Rowan Cos. is among the world’s largest Oil and Gas Drilling sector businesses in the world. Rowan Cos.’s employees generate $345.5M in profits on $1.673B of revenue. Global output in the Oil and Gas Drilling business will likely rise substantially over the next 10 years. Long-term economic growth may lift all boats, but Rowan Cos. is determined to remain a market leader. Sectoral leadership in the Oil and Gas Drilling segment takes dedication and consistency, but management seeks out-sized growth.
Rowan Cos.’s ticker symbol RDC has recently been trading near $41.30 a share. The Rowan Cos. corporate headquarters in Houston TX predicts Oil and Gas Drilling profits will satisfy shareholders in search of risk-appropriate returns.
The significance of market volume is sometimes ignored, but with a total market capitalization of $4.570B ensures sufficient liquidity. With a beta of 1.99, the company is more volatile than the market as a whole. When the average equity moves higher, Rowan Cos. moves more aggressively.
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