Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of McDermott International from a hold rating to a strong-buy rating and set a $8.50 price objective for the company in a report on Thursday, July 20th. TheStreet upgraded shares of McDermott International from a c rating to a b- rating in a research report on Tuesday, July 25th. BidaskClub downgraded shares of McDermott International from a sell rating to a strong sell rating in a research report on Thursday, August 17th. UBS Group AG raised their price target on shares of McDermott International from $7.00 to $7.50 and gave the stock a neutral rating in a research report on Friday, November 3rd. Finally, Deutsche Bank AG cut their price objective on shares of McDermott International from $6.50 to $5.25 and set a hold rating on the stock in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $7.94.
McDermott International (NYSE MDR) opened at $7.40 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $2,076.10, a P/E ratio of 13.05 and a beta of 1.32. McDermott International has a one year low of $5.56 and a one year high of $8.33.
McDermott International (NYSE:MDR) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.14. The company had revenue of $958.50 million during the quarter, compared to analyst estimates of $977.28 million. McDermott International had a net margin of 5.25% and a return on equity of 9.56%. The business’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. research analysts forecast that McDermott International will post 0.53 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of MDR. BlackRock Inc. lifted its position in McDermott International by 109.1% during the 2nd quarter. BlackRock Inc. now owns 35,201,940 shares of the oil and gas company’s stock worth $252,397,000 after buying an additional 18,363,073 shares in the last quarter. Vanguard Group Inc. lifted its position in McDermott International by 31.0% during the 2nd quarter. Vanguard Group Inc. now owns 30,112,732 shares of the oil and gas company’s stock worth $215,909,000 after buying an additional 7,129,111 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in McDermott International by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,930,740 shares of the oil and gas company’s stock worth $150,072,000 after buying an additional 2,717,602 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in McDermott International during the 2nd quarter worth about $17,846,000. Finally, Bank of New York Mellon Corp lifted its position in McDermott International by 138.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,939,387 shares of the oil and gas company’s stock worth $28,246,000 after buying an additional 2,286,320 shares in the last quarter. Institutional investors and hedge funds own 82.80% of the company’s stock.
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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