Rowan Companies (NYSE:RDC) was upgraded by investment analysts at DNB Markets from a “hold” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat reports. The firm presently has a $15.00 price target on the oil and gas company’s stock. DNB Markets’ price objective points to a potential upside of 19.90% from the company’s current price.
RDC has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Rowan Companies from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Cowen set a $10.00 price objective on shares of Rowan Companies and gave the stock a “hold” rating in a report on Wednesday, October 18th. ValuEngine raised shares of Rowan Companies from a “sell” rating to a “hold” rating in a report on Friday, December 1st. assumed coverage on shares of Rowan Companies in a report on Thursday, October 19th. They issued a “buy” rating and a $16.80 price objective for the company. Finally, Jefferies Group set a $16.00 price target on shares of Rowan Companies and gave the company a “hold” rating in a report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $15.66.
Rowan Companies (NYSE RDC) traded up $0.24 during trading on Wednesday, reaching $12.51. 3,510,000 shares of the company’s stock were exchanged, compared to its average volume of 2,880,000. The firm has a market capitalization of $1,580.00, a P/E ratio of -24.53 and a beta of 1.73. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.47. Rowan Companies has a 1 year low of $9.02 and a 1 year high of $19.01.
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Rowan Companies Company Profile
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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