Rowan Companies plc was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $12.46 to $14.45 in the past one-month time frame, showed a pick-up yesterday at $14.21.

This oil and gas – drilling industry stock witnessed three positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Rowan Companies. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Rowan Companies has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

ROWAN COS PLC Price

 

ROWAN COS PLC Price | ROWAN COS PLC Quote

However, a better-ranked stock in the same space is Independence Contract Drilling, Inc. (ICD Quick QuoteICD - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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