Showing posts with label Rowan Cos.. Show all posts
Showing posts with label Rowan Cos.. Show all posts

Tuesday, July 10, 2007

Rowan Cos.

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.