McDermott International Inc (NYSE:MDR) has been given an average recommendation of “Hold” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $24.67.

A number of research firms recently issued reports on MDR. TheStreet downgraded shares of McDermott International from a “c-” rating to a “d” rating in a research report on Monday, March 11th. ValuEngine raised shares of McDermott International from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research raised shares of McDermott International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

Large investors have recently modified their holdings of the business. Penserra Capital Management LLC grew its position in McDermott International by 96.8% in the fourth quarter. Penserra Capital Management LLC now owns 5,368 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 2,640 shares in the last quarter. BB&T Securities LLC acquired a new stake in McDermott International in the fourth quarter valued at approximately $66,000. Oregon Public Employees Retirement Fund grew its position in McDermott International by 554.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 463,483 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 392,614 shares in the last quarter. HRT Financial LLC acquired a new stake in McDermott International in the fourth quarter valued at approximately $72,000. Finally, Brave Asset Management Inc. acquired a new stake in McDermott International in the fourth quarter valued at approximately $78,000. 88.60% of the stock is owned by institutional investors.

Shares of NYSE MDR traded down $0.58 on Monday, reaching $9.92. 4,341,627 shares of the company traded hands, compared to its average volume of 4,936,572. McDermott International has a fifty-two week low of $6.10 and a fifty-two week high of $23.36. The company has a debt-to-equity ratio of 4.20, a current ratio of 0.72 and a quick ratio of 0.70. The company has a market cap of $1.79 billion, a P/E ratio of -10.02 and a beta of 2.73.

McDermott International (NYSE:MDR) last posted its earnings results on Monday, February 25th. The oil and gas company reported ($1.55) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($1.76). The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.64 billion. McDermott International had a negative return on equity of 3.20% and a negative net margin of 40.07%. The firm’s revenue for the quarter was up 188.7% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. As a group, equities research analysts anticipate that McDermott International will post 1.69 EPS for the current year.

About McDermott International

McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.

Read More: Lock-Up Period Expiration

Receive News & Ratings for McDermott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDermott International and related companies with MarketBeat.com's FREE daily email newsletter.