Nexus Investment Management Has Trimmed Transcanada (TRP) Position By $354,850; Rowan Companies PLC Has 1.26 Sentiment

October 12, 2017 - By Adrian Erickson

Rowan Companies plc is a provider of offshore contract drilling services to the international gas and oil industry. The company has market cap of $1.68 billion. The Firm operates through two divisions: deepwater and jack-ups. It currently has negative earnings. The Company’s deepwater segment consists of drillship operations.

Nexus Investment Management Inc decreased Transcanada Corp (TRP) stake by 1.93% reported in 2017Q2 SEC filing. Nexus Investment Management Inc sold 7,550 shares as Transcanada Corp (TRP)’s stock declined 2.34%. The Nexus Investment Management Inc holds 383,466 shares with $18.26M value, down from 391,016 last quarter. Transcanada Corp now has $44.13B valuation. The stock rose 0.21% or $0.1 reaching $50.19. About 633,440 shares traded. TransCanada Corporation (USA) (NYSE:TRP) has risen 15.03% since October 12, 2016 and is uptrending. It has underperformed by 1.67% the S&P500.

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. TransCanada Corporation had 21 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Friday, October 23 by BMO Capital Markets. The stock of TransCanada Corporation (USA) (NYSE:TRP) has “Buy” rating given on Thursday, March 31 by Citigroup. The stock of TransCanada Corporation (USA) (NYSE:TRP) has “Outperform” rating given on Monday, July 31 by BMO Capital Markets. On Saturday, August 15 the stock rating was downgraded by TheStreet to “Buy”. The firm has “Hold” rating given on Thursday, August 6 by Zacks. Credit Suisse initiated TransCanada Corporation (USA) (NYSE:TRP) on Friday, April 8 with “Outperform” rating. The stock has “Buy” rating by Bank of America on Thursday, September 1. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Outperform”. The stock of TransCanada Corporation (USA) (NYSE:TRP) earned “Hold” rating by Zacks on Tuesday, September 1. On Tuesday, December 15 the stock rating was initiated by JP Morgan with “Overweight”.

Analysts await TransCanada Corporation (USA) (NYSE:TRP) to report earnings on November, 7. They expect $0.57 earnings per share, down 3.39% or $0.02 from last year’s $0.59 per share. TRP’s profit will be $501.18M for 22.01 P/E if the $0.57 EPS becomes a reality. After $0.56 actual earnings per share reported by TransCanada Corporation (USA) for the previous quarter, Wall Street now forecasts 1.79% EPS growth.

Analysts await Rowan Companies PLC (NYSE:RDC) to report earnings on November, 7. They expect $-0.47 EPS, down 256.67% or $0.77 from last year’s $0.3 per share. After $-0.25 actual EPS reported by Rowan Companies PLC for the previous quarter, Wall Street now forecasts 88.00% negative EPS growth.

Since January 1, 0001, it had 0 insider purchases, and 1 sale for $62,800 activity.

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 47.95% above today’s ($13.18) share price. RDC was included in 6 notes of analysts from September 23, 2016. FBR Capital maintained Rowan Companies PLC (NYSE:RDC) rating on Thursday, November 3. FBR Capital has “Outperform” rating and $16.0 target. The firm has “Neutral” rating by Credit Suisse given on Friday, September 23. RBC Capital Markets downgraded the shares of RDC in report on Friday, December 16 to “Underperform” rating. Societe Generale downgraded Rowan Companies PLC (NYSE:RDC) on Monday, October 3 to “Sell” rating. Seaport Global Securities downgraded the stock to “Neutral” rating in Friday, October 7 report. On Monday, January 30 the stock rating was downgraded by Jefferies to “Hold”.

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