Rowan Companies PLC (NYSE:RDC) shares gapped down before the market opened on Monday . The stock had previously closed at $13.99, but opened at $14.35. Rowan Companies shares last traded at $14.21, with a volume of 1054028 shares.
RDC has been the topic of several research reports. BMO Capital Markets set a $12.00 price objective on shares of Rowan Companies and gave the stock a “hold” rating in a report on Tuesday, October 17th. Cowen set a $14.00 price objective on shares of Rowan Companies and gave the stock a “hold” rating in a report on Thursday, January 11th. FBR & Co restated a “buy” rating on shares of Rowan Companies in a report on Thursday, October 19th. B. Riley restated a “buy” rating on shares of Rowan Companies in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Rowan Companies from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.32.
The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.47.
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About Rowan Companies
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.
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