Large Outflow of Money Witnessed in Rowan Companies plc

Rowan Companies plc (NYSE:RDC) surged 0.11% during the last session. The last traded price was up 0.02 points at $18.05. The data for the fund flow suggests that the net intraday money flow was $(-3.74) million. The fund value in upticks was recorded to be $3.83 million and in downticks, it was found to be $7.57 million. The up/down ratio for the day was measured to be 0.51. For the week, the shares have seen a percentage change of 9.33%.A block trade of $(-3.74) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $3.74 million. The block tradeoff had the up/down ratio of 0.


Currently the company Insiders own 0.97% of Rowan Companies plc shares according to the proxy statements. Institutional Investors own 96.04% of Rowan Companies plc shares. On the companys insider trading activities, Sandvold Tore I, director of Rowan Companies Plc, executed a transaction worth $111,450 on May 19, 2015. A total of 5,000 shares were purchased at an average price of $22.29. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Rowan Companies plc (NYSE:RDC) : On Monday heightened volatility was witnessed in Rowan Companies plc (NYSE:RDC) which led to swings in the share price. The stock opened for trading at $17.85 and hit $18.55 on the upside , eventually ending the session at $18.05, with a gain of 0.11% or 0.02 points. The heightened volatility saw the trading volume jump to 2,363,593 shares. The 52-week high of the share price is $21.83 and the company has a market cap of $2,263 million. The 52-week low of the share price is at $10.67 .

Many analysts have stated their opinion on the company shares. Citigroup maintains their rating on the shares of Rowan Companies plc (NYSE:RDC). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $18 per share from $17 per share. The rating by the firm was issued on May 19, 2016.

Rowan Companies plc (Rowan) is a provider of international and domestic offshore oil and gas contract drilling services. Its operation broadly consists of Drilling Fleet and Contracts. It has a fleet of 30 self-elevating mobile offshore jack-up drilling units and four ultra-deepwater drillships. It conducts offshore drilling operations in the United States Gulf of Mexico (US GOM), the United Kingdom (UK) and Norwegian sectors of the North Sea, the Middle East, West and North Africa, Southeast Asia and Trinidad. The Companys jack-ups are capable of drilling wells to depths ranging from 25,000 to 40,000 feet and in water depths ranging from 250 to 550 feet. Its ultra-deepwater drillships are capable of drilling wells to depths of 40,000 feet and in water depths of 12,000 feet. The Companys drilling contracts provide for a fixed amount of compensation per day, and are either well-to-well, multiple-well or fixed-term generally ranging from one month to several years.

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