McDermott International (MDR) Earning Somewhat Favorable Media Coverage, Study Shows

Media stories about McDermott International (NYSE:MDR) have been trending somewhat positive this week, according to Accern Sentiment. Accern scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McDermott International earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 46.198315262707 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

McDermott International (NYSE MDR) traded up 2.85% during mid-day trading on Friday, hitting $6.49. 3,072,836 shares of the stock were exchanged. McDermott International has a 52 week low of $4.96 and a 52 week high of $8.33. The company’s 50-day moving average price is $6.82 and its 200 day moving average price is $6.63. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 24.96 and a beta of 1.41.

MDR has been the subject of several analyst reports. BidaskClub upgraded shares of McDermott International from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research upgraded shares of McDermott International from a “hold” rating to a “strong-buy” rating and set a $8.50 target price for the company in a report on Thursday, July 20th. TheStreet upgraded shares of McDermott International from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Scotiabank reiterated a “buy” rating and set a $9.00 target price on shares of McDermott International in a report on Friday, July 28th. Finally, KeyCorp reiterated a “hold” rating on shares of McDermott International in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. McDermott International presently has an average rating of “Hold” and an average price target of $8.22.

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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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