Aug 5- Rowan Cos Plc reported a higher-than-expected quarterly profit as the driller retained customers by deploying new ultra-deepwater rigs and lowering prices. The company's net income jumped to $84.7 million, or 68 cents per share, in the quarter, from $32.8 million, or 26 cents per share, a year earlier. On an adjusted basis, Rowan earned 70 cents per share,...
Aug 5- Rowan Cos Plc's quarterly profit more than doubled as the driller cut costs and ensured continued demand by deploying ultra-deepwater rigs and lowering prices. The company's net income jumped to $84.7 million, or 68 cents per share, in the second quarter ended June 30, from $32.8 million, or 26 cents per share, a year earlier. In the prior-year quarter, a...
NEW YORK, May 11- The rebound in oil prices since mid-March is paying off for holders of corporate bonds of energy companies, and investors are confident that they will outperform Treasuries this year, despite lingering risks. "Treasuries are significantly overpriced in the current market while energy bonds are cheap," said Kevin Dachille, institutional...
May 6- Rowan Companies Plc's quarterly profit more-than doubled, helped by revenue from three new ultra-deepwater rigs. The company's revenue rose 45 percent to $547 million for the quarter ended March 31. Net income rose to $123.7 million, or 99 cents per share, from $59.6 million, or 48 cents per share, a year earlier.
Some of Wednesday's midday movers:
The Dow has not had a loss in a pre-election year since 1939, a statistic that suggests stocks could be up again in 2015.
Establishing a tax domicile abroad to avoid taxes is popular, but many US companies have failed to produce strong returns for investors.
Some of the names on the move ahead of the open.
The bond market is giving the stock market angst.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
The "Fast Money" traders share their final trades of the day.
Investors looking to catch a ride with companies that have high-flying earnings projections should be wary before hopping aboard.
Yellen testifies before the Senate Banking Committee Thursday and if she decides to stop using the weather as an excuse for a down economy, watch out.
These five stocks trade below tangible book value. TheStreet.com reports.
*FBR cuts Diamond Offshore Drilling Inc to market perform from. *FBR cuts Rowan Companies PLC to market perform from outperform; price. *FBR raises Hercules Offshore Inc price target to $5.25 from $4.40;.
*Global hunter raises Baker Hughes Inc price target to $49 from $42. *Global hunter raises Ensco PLC price target to $69 from $67. *Global hunter cuts Flotek Industries Inc price target to $16 from $18.
At least 20 multinationals are drawing up plans to move their regional or global headquarters to Britain over the next year after government efforts to increase the competitiveness of the UK’s business tax regime.
Oct 5- Rowan Companies PLC:. *Raymond James cuts Rowan Companies to market perform from outperform. Reuters Station users, click. 1568.
*JP Morgan cuts Rowan Companies PLC to underweight from neutral. *JP Morgan raises Rowan Companies PLC price target to $39 from $38. *JP Morgan cuts Schlumberger price target to $83 from $84; rating overweight.
Money managers say take tax losses in cyclical sectors that suffer the most in a bear market and invest the proceeds in more defensive sectors, such as health care and consumer staples.