Rowan Companies plc (RDC) : During the past 4 weeks, traders have been relatively bearish on Rowan Companies plc (RDC), hence the stock is down -14.45% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.85% relative to the S&P 500. The 4-week change in the price of the stock is -14.63% and the stock has fallen -4.48% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 6.91% and the fifty day Moving Average is 18.86%. Rowan Companies plc has dropped 22.93% during the last three month period . Year-to-Date the stock performance stands at -23.24%.
Rowan Companies plc (RDC) : The most positive equity analysts on Rowan Companies plc (RDC) expects the shares to touch $25, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 15 Wall Street Brokerage Firms. The average price target for shares are $16.89 with an expected fluctuation of $3.52 from the mean.
Rowan Companies plc (NYSE:RDC): stock turned positive on Friday. Though the stock opened at $13.07, the bulls momentum made the stock top out at $13.415 level for the day. The stock recorded a low of $12.92 and closed the trading day at $13.01, in the green by 0.39%. The total traded volume for the day was 2,163,550. The stock had closed at $12.96 in the previous days trading.
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.