Breaking Finance News

Seaport Global Securities downgraded Rowan Companies PLC (NYSE:RDC) to Sell in a report released today.

Seaport Global Securities has downgraded Rowan Companies PLC (NYSE:RDC) to Sell in a report released on Wednesday June 21, 2017.

Yesterday Rowan Companies PLC (NYSE:RDC) traded 1.63% higher at $11.38. The company’s 50-day moving average is $10.24 and its 200-day moving average is $12.58. The last stock close price is down -10.64% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. 5,879,892 shares of the stock were exchanged, up from an average trading volume of 3,944,260

See Chart Below

Rowan Companies PLC (NYSE:RDC)

Rowan Companies PLC has a 52 week low of $9.02 and a 52 week high of $21.68 Rowan Companies PLC’s market capitalization is presently $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. 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.