Media stories about McDermott International (NYSE:MDR) have been trending somewhat positive on Friday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. McDermott International earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.281172941641 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Oil States (OIS) to Acquire GEODynamics for $525 Million (zacks.com)
- Contrasting Helix Energy Solutions Group (HLX) & McDermott International (MDR) (americanbankingnews.com)
- McDermott International, Inc. (MDR) Swings on Assorted Ratio Analysis – United Parcel Service, Inc. (UPS) – Investing News Update (investingbizz.com)
- Retorts Its Active Position on Unparallel Developments: McDermott International, Inc. (NYSE:MDR) – Stock News Stop (stockmarketstop.com)
- Most Shocking Stock Movements: American Tower Corporation (REIT) (AMT), McDermott International, Inc. (MDR) – Market Movers (financialqz.com)
MDR has been the subject of a number of research analyst reports. BidaskClub downgraded McDermott International from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. KeyCorp reaffirmed a “hold” rating on shares of McDermott International in a report on Friday, August 25th. Deutsche Bank lowered their price target on McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a report on Tuesday, October 24th. Zacks Investment Research downgraded McDermott International from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 25th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $9.00 price target on shares of McDermott International in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.94.
Shares of McDermott International (NYSE MDR) opened at $7.26 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.30. McDermott International has a 52 week low of $5.56 and a 52 week high of $8.33. The firm has a market capitalization of $2,101.67, a P/E ratio of 13.21 and a beta of 1.35.
McDermott International (NYSE:MDR) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.14. McDermott International had a return on equity of 9.56% and a net margin of 5.25%. The company had revenue of $958.50 million during the quarter, compared to analysts’ expectations of $977.28 million. During the same quarter in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 71.6% on a year-over-year basis. equities research analysts expect that McDermott International will post 0.53 EPS for the current year.
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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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