Cameron International SVP James E. Wright Sells 10,000 Shares (CAM)
Cameron International (NYSE:CAM) SVP James E. Wright unloaded 10,000 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $67.50, for a total transaction of $675,000.00. Following the completion of the sale, the senior vice president now directly owns 48,158 shares of the company’s stock, valued at approximately $3,250,665. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cameron International in a research note on Thursday, May 1st. They now have a $68.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Cameron International from $64.00 to $71.00 in a research note on Monday, April 28th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Cameron International from $82.00 to $87.00 in a research note on Friday, April 25th. They now have an “overweight” rating on the stock. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $72.94.
Shares of Cameron International (NYSE:CAM) traded down 0.19% during mid-day trading on Tuesday, hitting $67.62. 381,717 shares of the company’s stock traded hands. Cameron International has a 1-year low of $52.50 and a 1-year high of $68.54. The stock’s 50-day moving average is $64.61 and its 200-day moving average is $61.73. The company has a market cap of $13.807 billion and a price-to-earnings ratio of 24.11.
Cameron International (NYSE:CAM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.69 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Cameron International will post $3.92 earnings per share for the current fiscal year.
Cameron International Corporation provides flow equipment products, systems and services to worldwide oil, gas and process industries.
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