03/3/14
Founded in 1923

rowan companies plc-a (RDC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $750.5K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $516.5K
Executive Vice President of Legal
Total Annual Compensation: $455.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $555.5K
Compensation as of Fiscal Year 2013.

rowan companies plc-a (RDC) Key Developments

Rowan Companies plc Wins Two-Year Drilling Contract from Freeport-McMoRan Oil & Gas LLC

Rowan Companies plc announced that one of its subsidiaries has entered into a two-year drilling contract for the Rowan Relentless, the fourth and final drillship in Rowan's current construction program. The contract is with Freeport-McMoRan Oil & Gas LLC for operations in the U.S. Gulf of Mexico. The contract is expected to commence in the third quarter of 2015 and will add approximately $425 million to Rowan's current contract backlog. The Rowan Relentless is the company's fourth ultra-deepwater drillship. All four drillships are based on a GustoMSC P10,000 hull design, capable of drilling wells to depths of 40,000 feet in water depths up to 12,000 feet. The DP-3 compliant, dynamically positioned drillship will be equipped with retractable thrusters, two readily deployable seven-ram BOP systems, five mud pumps, dual mud systems and a maximum hook-load capacity of 1,250 tons. All four of the company's ultra-deepwater drillships are now under long-term contracts.

Rowan Companies plc Reports Earnings Results for the First Quarter Ended March 31, 2014

Rowan Companies plc reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income was $59.6 million, or $0.48 per share, compared to $68.1 million, or $0.55 per share, for the same quarter ended March 31, 2013. Revenues were $377.6 million, compared to $394.2 million for the same quarter ended March 31, 2013. Income from continuing operations was $55.6 million, compared to $68.1 million for the same quarter ended March 31, 2013.

Rowan Companies plc Reports Un-Audited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter and Full Year of Fiscal 2014

Rowan Companies plc reported un-audited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company generated revenues were $377.6 against $394.2 a year ago. Income from operations was $76.6 against $90.4 a year ago. Income from continuing operations before income taxes was $55.9 against $71.4 a year ago. Net income from continuing operations was $55.6 or $0.45 per share against $68.1 or $0.55 per share a year ago. Net income was $59.6 or $0.48 per share against $68.1 or $0.55 per share a year ago. Net cash provided by operations was $80.5 against $103.2 a year ago. Property, plant and equipment additions were $532.5 million against $111.9 a year ago. Revenues down 4% from the prior-year quarter due primarily to slightly lower utilization. The current quarter reflects a settlement gain related to a rig collision during 2012 which increased net income from continuing operations by $20.9 million, or $0.17 per share. Excluding the impact of this item, net income from continuing operations for the first quarter of 2014 was $34.7 million, or $0.28 per share. Property and equipment additions were lower than the company’s planned level primarily due to timing of certain equipment deliveries in other rig projects. The company provided earnings guidance for the second quarter and full year of fiscal 2014. The company continues to estimate its full year 2014 capital expenditures to be approximately $2.1 billion with approximately $1.7 billion for 4 drillships and related cost, $269 million for life enhancement projects and jack-up fleet complete maintenance, $57 million for jack-up fleet contractual modification and $65 million for jack-up rig spares, improvement to shore basis and other items. The company continued to estimate the company’s full year 2014 effective tax rate to be in the single digits. The company continues to expect its average gross margin as a percentage of revenue to improve modestly in 2014 over the 2013 levels. The company continues to estimate the full year 2014 depreciation expense to be the range of $310 million to $320 million. The company continues to estimate the full year 2014 interest expense net of capitalized interest to be approximately $95 million to $100 million, including approximately $27 million to $28 million in the second quarter of 2014. The company expects its second quarter tax rate to be in the low-single digits. The company announced that the depreciation expense will increase in the second quarter and be in the range of $78 million to $79 million as the company’s first drillship in in-service on April 22. The company continues to estimate the interest expense net of capitalized interest to be approximately $27 million to $28 million in the second quarter of 2014.

 

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