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McDermott International (NYSE:MDR) Director John F. Bookout III purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average price of $7.71 per share, with a total value of $385,500.00. Following the completion of the acquisition, the director now directly owns 275,168 shares of the company’s stock, valued at approximately $2,121,545. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

MDR has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of McDermott International in a research note on Friday, May 23rd. They now have a $7.50 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of McDermott International from a “sell” rating to a “neutral” rating in a research note on Monday, May 19th. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of McDermott International in a research note on Thursday, May 8th. They now have a $7.00 price target on the stock, down previously from $8.00. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $8.50.

McDermott International (NYSE:MDR) traded down 0.13% on Tuesday, hitting $7.73. The stock had a trading volume of 2,793,935 shares. McDermott International has a 52-week low of $6.58 and a 52-week high of $9.36. The stock has a 50-day moving average of $7.16 and a 200-day moving average of $7.88. The company’s market cap is $1.836 billion.

McDermott International (NYSE:MDR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.21) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.09. The company had revenue of $603.80 million for the quarter, compared to the consensus estimate of $664.56 million. During the same quarter last year, the company posted $0.09 earnings per share. McDermott International’s revenue was down 25.2% compared to the same quarter last year. Analysts expect that McDermott International will post $-0.40 EPS for the current fiscal year.

McDermott International, Inc (NYSE:MDR) is a engineering, procurement, construction and installation (EPCI) company.

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