Rowan Companies PLC (NYSE:RDC) has been downgraded to Neutral in a statement by Seaport Global Securities today.
- Updated: October 7, 2016
Seaport Global Securities has downgraded Rowan Companies PLC (NYSE:RDC) to Neutral in a statement released on 10/7/2016.
Having a price of $15.12, Rowan Companies PLC (NYSE:RDC) traded -1.39% lower on the day. With the last close down -6.47% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. RDC has recorded a 50-day average of $13.51 and a two hundred day average of $15.94. Trade Volume was down over the average, with 225,788 shares of RDC changing hands under the typical 3,845,300
Recent Performance Chart
Rowan Companies PLC has PE ratio of 8.33 with a one year low of $10.67 and a one year high of $21.83 and has a market capitalization of $0.
A total of 32 analysts have released a report on Rowan Companies PLC. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $17.31.
General Company Details For 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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