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Rowan Cos (NYSE:RDC) target price raised to $15.00, reported today by UBS

Yesterday Rowan Cos (NYSE:RDC) traded 9.29% higher at $11.41. The company’s 50-day moving average is $10.23 and its 200-day moving average is $12.40. The last stock close price is down 0.56% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 1,267,263 shares of the stock were exchanged, down from an average trading volume of 3,949,170

Rowan Cos (NYSE:RDC) had its target price raised to $15.00 by UBS in a report released 09/25/2017. The new target price indicates a possible upside of 0.31% based on the company's last stock close price.

Previously on 8/25/2017, RBC Capital Markets reported about Rowan Cos (NYSE:RDC) raised the target price from $13.50 to $14.00. At the time, this indicated a possible upside of 0.45%.

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Rowan Cos (NYSE:RDC)

Rowan Cos has a 52 week low of $9.02 and a 52 week high of $21.68 The company’s market cap is currently $0.

In addition to UBS reporting its target price, a total of 32 firms have reported on the stock. The consensus target price is $17.31 with 0 firms rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Rowan Cos (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. 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. The Company's fleet operates across the world, including the United States Gulf of Mexico (US GOM), the United Kingdom and Norwegian sectors of the North Sea, the Middle East and Trinidad. As of February 14, 2017, the Company's drilling fleet consisted of four ultra-deepwater drillships; 19 high-specification cantilever jack-up rigs, and six premium cantilever jack-up rigs. Its jack-ups are capable of drilling wells to maximum depths ranging from 25,000 to 40,000 feet and in maximum water depths ranging from 300 to 550 feet, depending on rig size, location and outfitting.

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