Rowan Companies PLC (NYSE:RDC) shares rose 6.4% on Friday . The company traded as high as $13.13 and last traded at $13.11. Approximately 1,283,859 shares traded hands during trading, a decline of 41% from the average daily volume of 2,184,036 shares. The stock had previously closed at $12.32.
RDC has been the subject of a number of research analyst reports. DNB Markets raised shares of Rowan Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, January 9th. ValuEngine raised shares of Rowan Companies from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. UBS Group set a $13.00 target price on shares of Rowan Companies and gave the stock a “buy” rating in a research report on Thursday, December 20th. TheStreet lowered shares of Rowan Companies from a “c-” rating to a “d+” rating in a research report on Friday, November 30th. Finally, Societe Generale lowered shares of Rowan Companies from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.42.
The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market capitalization of $1.57 billion, a PE ratio of -20.48 and a beta of 2.56.
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About Rowan Companies (NYSE:RDC)
Rowan Companies plc provides offshore oil and gas contract drilling services to the oil and gas industry. The company operates through Deepwater, Jack-ups, and ARO segments. The Deepwater segment operates 4 ultra-deepwater drillships. The Jack-ups segment operates 23 self-elevating jack-up rigs. The ARO segment operates 5 self-elevating jack-up rigs.
Further Reading: Intrinsic Value
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