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Credit Suisse Group AG downgraded Rowan Companies PLC (NYSE:RDC) to Neutral in a report released today.

Yesterday Rowan Companies PLC (NYSE:RDC) traded 0.18% higher at $14.06. The company’s 50-day moving average is $13.41 and its 200-day moving average is $16.08. With the last stock price down -12.40% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. Trade Volume was down over the average, with 1,473,480 shares of RDC changing hands under the typical 3,510,600

Credit Suisse Group AG has downgraded Rowan Companies PLC (NYSE:RDC) to Neutral in a report released on 9/23/2016.

Recent Performance Chart

Rowan Companies PLC (NYSE:RDC)

Rowan Companies PLC has PE ratio of 7.87 with a 52 week low of $10.67 and a 52 week high of $21.83 and has a market capitalization of $0.

In addition to Credit Suisse Group AG reporting its stock price target, a total of 32 brokers have issued a research note on the company. The average stock price target is $17.31 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Rowan Companies PLC (NYSE:RDC)

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. Its fleet consists of approximately 30 mobile offshore drilling units, including self-elevating jack-up rigs and ultra-deepwater drillships. Its drilling fleet consists of approximately four ultra-deepwater drillships; 20 high-specification cantilever jack-up rigs, including three N-Class rigs, four EXL class rigs, three 240C class rigs, four enhanced Super Gorilla class rigs, one Gorilla class rig, and four Tarzan Class rigs, and eight cantilever jack-up rigs, including two Gorilla class rigs and six 116-C class rigs. The Company's fleet operates across the world, including the United States Gulf of Mexico, the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad.

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