McDermott International, Inc. (NYSE:MDR) has earned a consensus rating of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $8.22.
Several analysts have commented on the company. Howard Weil raised McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 25th. Scotia Howard Weill raised McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 25th. Scotiabank reaffirmed a “hold” rating on shares of McDermott International in a research note on Thursday, April 27th. BidaskClub raised McDermott International from a “strong sell” rating to a “sell” rating in a research note on Tuesday. Finally, Zacks Investment Research raised McDermott International from a “hold” rating to a “strong-buy” rating and set a $7.75 price objective for the company in a research note on Friday, April 28th.
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Several large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC boosted its stake in McDermott International by 13.0% in the first quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company’s stock worth $117,000 after buying an additional 2,000 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in McDermott International by 8.4% in the first quarter. Tudor Investment Corp ET AL now owns 36,018 shares of the oil and gas company’s stock worth $243,000 after buying an additional 2,787 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in McDermott International by 13.9% in the first quarter. Baker Avenue Asset Management LP now owns 116,414 shares of the oil and gas company’s stock worth $786,000 after buying an additional 14,250 shares in the last quarter. AQR Capital Management LLC boosted its stake in McDermott International by 67.6% in the first quarter. AQR Capital Management LLC now owns 1,015,198 shares of the oil and gas company’s stock worth $6,853,000 after buying an additional 409,495 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in McDermott International during the first quarter worth $1,934,000. Institutional investors and hedge funds own 73.84% of the company’s stock.
McDermott International (NYSE:MDR) traded down 0.48% during midday trading on Tuesday, hitting $6.28. The company’s stock had a trading volume of 4,761,786 shares. McDermott International has a one year low of $4.32 and a one year high of $8.33. The company’s 50-day moving average is $6.42 and its 200 day moving average is $7.02. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 31.40 and a beta of 1.44.
McDermott International (NYSE:MDR) last posted its earnings results on Tuesday, April 25th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. McDermott International had a return on equity of 4.75% and a net margin of 2.40%. The business had revenue of $519.40 million during the quarter, compared to the consensus estimate of $689.30 million. During the same period in the previous year, the business earned $0.13 EPS. The business’s quarterly revenue was down 28.8% on a year-over-year basis. On average, analysts predict that McDermott International will post $0.42 EPS for the current year.
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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