- Barrons.com•3 hours ago
FBR's Thomas Curran and Mark Kelley contend that for offshore drillers like Ensco (ESV), Transocean (RIG), Rowan (RDC), and Atwood Oceanics (ATW), the "cycle will not turn" until late 2017 at the earliest: Over the past week, the offshore drilling industry has delivered three data points—one on the supply side and two on the demand side—that collectively reinforce our belief that its cycle will not turn until, at the earliest, late-2017. Drillers have begun finding short-term relief in the debt capital markets, with Ensco’s Tuesday, December 6 announcement of a $750 million private offering the latest example in a week that saw similar news from Transocean and Rowan Companies. Atwood Oceanics implied a bearish take on demand visibility through an agreement to push back delivery of two rigs, the Atwood Admiral and the Atwood Archer, by two years for near-term liquidity.
- Motley Fool•5 hours ago
The offshore driller continues to rise on oil price optimism.
The 'Enterprise Value Growth and Income' stock-picking model should be quite effective in 2017, too.
RDC : Summary for Rowan Companies plc Class A Ord - Yahoo Finance
Rowan Companies plc (RDC)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||20.43 x 100|
|Ask||21.27 x 1100|
|Day's Range||19.27 - 20.40|
|52 Week Range||10.67 - 20.40|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||5.49|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|