News stories about McDermott International (NYSE:MDR) have been trending somewhat positive on Sunday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. McDermott International earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.8594117404715 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of research firms have issued reports on MDR. ValuEngine downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Alembic Global Advisors set a $11.00 price objective on shares of McDermott International and gave the company a “buy” rating in a report on Thursday, February 22nd. Credit Suisse Group reissued a “neutral” rating and issued a $8.80 price objective (up previously from $7.30) on shares of McDermott International in a report on Thursday, February 22nd. Finally, Deutsche Bank cut their price objective on shares of McDermott International from $9.30 to $8.30 and set a “hold” rating for the company in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $8.87.
Shares of McDermott International stock traded down $0.27 on Friday, reaching $5.61. 22,478,048 shares of the stock were exchanged, compared to its average volume of 8,025,615. McDermott International has a one year low of $5.38 and a one year high of $9.07. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.29. The company has a market cap of $1,593.42, a PE ratio of 8.77 and a beta of 1.86.
McDermott International (NYSE:MDR) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. McDermott International had a net margin of 5.98% and a return on equity of 10.68%. The company had revenue of $718.10 million during the quarter, compared to the consensus estimate of $744.57 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. research analysts forecast that McDermott International will post 0.46 earnings per share for the current year.
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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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