Shares of Rowan Companies PLC (NYSE:RDC) have been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $14.67.
A number of research analysts have commented on RDC shares. Zacks Investment Research raised Rowan Companies from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. ValuEngine downgraded Rowan Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 23rd. Credit Suisse Group set a $11.00 target price on Rowan Companies and gave the stock a “hold” rating in a report on Friday, March 1st. HSBC raised Rowan Companies from a “hold” rating to a “buy” rating and set a $11.37 target price on the stock in a report on Friday, March 8th. Finally, Barclays set a $12.00 target price on Rowan Companies and gave the stock a “sell” rating in a report on Tuesday, March 5th.
NYSE:RDC remained flat at $$10.93 during trading hours on Friday. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.46. Rowan Companies has a 12 month low of $7.77 and a 12 month high of $20.87. The firm has a market cap of $1.39 billion, a PE ratio of -2.94 and a beta of 2.52.
Rowan Companies Company Profile
Rowan Companies plc provides offshore contract drilling services to the oil and gas industry. The company operates through three segments: Deepwater, Jack-ups, and ARO. The Deepwater segment operates 4 ultra-deepwater drillships. The Jack-ups segment operates 15 self-elevating jack-up rigs. The ARO segment operates a fleet of 6 self-elevating jack-up rigs.
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