News coverage about McDermott International (NYSE:MDR) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. McDermott International earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 44.5916642553241 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
Shares of McDermott International (NYSE MDR) traded up $0.18 during trading on Thursday, hitting $7.70. The stock had a trading volume of 7,471,788 shares, compared to its average volume of 6,728,298. The firm has a market capitalization of $2,180.00, a price-to-earnings ratio of 14.53 and a beta of 1.35. 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 $5.56 and a 12 month high of $8.33.
McDermott International (NYSE:MDR) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.14. The firm had revenue of $958.50 million for the quarter, compared to analyst estimates of $977.28 million. McDermott International had a return on equity of 9.56% and a net margin of 5.25%. McDermott International’s quarterly revenue was up 71.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 earnings per share. equities analysts anticipate that McDermott International will post 0.53 earnings per share for the current fiscal year.
A number of research firms recently issued reports on MDR. Zacks Investment Research lowered McDermott International from a “hold” rating to a “sell” rating in a research report on Monday. Scotiabank restated a “buy” rating and set a $9.00 price objective on shares of McDermott International in a research report on Wednesday, November 1st. Deutsche Bank reduced their price target on McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a research report on Tuesday, October 24th. KeyCorp reiterated a “hold” rating on shares of McDermott International in a research report on Friday, October 6th. Finally, ValuEngine upgraded McDermott International from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $7.59.
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About McDermott International
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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