McDermott International, Inc. (NYSE:MDR)‘s stock had its “hold” rating reaffirmed by equities research analysts at KeyCorp in a report released on Friday.
Other equities research analysts have also issued research reports about the company. TheStreet upgraded McDermott International from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Scotiabank restated a “buy” rating and set a $9.00 price objective on shares of McDermott International in a research note on Friday, July 28th. Deutsche Bank AG lowered their price objective on McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a research note on Tuesday, October 24th. BidaskClub lowered McDermott International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research upgraded McDermott International from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. McDermott International currently has a consensus rating of “Hold” and a consensus target price of $7.94.
Shares of McDermott International (NYSE:MDR) opened at $7.64 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.30. McDermott International has a 12 month low of $5.25 and a 12 month high of $8.33. The stock has a market capitalization of $2,175.51, a PE ratio of 13.68 and a beta of 1.32.
McDermott International (NYSE:MDR) last posted its earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. McDermott International had a return on equity of 9.56% and a net margin of 5.25%. The business had revenue of $958.50 million during the quarter, compared to analyst estimates of $977.28 million. During the same quarter last year, the firm earned $0.09 earnings per share. The company’s revenue for the quarter was up 71.6% compared to the same quarter last year. analysts expect that McDermott International will post 0.52 EPS for the current year.
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Institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of McDermott International in the 2nd quarter worth approximately $106,000. Meeder Asset Management Inc. grew its position in shares of McDermott International by 234.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 11,310 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of McDermott International in the 2nd quarter worth approximately $116,000. HighTower Advisors LLC grew its position in shares of McDermott International by 13.0% in the 1st quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 2,000 shares in the last quarter. Finally, World Asset Management Inc acquired a new position in shares of McDermott International in the 2nd quarter worth approximately $134,000. Institutional investors own 85.42% 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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