Shares of McDermott International Inc (NYSE:MDR) have received an average recommendation of “Sell” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $7.00.
MDR has been the subject of a number of research reports. Bernstein Bank initiated coverage on shares of McDermott International in a research note on Tuesday. They set an “underperform” rating for the company. Sanford C. Bernstein initiated coverage on shares of McDermott International in a research note on Monday. They set an “underperform” rating for the company.
In other McDermott International news, insider Hook Sandra 714,285 shares of the business’s stock in a transaction that occurred on Monday, November 25th. Company insiders own 0.97% of the company’s stock.
Large investors have recently made changes to their positions in the business. Sippican Capital Advisors boosted its holdings in shares of McDermott International by 11.7% during the 3rd quarter. Sippican Capital Advisors now owns 62,901 shares of the oil and gas company’s stock valued at $127,000 after buying an additional 6,588 shares in the last quarter. Van Strum & Towne Inc. grew its holdings in McDermott International by 3.7% during the 3rd quarter. Van Strum & Towne Inc. now owns 194,627 shares of the oil and gas company’s stock worth $393,000 after acquiring an additional 6,924 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in McDermott International by 33.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 32,963 shares of the oil and gas company’s stock valued at $316,000 after acquiring an additional 8,255 shares in the last quarter. BB&T Securities LLC raised its holdings in McDermott International by 37.6% in the third quarter. BB&T Securities LLC now owns 31,909 shares of the oil and gas company’s stock worth $63,000 after purchasing an additional 8,717 shares in the last quarter. Finally, Prudential Financial Inc. increased its position in shares of McDermott International by 7.9% during the second quarter. Prudential Financial Inc. now owns 121,840 shares of the oil and gas company’s stock worth $1,177,000 after purchasing an additional 8,890 shares in the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.
Shares of NYSE MDR traded up $0.04 during mid-day trading on Tuesday, reaching $0.65. 136,054 shares of the company were exchanged, compared to its average volume of 16,218,186. The company’s 50-day simple moving average is $0.87 and its 200-day simple moving average is $3.65. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 7.01. The stock has a market capitalization of $129.10 million, a P/E ratio of -0.67 and a beta of 2.87. McDermott International has a twelve month low of $0.53 and a twelve month high of $10.99.
McDermott International (NYSE:MDR) last posted its earnings results on Monday, November 4th. The oil and gas company reported ($1.80) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($1.07). The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.45 billion. McDermott International had a negative return on equity of 349.92% and a negative net margin of 56.57%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.20 EPS. As a group, equities research analysts expect that McDermott International will post -0.33 EPS for the current year.
About McDermott International
McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.
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