Rowan Companies PLC (RDC) investors sentiment increased to 0.95 in Q4 2017. It’s up 0.25, from 0.7 in 2017Q3. The ratio improved, as 96 hedge funds started new and increased positions, while 101 sold and reduced their holdings in Rowan Companies PLC. The hedge funds in our database reported: 127.30 million shares, down from 129.33 million shares in 2017Q3. Also, the number of hedge funds holding Rowan Companies PLC in top ten positions decreased from 3 to 2 for a decrease of 1. Sold All: 24 Reduced: 77 Increased: 57 New Position: 39.
The stock of Glu Mobile Inc. (NASDAQ:GLUU) hit a new 52-week high and has $6.06 target or 8.00% above today’s $5.61 share price. The 8 months bullish chart indicates low risk for the $783.49M company. The 1-year high was reported on May, 17 by Barchart.com. If the $6.06 price target is reached, the company will be worth $62.68M more. The stock increased 0.54% or $0.03 during the last trading session, reaching $5.61. About 138,124 shares traded. Glu Mobile Inc. (NASDAQ:GLUU) has risen 71.82% since May 17, 2017 and is uptrending. It has outperformed by 60.27% the S&P500.
Odey Asset Management Group Ltd holds 14.44% of its portfolio in Rowan Companies plc for 10.14 million shares. Blue Harbour Group L.P. owns 8.75 million shares or 4.87% of their US portfolio. Moreover, Contrarius Investment Management Ltd has 2.37% invested in the company for 3.04 million shares. The United Kingdom-based Horseman Capital Management Ltd has invested 1.67% in the stock. Energy Opportunities Capital Management Llc, a Texas-based fund reported 128,452 shares.
The stock increased 2.06% or $0.34 during the last trading session, reaching $16.87. About 415,785 shares traded. Rowan Companies plc (RDC) has declined 22.59% since May 17, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.
More notable recent Rowan Companies plc (NYSE:RDC) news were published by: Seekingalpha.com which released: “Rowan JackUps Get 4 Contracts” on April 30, 2018, also Seekingalpha.com with their article: “Rowan: Discussing April 2018 Fleet Status Report” published on April 19, 2018, Seekingalpha.com published: “Rowan Companies – Attractive Cryptic Balance Sheet” on May 07, 2018. More interesting news about Rowan Companies plc (NYSE:RDC) were released by: Seekingalpha.com and their article: “Rowan: Discussing The Q1 Earnings Report” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Rowan Signs 18-Month Contract For Jackup” with publication date: April 27, 2018.
Ratings analysis reveals 17% of Rowan Cos’s analysts are positive. Out of 6 Wall Street analysts rating Rowan Cos, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $16.0 while the high is $23.0. The stock’s average target of $19.50 is 15.59% above today’s ($16.87) share price. RDC was included in 6 notes of analysts from September 23, 2016. Jefferies downgraded Rowan Companies plc (NYSE:RDC) on Monday, January 30 to “Hold” rating. The rating was downgraded by Credit Suisse on Friday, September 23 to “Neutral”. The stock has “Sell” rating by Societe Generale on Monday, October 3. Seaport Global Securities downgraded the shares of RDC in report on Friday, October 7 to “Neutral” rating. FBR Capital maintained the shares of RDC in report on Thursday, November 3 with “Outperform” rating. The stock of Rowan Companies plc (NYSE:RDC) has “Underperform” rating given on Friday, December 16 by RBC Capital Markets.
Since January 1, 0001, it had 0 insider purchases, and 1 sale for $47,686 activity.
Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on August, 1. They expect $-0.87 earnings per share, down 248.00% or $0.62 from last year’s $-0.25 per share. After $-0.89 actual earnings per share reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts -2.25% EPS growth.
Rowan Companies plc provides offshore gas and oil contract drilling services. The company has market cap of $2.14 billion. As of February 24, 2017, it operated a fleet of 29 mobile offshore drilling units, including 25 jack-up rigs and 4 ultra-deepwater drillships. It has a 29.6 P/E ratio. The firm operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad.
Since February 21, 2018, it had 0 buys, and 4 sales for $2.40 million activity. Akhavan Chris sold $28,050 worth of Glu Mobile Inc. (NASDAQ:GLUU) on Wednesday, May 9. Another trade for 7,074 shares valued at $27,553 was sold by Lee Gordon S. $647,952 worth of stock was sold by de Masi Niccolo on Thursday, May 3.
Analysts await Glu Mobile Inc. (NASDAQ:GLUU) to report earnings on August, 7. They expect $0.01 earnings per share, up 106.67% or $0.16 from last year’s $-0.15 per share. GLUU’s profit will be $1.40M for 140.25 P/E if the $0.01 EPS becomes a reality. After $-0.04 actual earnings per share reported by Glu Mobile Inc. for the previous quarter, Wall Street now forecasts -125.00% EPS growth.
More notable recent Glu Mobile Inc. (NASDAQ:GLUU) news were published by: Seekingalpha.com which released: “Glu Mobile: Next Phase” on May 08, 2018, also Nasdaq.com with their article: “Can Glu Mobile Stock Keep Hitting New Highs?” published on May 09, 2018, Streetinsider.com published: “Glu Mobile (GLUU) PT Raised to $6.50 at Roth Capital Following Analysis” on May 16, 2018. More interesting news about Glu Mobile Inc. (NASDAQ:GLUU) were released by: Fool.com and their article: “Why Glu Mobile Inc. Stock Gained 16.2% in April” published on May 08, 2018 as well as Seekingalpha.com‘s news article titled: “Glu Mobile +1.1% as bookings hit record and prompt guidance boost” with publication date: May 01, 2018.
Glu Mobile Inc. develops, publishes, and markets a portfolio of free-to-play mobile games for the users of smartphones and tablet devices. The company has market cap of $783.49 million. The firm publishes titles in five genres, including fashion and celebrity, sports and action, food, home, and social networking. It currently has negative earnings. It creates games based on its own brands, including Contract Killer, Cooking Dash, Covet Fashion, Deer Hunter, Design Home, QuizUp, Racing Rivals, and Tap Sports Baseball.