Insider Trading Alert - Rowan Companies And 4 Others Traded By Insiders

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Yesterday, Sept. 10, 2013, 135 U.S. common stocks issued filings of shares being bought or sold by insiders. The transactions ranged in value from $49.60 to $313,828,000.00.

Highlighted Stocks Traded by Insiders:

Rowan Companies (RDC) - FREE Research Report

Trent Melanie Montague who is SVP, CAO & Company Secretary at Rowan Companies sold 7,000 shares at $37.90 on Sept. 10, 2013. Following this transaction, the SVP, CAO & Company Secretary owned 23,589 shares meaning that the stake was reduced by 22.88% with the 7,000 share transaction.

The shares most recently traded at $38.05, up $0.15, or 0.39% since the insider transaction.

The average volume for Rowan Companies has been 1.0 million shares per day over the past 30 days. Rowan Companies has a market cap of $4.7 billion and is part of the basic materials sector and energy industry. Shares are up 21.94% year to date as of the close of trading on Tuesday.

Rowan Companies plc provides offshore oil and gas contract drilling services. The company primarily focuses on high-specification and premium jack-up rigs for exploratory and development drilling, and well workover operations. The stock currently has a dividend yield of 3.34%. The company has a P/E ratio of 19.1. Currently there are 10 analysts that rate Rowan Companies a buy, no analysts rate it a sell, and 11 rate it a hold.

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TheStreet Quant Ratings rates Rowan Companies as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full Rowan Companies Ratings Report from TheStreet Quant Ratings now.

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