McDermott International, Inc. (NYSE:MDR) was upgraded by TheStreet from a “c” rating to a “b-” rating in a research note issued on Tuesday.

Several other analysts also recently commented on the stock. BidaskClub downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a research report on Monday. 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 research report on Thursday, July 20th. ValuEngine downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th. Scotiabank raised shares of McDermott International from a “sector perform” rating to a “buy” rating and set a $9.00 price objective for the company in a research report on Thursday, May 25th. Finally, Scotia Howard Weill raised shares of McDermott International from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 25th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. McDermott International currently has an average rating of “Buy” and an average price target of $7.89.

McDermott International (NYSE:MDR) traded up 1.32% on Tuesday, hitting $6.90. 3,221,175 shares of the stock traded hands. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 34.50 and a beta of 1.38. The stock has a 50-day moving average price of $6.97 and a 200 day moving average price of $6.96. McDermott International has a 1-year low of $4.41 and a 1-year high of $8.33.

McDermott International (NYSE:MDR) last announced its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by $0.03. The company had revenue of $788.20 million for the quarter, compared to analyst estimates of $856.54 million. McDermott International had a return on equity of 4.75% and a net margin of 2.40%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. On average, analysts anticipate that McDermott International will post $0.42 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of MDR. Vanguard Group Inc. increased its stake in McDermott International by 3.2% in the first quarter. Vanguard Group Inc. now owns 22,983,621 shares of the oil and gas company’s stock valued at $155,139,000 after buying an additional 703,996 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in McDermott International by 31.9% in the first quarter. Dimensional Fund Advisors LP now owns 18,213,138 shares of the oil and gas company’s stock valued at $122,938,000 after buying an additional 4,409,387 shares during the last quarter. BlackRock Inc. increased its stake in McDermott International by 14,922.4% in the first quarter. BlackRock Inc. now owns 16,838,867 shares of the oil and gas company’s stock valued at $113,663,000 after buying an additional 16,726,775 shares during the last quarter. LSV Asset Management increased its stake in McDermott International by 57.5% in the first quarter. LSV Asset Management now owns 13,213,796 shares of the oil and gas company’s stock valued at $89,193,000 after buying an additional 4,822,700 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in McDermott International by 67.7% in the first quarter. Acadian Asset Management LLC now owns 7,579,874 shares of the oil and gas company’s stock valued at $51,165,000 after buying an additional 3,058,732 shares during the last quarter. 73.98% of the stock is owned by institutional investors and hedge funds.

About McDermott International

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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