NEW YORK (
) hit a new 52-week high Friday as it traded at $42.94 compared with its previous 52-Week high of $40.64. Rowan Companies is changing hands at $42.93 with 233,469 shares traded as of 9:32 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.
Rowan Companies has a market cap of $5 billion and is part of the
industry. Shares are up 14.1% year to date as of the close of trading on Thursday.
Rowan Companies, Inc. provides a range of onshore and offshore contract drilling services in the United States and internationally. The company has a P/E ratio of 16.1, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Rowan Companies as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full
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