Several other research firms also recently issued reports on MDR. Zacks Investment Research downgraded shares of McDermott International from a hold rating to a strong sell rating in a report on Wednesday, October 25th. Credit Suisse Group dropped their price objective on shares of McDermott International from $7.60 to $7.30 and set a neutral rating on the stock in a report on Thursday, November 2nd. TheStreet upgraded shares of McDermott International from a c rating to a b- rating in a report on Tuesday, July 25th. Scotiabank restated a buy rating and set a $9.00 price objective on shares of McDermott International in a report on Friday, July 28th. Finally, BidaskClub cut shares of McDermott International from a hold rating to a sell rating in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $7.94.
McDermott International (MDR) opened at $7.64 on Friday. McDermott International has a twelve month low of $5.25 and a twelve month high of $8.33. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2,169.83, a PE ratio of 13.64 and a beta of 1.32.
McDermott International (NYSE:MDR) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.14. McDermott International had a net margin of 5.25% and a return on equity of 9.56%. The company had revenue of $958.50 million for the quarter, compared to the consensus estimate of $977.28 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue was up 71.6% compared to the same quarter last year. equities research analysts forecast that McDermott International will post 0.52 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in McDermott International by 28.2% in the third quarter. Wells Fargo & Company MN now owns 378,068 shares of the oil and gas company’s stock valued at $2,747,000 after buying an additional 83,096 shares in the last quarter. Trexquant Investment LP acquired a new position in McDermott International in the third quarter valued at about $590,000. Legal & General Group Plc boosted its position in McDermott International by 1.5% in the third quarter. Legal & General Group Plc now owns 845,887 shares of the oil and gas company’s stock valued at $6,149,000 after buying an additional 12,300 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in McDermott International by 20.1% in the third quarter. Great West Life Assurance Co. Can now owns 537,560 shares of the oil and gas company’s stock valued at $3,913,000 after buying an additional 90,088 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in McDermott International by 13.2% in the third quarter. Nordea Investment Management AB now owns 1,061,865 shares of the oil and gas company’s stock valued at $7,720,000 after buying an additional 123,719 shares in the last quarter. 84.35% of the stock is currently owned by institutional investors and hedge funds.
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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