McDermott International, Inc. (NYSE:MDR) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other brokerages have also issued reports on MDR. Zacks Investment Research lowered McDermott International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Scotiabank reissued a “hold” rating on shares of McDermott International in a research note on Thursday, April 27th. Scotia Howard Weill raised McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 25th. Howard Weil raised McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 25th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $7.00 price objective (down previously from $8.00) on shares of McDermott International in a research note on Saturday, April 22nd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $8.19.

McDermott International (NYSE MDR) traded down 0.69% during midday trading on Thursday, reaching $7.23. 3,799,791 shares of the company traded hands. The stock has a market capitalization of $2.05 billion, a P/E ratio of 36.15 and a beta of 1.38. The firm has a 50-day moving average of $6.48 and a 200-day moving average of $7.00. McDermott International has a 1-year low of $4.41 and a 1-year high of $8.33.

McDermott International (NYSE:MDR) last posted its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.07. The business had revenue of $519.40 million during the quarter, compared to analysts’ expectations of $689.30 million. McDermott International had a return on equity of 4.75% and a net margin of 2.40%. The business’s revenue was down 28.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. On average, analysts predict that McDermott International will post $0.42 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. HighTower Advisors LLC increased its stake in shares of McDermott International by 13.0% in the first quarter. HighTower Advisors LLC now owns 17,396 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 2,000 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of McDermott International by 8.4% in the first quarter. Tudor Investment Corp ET AL now owns 36,018 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 2,787 shares during the period. Baker Avenue Asset Management LP increased its stake in shares of McDermott International by 13.9% in the first quarter. Baker Avenue Asset Management LP now owns 116,414 shares of the oil and gas company’s stock valued at $786,000 after buying an additional 14,250 shares during the period. AQR Capital Management LLC increased its stake in shares of McDermott International by 67.6% in the first quarter. AQR Capital Management LLC now owns 1,015,198 shares of the oil and gas company’s stock valued at $6,853,000 after buying an additional 409,495 shares during the period. Finally, Highbridge Capital Management LLC bought a new stake in shares of McDermott International during the first quarter valued at $1,934,000. Institutional investors own 73.91% 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.

Analyst Recommendations for McDermott International (NYSE:MDR)

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