McDermott International (MDR) Stock Rating Lowered by ValuEngine

McDermott International (NYSE:MDR) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Several other equities research analysts have also recently commented on the company. Zacks Investment Research cut McDermott International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Morgan Stanley reissued a “sell” rating on shares of McDermott International in a research note on Wednesday, December 20th. UBS Group lifted their target price on McDermott International from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Friday, November 3rd. KeyCorp reissued a “hold” rating on shares of McDermott International in a research note on Friday, October 6th. Finally, Scotiabank reissued a “buy” rating and issued a $9.00 target price on shares of McDermott International in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.93.

McDermott International (MDR) traded down $0.44 during mid-day trading on Friday, reaching $8.25. The company had a trading volume of 11,070,000 shares, compared to its average volume of 9,280,000. McDermott International has a 12-month low of $5.56 and a 12-month high of $9.07. The firm has a market cap of $2,340.00, a PE ratio of 15.57 and a beta of 1.58. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.70 and a quick ratio of 1.70.

McDermott International (NYSE:MDR) last released its earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.14. The company had revenue of $958.50 million during the quarter, compared to analysts’ expectations of $977.28 million. McDermott International had a return on equity of 9.56% and a net margin of 5.25%. The business’s revenue for the quarter was up 71.6% on a year-over-year basis. During the same period last year, the firm earned $0.09 EPS. equities research analysts forecast that McDermott International will post 0.61 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of McDermott International by 93.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,937 shares of the oil and gas company’s stock worth $111,000 after purchasing an additional 8,176 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of McDermott International in the 3rd quarter worth $112,000. Meeder Asset Management Inc. boosted its position in shares of McDermott International by 234.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 11,310 shares during the last quarter. Koch Industries Inc. boosted its position in shares of McDermott International by 711.3% in the 2nd quarter. Koch Industries Inc. now owns 164,323 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 144,069 shares during the last quarter. Finally, Bank of Stockton bought a new position in shares of McDermott International in the 4th quarter worth $163,000. Institutional investors and hedge funds own 85.17% of the company’s stock.

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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.

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Analyst Recommendations for McDermott International (NYSE:MDR)

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