ValuEngine cut shares of McDermott International, Inc. (NYSE:MDR) from a strong-buy rating to a buy rating in a report released on Wednesday.
MDR has been the topic of a number of other research reports. BidaskClub cut McDermott International from a buy rating to a hold rating in a research note on Monday, July 24th. Deutsche Bank AG reduced their price objective on McDermott International from $6.50 to $5.25 and set a hold rating on the stock in a research note on Tuesday, October 24th. UBS AG boosted their price objective on McDermott International from $7.00 to $7.50 and gave the stock a neutral rating in a research note on Friday, November 3rd. KeyCorp restated a hold rating on shares of McDermott International in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded McDermott International from a sell rating to a hold rating in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. McDermott International currently has a consensus rating of Hold and an average price target of $7.94.
Shares of McDermott International (MDR) traded down $0.06 on Wednesday, hitting $7.01. The company’s stock had a trading volume of 2,280,177 shares, compared to its average volume of 3,180,401. The firm has a market capitalization of $1,990.00, a PE ratio of 12.82 and a beta of 1.32. McDermott International has a 12 month low of $5.56 and a 12 month high of $8.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 1.70.
McDermott International (NYSE:MDR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.14. The company had revenue of $958.50 million for the quarter, compared to analysts’ expectations of $977.28 million. McDermott International had a return on equity of 22.63% and a net margin of 10.05%. The firm’s quarterly revenue was up 71.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. analysts predict that McDermott International will post 0.53 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System acquired a new position in shares of McDermott International in the second quarter worth about $1,054,000. SG Americas Securities LLC raised its stake in McDermott International by 62.8% during the second quarter. SG Americas Securities LLC now owns 195,251 shares of the oil and gas company’s stock valued at $1,400,000 after buying an additional 75,332 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in McDermott International by 1,122.2% during the second quarter. BNP Paribas Arbitrage SA now owns 91,504 shares of the oil and gas company’s stock valued at $656,000 after buying an additional 84,017 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in McDermott International during the second quarter valued at approximately $17,846,000. Finally, Vanguard Group Inc. raised its stake in McDermott International by 3.2% during the first quarter. Vanguard Group Inc. now owns 22,983,621 shares of the oil and gas company’s stock valued at $155,139,000 after buying an additional 703,996 shares in the last quarter. Institutional investors and hedge funds own 84.35% of the company’s stock.
McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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