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Rowan Companies


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Getting positioned in offshore oil

This stock has long been one of my favorites but now that it’s back to a moderate price there is plenty of reason to love it. Rowan Companies (RDC) leases offshore drilling platforms to oil companies who use them to bring up from the depths of the sea. With oil prices at a [...]

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LeTourneau Obtains $90 Million Contract for New Land Rigs

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) announced today that its wholly owned manufacturing subsidiary, LeTourneau Technologies, Inc. (LTI), has entered into a contract to

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Rowan Schedules Release of Second Quarter Operating Results and Conference Call

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) will host a conference call on Tuesday, August 5, 2008 at 8:30 a.m. CDT to discuss its operating results for the three months ended

1Vote!

Rowan Declares 10 Cents Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE: RDC) announced today that its Board of Directors has declared a cash dividend of 10¢ per share of Common

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Rowan to Present at Upcoming Investor Conferences

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) today announced that it is scheduled to present at the following upcoming investor conferences:

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Rowan Companies Inc. Q1 2008 Earnings Call Transcript

Rowan Companies, Inc. (RDC) Q1 FY08 Earnings Call Complete Story »

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Rowan Companies Inc. net income up 14%

NEW YORK (MarketWatch) -- Rowan Companies Inc. on Thursday said first-quarter net income climbed 14% to $98.6 million, or 88 cents a share from $86.4 mililon, or 77 cents a share in the year-ago period. Revenue rose to $485.5 million from $462.3 million. The Houston drilling and offshore oil services firm was expected to earn $1.18 a share on revenue of $542 million, according to a survey of analysts...

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Rowan Reports First Quarter 2008 Operating Results

HOUSTON--(BUSINESS WIRE)--For the three months ended March 31, 2008, Rowan Companies, Inc. (NYSE:RDC) generated net income of $98.6 million or 88¢ per share,

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Rowan Companies says it'll fall short of Q1 target

NEW YORK (MarketWatch) -- Rowan Companies Inc. on Thursday said it expects first-quarter 2008 results to fall short of current consensus estimates because of "short-term timing issues." Analysts surveyed by FactSet forecast earnings of 98 cents a share, on average, for the drilling rig operator. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com...

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Rowan Schedules Release of First Quarter Results and Conference Call

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) will host a conference call on Thursday, May 1, 2008 at 8:30 a.m. (CT) to discuss its operating results for the three months ended

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Rowan Provides Operational Update

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) has updated its offshore and land rig fleet contract status reports as of April 17, 2008. These reports are accessible from the

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Review of Robert Rodriguez's Commentaries and Speeches, Why He Bets on Oil Companies like ENSCO, PattersonUTI Energy Inc., Rowan Companies Inc.

If you have been reading Guru commentaries, you would know that Robert Rodriguez has foreseen credit crisis coming years ago, and avoided financial stocks for the past 3 years. Did the decline of financial stocks created bargains for him, not yet!

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Rowan to Present at Howard Weil Energy Conference

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) announced today that Chairman and Chief Executive Officer Danny McNease will present at the 36th Annual

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Rowan Companies to Pursue Monetization of LeTourneau Technologies, Inc.

HOUSTON--(BUSINESS WIRE)--Rowan Companies, Inc. (NYSE:RDC) today announced that its Board of Directors has decided to pursue a monetization of its wholly-owned manufacturing subsidiary,

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Rowan Reports Record Revenues and Profits

HOUSTON--(BUSINESS WIRE)--For the three months ended December 31, 2007, Rowan Companies, Inc. (NYSE:RDC) generated record net income of $138.5 million or $1.23 per share, compared to $62.4