McDermott International, Inc. (NYSE:MDR) has earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.05.

MDR has been the subject of a number of recent research reports. TheStreet upgraded shares of McDermott International from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Scotiabank upgraded 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 report on Thursday, May 25th. BidaskClub upgraded shares of McDermott International from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine cut shares of McDermott International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research cut shares of McDermott International from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th.

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A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in McDermott International by 109.1% during the 2nd quarter. BlackRock Inc. now owns 35,201,940 shares of the oil and gas company’s stock worth $252,397,000 after acquiring an additional 18,363,073 shares during the last quarter. Vanguard Group Inc. lifted its position in McDermott International by 31.0% during the 2nd quarter. Vanguard Group Inc. now owns 30,112,732 shares of the oil and gas company’s stock worth $215,909,000 after acquiring an additional 7,129,111 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in McDermott International by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,930,740 shares of the oil and gas company’s stock worth $150,072,000 after acquiring an additional 2,717,602 shares during the last quarter. LSV Asset Management lifted its position in McDermott International by 9.5% during the 2nd quarter. LSV Asset Management now owns 14,466,996 shares of the oil and gas company’s stock worth $103,728,000 after acquiring an additional 1,253,200 shares during the last quarter. Finally, State Street Corp lifted its position in McDermott International by 37.3% during the 2nd quarter. State Street Corp now owns 8,384,938 shares of the oil and gas company’s stock worth $60,118,000 after acquiring an additional 2,277,274 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Shares of McDermott International (NYSE:MDR) traded down 1.48% on Friday, hitting $6.64. The company had a trading volume of 4,255,937 shares. McDermott International has a 12-month low of $4.41 and a 12-month high of $8.33. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 25.54 and a beta of 1.40. The company has a 50 day moving average of $6.26 and a 200-day moving average of $6.57.

McDermott International (NYSE:MDR) last posted its quarterly earnings results 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). McDermott International had a net margin of 2.95% and a return on equity of 5.55%. The company had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $856.54 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. On average, analysts forecast that McDermott International will post $0.42 earnings per share for the current year.

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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