Opinion on  ROWAN COMPANIES INC (RDC)     Sector: Energy  >  Industry: Oil Well Services & Equipment
ROWAN COMPANIES INC

Rowan Companies, Inc. provides a range of onshore and offshore contract drilling services in the United States and internationally. The company’s drilling operations are conducted primarily in the Gulf of Mexico, the Middle East, the North Sea, Trinidad, and offshore eastern Canada, as well as in western Africa and onshore in the United States. As of February 26, 2008, it provided contract drilling services through a fleet of 21 self-elevating mobile offshore drilling platforms and 29 deep-well land drilling rigs. The company also manufactures and markets drilling products and systems, including jack-up rigs and drilling equipment in a range of sizes, including mud pumps, top drives, draw-works, and rotary tables, as well as variable-speed motors, variable-frequency drive systems, and other electrical components for the oil and gas, marine, mining, and dredging industries. In addition, it offers mining, forestry, and steel products, such as large wheeled front-end loaders, diesel-electric powered log stackers, and steel plate products. The company was founded in 1923 and is headquartered in Houston, Texas.

06/25/08	Hold	$ 51.00	Jefferies & Co
06/19/08	Buy	$ 70.00	Jesup & Lamont
05/21/08	Overweight	$ 53.00	Lehman Brothers
05/15/08	Buy	$ 53.00	UBS
05/05/08	Neutral	$ 42.00	Credit Suisse

What The Brokers Say

Trades for 18-Jul-2008

Time	Volume / Share Price
16:02	177 @ $42.55     green colour
16:02	213 @ $42.55     blue colour
15:59	2 @ $42.55          red colour
15:59	1 @ $42.57         green colour
15:59	1 @ $42.57         blue colour

Outside Analyst Rating History

Sun Jul 20 12:10:16 EDT 2008

9.0

Buy

Sun Jul 20 12:10:16 EDT 2008

6.0

Hold

Sun Jul 20 12:10:16 EDT 2008

3.0

Sell

Date	Open	High	Low	Last	Change	Volume	% Change
07/18/08	41.85	43.20	41.27	42.55	+1.83	5250200	+4.49%

'); bot=13; } Composite Indicator      Trend Spotter TM   Sell   Short Term Indicators      7 Day Average Directional Indicator   Sell    10 - 8 Day Moving Average Hilo Channel   Hold      20 Day Moving Average vs Price   Sell    20 - 50 Day MACD Oscillator   Sell    20 Day Bollinger Bands   Hold     Short Term Indicators Average:   60% - Sell 20-Day Average Volume - 3527275   Medium Term Indicators      40 Day Commodity Channel Index   Hold      50 Day Moving Average vs Price   Sell    20 - 100 Day MACD Oscillator Buy      50 Day Parabolic Time/Price   Sell   Medium Term Indicators Average:   25% - Sell 50-Day Average Volume - 3252018   Long Term Indicators      60 Day Commodity Channel Index   Hold      100 Day Moving Average vs Price Buy      50 - 100 Day MACD Oscillator Buy     Long Term Indicators Average:   67% - Buy 100-Day Average Volume - 3208385   Overall Average:   24% - Sell   Price Support Pivot Point Resistance   42.55 40.41 42.34 44.27 Dividend Information Dividend Yield: 0.90 % Dividend Yield 5yr Avg: 0.80 % Dividend Rate: $ 0.40 % Dividend Payout Ratio: 9.00 % Dividend Payout Ratio 5yr Avg: 0.00 % Dividend Growth Rate 3yr Avg: 9.64 % Dividend Growth Rate 5yr Avg: 0.00 % Dividend AllStar™ Ranking: Consecutive Div. Increases: 0 years Dividend Payment Type: Cash Dividend Declaration Date: May-15-2008 Dividend Ex Date: May-28-2008 Dividend Record Date: May-30-2008 Dividend Pay Date: Jun-13-2008 Dividend Amount: 0.1000 Dividend Payments: Last 12 months payments: 4

RDC:  This call was made on 07/20/08 @ $42.55

Rating:	$42.55 (07/20/08)
Gain/Loss:	-37.93% in 478 days
Target:	$70.00 (+64.51%) in > one year