Rowan Companies PLC (NYSE:RDC) shares gapped down before the market opened on Monday . The stock had previously closed at $13.99, but opened at $14.35. Rowan Companies shares last traded at $14.21, with a volume of 1054028 shares traded.
Several research analysts have weighed in on the company. Barclays cut Rowan Companies from an “equal weight” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a research report on Tuesday, January 23rd. Susquehanna Bancshares set a $15.00 price objective on Rowan Companies and gave the stock a “hold” rating in a research report on Friday, January 12th. Cowen set a $14.00 price objective on Rowan Companies and gave the stock a “hold” rating in a research report on Thursday, January 11th. Piper Jaffray Companies cut Rowan Companies from an “overweight” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Thursday, January 11th. Finally, B. Riley set a $16.00 price objective on Rowan Companies and gave the stock a “buy” rating in a research report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $16.32.
The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1,811.73, a PE ratio of -26.56 and a beta of 1.73.
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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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