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Rowan Companies Inc. (NYSE:RDC) has been downgraded from Buy to Neutral in a report by Seaport Global earlier today.

Yesterday Rowan Companies Inc. (NYSE:RDC) traded -1.39% lower at $15.07. RDC’s 50-day average is $13.51 and its two hundred day average is $15.94. The last stock price is down -6.47% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. Trading volume was down over the average, with 225,788 shares of RDC changing hands under the typical 3,845,300

Seaport Global has downgraded Rowan Companies Inc. (NYSE:RDC) from Buy to Neutral in a statement released on 10/7/2016.

Recent Performance Chart

Rowan Companies Inc. (NYSE:RDC)

With a market capitalization of $0, Rowan Companies Inc. has price-earnings ratio of 8.33 with a 52 week low of $10.67 and a 52 week high of $21.83 .

Also covering Rowan Companies Inc.'s price target, a total of 32 brokerages have released a report on Rowan Companies Inc.. The 12-month price target is $17.31 with 0 brokerages rating the company a strong buy, zero firms rating the stock a buy, 0 analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Information About Rowan Companies Inc. (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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