Rowan Companies plc (NYSE: RDC) spotted trading -42.41% off 52-week high price. On the other end, the stock has been noted 54.70% away from the low price over the last 52-weeks. The stock changed -3.92% to recent value of $12.02. The stock transacted 2406689 shares during most recent day however it has an average volume of 2708K shares. The company has 127.1M of outstanding shares and 124.75M shares were floated in the market.
Rowan Companies plc (NYSE: RDC) declared that the Rowan Viking, an N-Class ultra-harsh environment jack-up rig, has been awarded a seven-well program by Lundin Norway AS in Norway for a minimum duration of 265 days. The contract is expected to commence in Q2/Q3 2020 and has four additional one-well priced options. The Rowan Viking has just completed the first well of a two-well program for MOL Norges AS in Norway and will perform a Special Periodic Survey prior to commencing the second well with MOL, which is expected to start in April 2019 and has an estimated duration of 140 days.
Rowan is a global provider of
contract drilling services with a fleet of 25 mobile offshore drilling units,
composed of 21 self-elevating jack-up rigs and four ultra-deepwater
drillships. The Company’s fleet operates
worldwide, including the United States Gulf of Mexico, the United Kingdom and
Norwegian sectors of the North Sea, the Middle East, the Mediterranean Sea, and
Trinidad. Additionally, the Company is a 50/50 partner in a joint venture with
Saudi Aramco, entitled ARO Drilling, that owns a fleet of seven self-elevating
jack-up rigs that operate in the Arabian Gulf.
The Company’s Class A Ordinary Shares are traded on the New York Stock
Exchange under the symbol “RDC”.
Its earnings per share (EPS) expected to touch remained -77.60% for this year while earning per share for the next 5-years is expected to reach at -4.40%. RDC has a gross margin of 26.10% and an operating margin of -10.90% while its profit margin remained -23.50% for the last 12 months.
According to the most recent quarter its current ratio was 3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 14.03% from the mean of 20 days, 3.56% from mean of 50 days SMA and performed -17.91% from mean of 200 days price. Company’s performance for the week was -0.83%, 33.26% for month and YTD performance remained 43.27%.
Category – Business
Billy Gonzalez holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Billy is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
Billy has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
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