Rowan Companies (RDC) Shares Down 2%
Rowan Companies PLC (NYSE:RDC)’s share price fell 2% on Thursday . The stock traded as low as $13.27 and last traded at $13.01. 1,847,528 shares traded hands during trading, a decline of 31% from the average session volume of 2,696,149 shares. The stock had previously closed at $13.28.
Several research firms recently weighed in on RDC. Zacks Investment Research lowered shares of Rowan Companies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Cowen set a $10.00 price target on shares of Rowan Companies and gave the company a “hold” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Rowan Companies from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. assumed coverage on shares of Rowan Companies in a research report on Thursday, October 19th. They set a “buy” rating and a $16.80 price target for the company. Finally, Jefferies Group set a $16.00 target price on shares of Rowan Companies and gave the stock a “hold” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $16.32.
The stock has a market capitalization of $1,610.00, a price-to-earnings ratio of -25.08 and a beta of 1.73. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.47.
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Rowan Companies Company Profile
Rowan Companies plc is a provider of offshore contract drilling services to the international oil and gas industry. The Company operates through two segments: deepwater and jack-ups. Its deepwater segment consists of drillship operations. As of December 31, 2016, the Company’s fleet consisted of 29 mobile offshore drilling units, including 25 self-elevating jack-up rigs and four ultra-deepwater drillships.
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