Citi Raises Estimates On Rowan

According to Citi, Rowan Companies RDC estimates are raised. Citi said that it has raised its EPS estimates based on new contracts in today's fleet status report. “Of note, our 2Q11 EPS has increased to $0.46 from $0.42 vs. $0.43 consensus.” Rowan Companies closed yesterday at $36.09.