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Rowan Companies PLC (NYSE:RDC) Names Jack Moore To Board

Rowan Companies PLC (NYSE:RDC) nominated Jack B. Moore for election to the Rowan Companies Board of Directors at the shareholders’ annual general meeting. Mr. Moore stepped down in October 2015 as Chief Executive Officer from Cameron International Corporation (NYSE:CAM). He had served as CEO from 2008. He was also Chairman of the Board of Cameron since 2011.

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Rowan’s Chairman Matt Ralls said that the company has happy to nominate Moore. He added that Rowan Companies believed that his qualifications and experience in the oilfield services industry will make him a significant contributor to the Rowan Board of Directors.

Mr. Moore is also on the Board of the American Petroleum Institute, the National Ocean Industries Association, the Petroleum Equipment Suppliers Association and the Board of Directors of KBR, Inc. (NYSE:KBR). He also occupies senior positions in charitable non-profit organizations such as the CT Bauer College of the Business Advisory Board, The University of Houston Board of Visitors and the United Way of Greater Houston. Moore holds a Bachelor of Business Administration degree from the University of Houston. He has also participated in the Advanced Management Program at Harvard Business School.

Rowan Companies intends to report earnings for the fourth quarter of 2015 on February 26, 2016 prior to the opening of trading on the New York Stock Exchange.

Analysts are forecasting that Rowan Companies will report earnings per share of $0.745 today, which $0.15 lower than last year. Investors will be closely watching how the actual figures compare with the projections. A big surprise factor in either direction can result in a big swing in the stock price in the days subsequent to the report.

Wall Street research firms estimate the stock price will range from $12 to $30 with a standard deviation of around $5. The consensus target obtained from the analysts is presently $18.375. The mean target was updated last on February 2.

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