Obalon Therapeutics, Inc. (OBLN) Reaches $3.97 After 9.00% Down Move; Key Group Holdings Cayman LTD Has Trimmed Rowan Companies Plc (RDC) Holding By $22.81 Million

February 15, 2018 - By Peter Erickson

The stock of Obalon Therapeutics, Inc. (NASDAQ:OBLN) is a huge mover today! The stock decreased 4.34% or $0.18 during the last trading session, reaching $3.97. About 66,365 shares traded. Obalon Therapeutics, Inc. (NASDAQ:OBLN) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.The move comes after 9 months negative chart setup for the $69.24 million company. It was reported on Feb, 15 by Barchart.com. We have $3.61 PT which if reached, will make NASDAQ:OBLN worth $6.23M less.

Key Group Holdings Cayman Ltd decreased Rowan Companies Plc (RDC) stake by 68.31% reported in 2017Q3 SEC filing. Key Group Holdings Cayman Ltd sold 1.90 million shares as Rowan Companies Plc (RDC)’s stock declined 21.10%. The Key Group Holdings Cayman Ltd holds 882,147 shares with $11.34M value, down from 2.78M last quarter. Rowan Companies Plc now has $1.54B valuation. The stock decreased 2.44% or $0.305 during the last trading session, reaching $12.205. About 1.32 million shares traded. Rowan Companies plc (NYSE:RDC) has declined 16.50% since February 15, 2017 and is downtrending. It has underperformed by 33.20% the S&P500.

Investors sentiment decreased to 0.7 in Q3 2017. Its down 0.56, from 1.26 in 2017Q2. It dived, as 29 investors sold RDC shares while 87 reduced holdings. 29 funds opened positions while 52 raised stakes. 129.33 million shares or 3.45% less from 133.95 million shares in 2017Q2 were reported. Nomura owns 12,345 shares. Panagora Asset stated it has 0.03% in Rowan Companies plc (NYSE:RDC). 11,345 were reported by Smith Salley &. Tower Rech Cap Limited Com (Trc) reported 0.01% in Rowan Companies plc (NYSE:RDC). First Quadrant Limited Partnership Ca holds 0% or 15,390 shares in its portfolio. Robeco Institutional Asset Mngmt Bv has 1.40 million shares for 0.11% of their portfolio. Mrj Capital Inc owns 3,950 shares for 0.03% of their portfolio. Johnson, Wisconsin-based fund reported 400 shares. First Pacific Ltd Liability Corp holds 0.14% or 1.41 million shares in its portfolio. United Kingdom-based Legal And General Gru Pcl has invested 0% in Rowan Companies plc (NYSE:RDC). Art Limited Company has 0.04% invested in Rowan Companies plc (NYSE:RDC) for 66,800 shares. Dimensional Fund Advisors Limited Partnership holds 0.05% of its portfolio in Rowan Companies plc (NYSE:RDC) for 8.34 million shares. Balyasny Asset Mngmt Ltd Liability Corp owns 0% invested in Rowan Companies plc (NYSE:RDC) for 16,322 shares. Ahl Ptnrs Llp invested in 0.04% or 186,564 shares. Renaissance Grp Llc reported 0% of its portfolio in Rowan Companies plc (NYSE:RDC).

Key Group Holdings Cayman Ltd increased Parsley Energy Inc (NYSE:PE) stake by 499,612 shares to 2.85M valued at $75.00M in 2017Q3. It also upped Cabot Oil & Gas Corp (NYSE:COG) stake by 42,400 shares and now owns 64,200 shares. Qep Res Inc (NYSE:QEP) was raised too.

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on February, 23. They expect $-0.27 earnings per share, down 437.50% or $0.35 from last year’s $0.08 per share. After $-0.16 actual earnings per share reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts 68.75% negative EPS growth.

Among 33 analysts covering Rowan Companies Inc. (NYSE:RDC), 7 have Buy rating, 4 Sell and 22 Hold. Therefore 21% are positive. Rowan Companies Inc. had 96 analyst reports since July 22, 2015 according to SRatingsIntel. Zephrin Group upgraded Rowan Companies plc (NYSE:RDC) on Monday, September 19 to “Buy” rating. The stock of Rowan Companies plc (NYSE:RDC) has “Sector Perform” rating given on Wednesday, September 14 by Howard Weil. The firm has “Hold” rating given on Monday, April 24 by Credit Suisse. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, September 19 report. The firm earned “Sector Weight” rating on Friday, October 9 by KeyBanc Capital Markets. As per Monday, November 6, the company rating was maintained by UBS. The stock of Rowan Companies plc (NYSE:RDC) earned “Buy” rating by HSBC on Thursday, October 19. RBC Capital Markets maintained it with “Sector Perform” rating and $20 target in Wednesday, November 4 report. On Thursday, August 3 the stock rating was maintained by Nomura with “Neutral”. The stock of Rowan Companies plc (NYSE:RDC) earned “Hold” rating by RBC Capital Markets on Friday, September 1.

Analysts await Obalon Therapeutics, Inc. (NASDAQ:OBLN) to report earnings on February, 22. They expect $-0.48 earnings per share, up 5.88% or $0.03 from last year’s $-0.51 per share. After $-0.55 actual earnings per share reported by Obalon Therapeutics, Inc. for the previous quarter, Wall Street now forecasts -12.73% EPS growth.

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By1 Peter Erickson

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