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2019-02-13 17:47:28 RDC Rowan Companies $12.29 0.07 (0.57%) , XOM Exxon Mobil $76.26 0.87 (1.15%) 17:47 02/13/19 02/13 17:47 02/13/19 17:47	Rowan Companies secures extension with ExxonMobil for Rowan Relentless Rowan Companies (RDC) announced that ExxonMobil (XOM) has exercised the third of four options for the Rowan Relentless, an R-Class ultra-deepwater drillship. The option will be used for operations in the US Gulf of Mexico and has an expected duration of 180 days. The Rowan Relentless has been under contract with ExxonMobil since September 2018. RDC Rowan Companies $12.29 0.07 (0.57%) XOM Exxon Mobil $76.26 0.87 (1.15%)
RDC XOM RDC Rowan Companies $12.29 0.07 (0.57%) 01/09/19 DNBM 01/09/19 UPGRADE DNBM Buy Rowan Companies upgraded to Buy from Hold at DNB Markets 12/28/18 WELS 12/28/18 NO CHANGE WELS Wells sees 'rocky times ahead' for Oil Services and Equipment market Emerging data points suggest "rocky times ahead" for the North American Oil Services and Equipment market in early 2019, Wells Fargo analyst Judson Bailey tells investors in a research note. As oil prices and macro conditions have weakened to end 2018, a number of recent conversations suggest a "quickly deteriorating" outlook for exploration and production budgets, activity levels and pricing over the first few months of 2019, adds the analyst. He believes the case for "much needed consolidation" across the U.S. oilfield services landscape "has never been greater." 12/20/18 SOCG 12/20/18 DOWNGRADE SOCG Rowan Companies downgraded to Hold from Buy at Societe Generale Societe Generale analyst Edward Muztafago downgraded Rowan Companies to Hold from Buy and lowered his price target to $10 from $24. 12/19/18 FBCO 12/19/18 DOWNGRADE Target $10 FBCO Neutral Rowan Companies downgraded to Neutral at Credit Suisse As previously reported, Credit Suisse analyst James Wicklund downgraded Rowan Companies to Neutral from Outperform as he updates his sector-wide macro forecasts for a lower expected oil price. In 2019, the analyst sees the overall U.S. rig count declining by about 5%, a 5% decline in completions and a 3% decline in pressure pumping horsepower needed. Wicklund also lowered his price target on the shares to $10 from $20. XOM Exxon Mobil $76.26 0.87 (1.15%) 01/15/19 BOFA 01/15/19 NO CHANGE BOFA Hess Corp. added to US 1 List, Exxon Mobil removed at BofA/Merrill 11/26/18 WOLF 11/26/18 UPGRADE WOLF Outperform Exxon Mobil upgraded to Outperform from Peer Perform at Wolfe Research 11/20/18 11/20/18 DOWNGRADE On The Fly: Top five analyst downgrades Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Exxon Mobil (XOM) downgraded to Underperform from Market Perform at Raymond James with analyst Pavel Molchanov saying Exxon Mobil is "one of the least appealing ways to play" the firm's bullish oil call, particularly following the recent oil price selloff. 2. Skyworks (SWKS) downgraded to Underperform from Neutral at BofA/Merrill with analyst Vivek Arya citing limited content gains in 2019 iPhones. 3. Micron (MU) downgraded two notches to Underperform from Outperform at Baird with analyst Tristan Gerra saying he now models eight consecutive quarters of gross margin and EPS contraction given the continued deterioration in both DRAM and NAND memory pricing. 4. Nvidia (NVDA) downgraded to Underperform from Neutral at Exane BNP Paribas. 5. Western Digital (WDC) downgraded to Neutral from Positive at Susquehanna with analyst Mehdi Hosseini saying he has lost confidence in the company's ability to benefit from SSD substitution of HDDs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here. 11/20/18 11/20/18 DOWNGRADE Underperform Exxon Mobil downgraded to Underperform at Raymond James As previously reported, Raymond James downgraded Exxon Mobil to Underperform from Market Perform. Analyst Pavel Molchanov said Exxon Mobil is "one of the least appealing ways to play" the firm's bullish oil call, particularly following the recent oil price selloff. Molchanov believes Exxon shares will be a source of funds and notes free cash flow yield is below peer group median and is the only supermajor that is not returning capital to shareholders through buybacks.

2019-02-13 17:47:28

RDC

Rowan Companies

$12.29: 0.07 (0.57%)

, XOM

Exxon Mobil

$76.26: 0.87 (1.15%)

17:47

02/13/19

02/13

17:47

02/13/19

17:47

Rowan Companies secures extension with ExxonMobil for Rowan Relentless

Rowan Companies (RDC) announced that ExxonMobil (XOM) has exercised the third of four options for the Rowan Relentless, an R-Class ultra-deepwater drillship. The option will be used for operations in the US Gulf of Mexico and has an expected duration of 180 days. The Rowan Relentless has been under contract with ExxonMobil since September 2018.

RDC

Rowan Companies

$12.29: 0.07 (0.57%)

XOM

Exxon Mobil

$76.26: 0.87 (1.15%)

RDC Rowan Companies

$12.29: 0.07 (0.57%)

01/09/19: DNBM

12/28/18: WELS

12/20/18: SOCG

12/19/18: FBCO

XOM Exxon Mobil

$76.26: 0.87 (1.15%)

01/15/19: BOFA

11/26/18: WOLF

11/20/18

11/20/18

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Rowan Companies secures extension with ExxonMobil for Rowan Relentless

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