McDermott International (NYSE:MDR) Receives Coverage Optimism Score of 0.10

News headlines about McDermott International (NYSE:MDR) have been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. McDermott International earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.3793591032578 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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MDR stock traded up $0.13 during midday trading on Thursday, hitting $6.09. The company’s stock had a trading volume of 13,025,023 shares, compared to its average volume of 6,966,827. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.29. McDermott International has a 1 year low of $5.56 and a 1 year high of $9.07. The stock has a market cap of $1,786.56, a P/E ratio of 9.67 and a beta of 1.68.

McDermott International (NYSE:MDR) last issued its quarterly earnings results on Wednesday, February 21st. The oil and gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. McDermott International had a return on equity of 10.68% and a net margin of 5.98%. The firm had revenue of $718.10 million for the quarter, compared to analysts’ expectations of $744.57 million. During the same quarter in the prior year, the firm earned $0.02 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. analysts forecast that McDermott International will post 0.46 earnings per share for the current fiscal year.

MDR has been the topic of a number of recent research reports. Morgan Stanley reissued a “sell” rating on shares of McDermott International in a research note on Wednesday, December 20th. Zacks Investment Research raised McDermott International from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. KeyCorp upgraded McDermott International from a “sector weight” rating to an “overweight” rating in a report on Tuesday, January 23rd. Deutsche Bank decreased their price objective on McDermott International from $9.30 to $8.30 and set a “hold” rating for the company in a report on Thursday, February 22nd. Finally, Credit Suisse Group restated a “neutral” rating and set a $8.80 price objective (up previously from $7.30) on shares of McDermott International in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $8.87.

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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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