Rowan Cos. (RDC) Tops Q4 EPS by 21c

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Go back to Rowan Cos. (RDC) Tops Q4 EPS by 21c

FBR Capital Remains Bullish as Rowan Cos. (RDC) Reports a Strong EPS Beat - PT to $25

February 29, 2016 9:21 AM EST

FBR Capital maintained an Outperform rating on Rowan Companies (NYSE: RDC), and cut the price target to $25.00 (from $30.00), following the company's 4Q earnings report. RDC reported recurring EPS of $0.95, handily beating the Streets $0.75 on slightly higher day rate realizations, and another quarter of impressive cost savings. Consistent with RDCs guidance,... More