Trade-Ideas: Rowan Companies (RDC) Is Today's Post-Market Leader Stock

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.

Trade-Ideas LLC identified Rowan Companies ( RDC) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Rowan Companies as such a stock due to the following factors:

  • RDC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $64.0 million.
  • RDC is up 7.4% today from today's close.

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More details on RDC:

Rowan Companies plc provides offshore oil and gas contract drilling services. The company owns and operates 30 self-elevating mobile offshore jack-up drilling units and ultra-deepwater drill ships. The stock currently has a dividend yield of 1.3%. RDC has a PE ratio of 16.3. Currently there are 10 analysts that rate Rowan Companies a buy, 2 analysts rate it a sell, and 5 rate it a hold.

The average volume for Rowan Companies has been 1.9 million shares per day over the past 30 days. Rowan Companies has a market cap of $4.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.36 and a short float of 7.7% with 3.15 days to cover. Shares are down 12.3% year-to-date as of the close of trading on Friday.

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