Share on StockTwits

Cameron International (NYSE:CAM) General Counsel William C. Lemmer sold 18,039 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $74.50, for a total value of $1,343,905.50. Following the transaction, the general counsel now directly owns 61,187 shares of the company’s stock, valued at approximately $4,558,432. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

CAM has been the subject of a number of recent research reports. Analysts at Morgan Stanley raised their price target on shares of Cameron International from $75.00 to $80.00 in a research note on Monday, July 28th. Separately, analysts at Howard Weil raised their price target on shares of Cameron International from $70.00 to $81.00 in a research note on Monday, July 28th. They now have a “sector outperform” rating on the stock. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Cameron International in a research note on Friday, July 25th. They now have a $87.00 price target on the stock, up previously from $83.00. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Cameron International has an average rating of “Buy” and a consensus target price of $78.30.

Shares of Cameron International (NYSE:CAM) traded down 0.75% during mid-day trading on Tuesday, hitting $73.77. The stock had a trading volume of 1,906,347 shares. Cameron International has a 52 week low of $52.50 and a 52 week high of $74.53. The stock has a 50-day moving average of $71.65 and a 200-day moving average of $65.94. The company has a market cap of $14.968 billion and a price-to-earnings ratio of 22.52.

Cameron International (NYSE:CAM) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.13. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. On average, analysts predict that Cameron International will post $4.15 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.