NEW YORK (
) hit a new 52-week high Tuesday as it traded at $43.33 compared with its previous 52-Week high of $43.32. Rowan Companies is changing hands at $43.13 with two million shares traded as of 2:21 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.
Rowan Companies has a market cap of $5.2 billion and is part of the
industry. Shares are up 18.3% year to date as of the close of trading on Monday.
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 17.5, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 16.2.
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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 deteriorating net income, disappointing return on equity and poor profit margins. You can view the full
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