McDermott International, Inc. (NYSE:MDR) has been given an average rating of “Hold” by the twelve analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.05.

A number of analysts have recently commented on the company. BidaskClub lowered McDermott International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine lowered McDermott International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Howard Weil raised McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 25th. Zacks Investment Research raised McDermott International from a “hold” rating to a “strong-buy” rating and set a $8.50 price target on the stock in a research note on Thursday, July 20th. Finally, Scotiabank reissued a “buy” rating and set a $9.00 price target on shares of McDermott International in a research note on Friday, July 28th.

Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in McDermott International by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 19,593 shares of the oil and gas company’s stock worth $140,000 after buying an additional 457 shares in the last quarter. Federated Investors Inc. PA raised its position in McDermott International by 2.0% in the second quarter. Federated Investors Inc. PA now owns 23,565 shares of the oil and gas company’s stock worth $169,000 after buying an additional 468 shares in the last quarter. ProShare Advisors LLC raised its position in McDermott International by 3.7% in the second quarter. ProShare Advisors LLC now owns 29,734 shares of the oil and gas company’s stock worth $213,000 after buying an additional 1,074 shares in the last quarter. Pitcairn Co. raised its position in McDermott International by 3.1% in the second quarter. Pitcairn Co. now owns 64,663 shares of the oil and gas company’s stock worth $464,000 after buying an additional 1,922 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in 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 worth $117,000 after buying an additional 2,000 shares in the last quarter. 76.55% of the stock is currently owned by institutional investors.

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McDermott International (NYSE MDR) traded up 2.25% during trading on Tuesday, reaching $5.90. 1,995,267 shares of the company’s stock traded hands. The firm’s 50 day moving average is $6.66 and its 200-day moving average is $6.73. McDermott International has a 12 month low of $4.41 and a 12 month high of $8.33. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 22.69 and a beta of 1.37.

McDermott International (NYSE:MDR) last released its earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $788.20 million during the quarter, compared to the consensus estimate of $856.54 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Analysts expect that McDermott International will post $0.42 EPS for the current fiscal year.

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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