McDermott International, Inc. (MDR) Stock Rating Reaffirmed by Scotiabank

McDermott International, Inc. (NYSE:MDR)‘s stock had its “buy” rating reissued by equities researchers at Scotiabank in a research note issued on Wednesday. They currently have a $9.00 target price on the oil and gas company’s stock.

A number of other equities analysts have also commented on the company. Zacks Investment Research lowered McDermott International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. Deutsche Bank AG lowered their price objective on McDermott International from $6.50 to $5.25 and set a “hold” rating on the stock in a research note on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of McDermott International in a research note on Friday, October 6th. BidaskClub lowered McDermott International from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Finally, TheStreet upgraded McDermott International from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. McDermott International has a consensus rating of “Hold” and an average price target of $8.01.

McDermott International (NYSE:MDR) last announced its earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.14. The company had revenue of $958.50 million for the quarter, compared to analyst estimates of $977.28 million. McDermott International had a return on equity of 9.56% and a net margin of 5.25%. The firm’s quarterly revenue was up 71.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share.

ILLEGAL ACTIVITY NOTICE: “McDermott International, Inc. (MDR) Stock Rating Reaffirmed by Scotiabank” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.com-unik.info/2017/11/03/mcdermott-international-inc-mdr-stock-rating-reaffirmed-by-scotiabank.html.

Several institutional investors and hedge funds have recently modified their holdings of MDR. Ameriprise Financial Inc. increased its stake in shares of McDermott International by 4.9% in the 1st quarter. Ameriprise Financial Inc. now owns 196,454 shares of the oil and gas company’s stock valued at $1,326,000 after purchasing an additional 9,183 shares during the last quarter. Wellington Management Group LLP bought a new position in shares of McDermott International in the 1st quarter valued at $1,324,000. Teachers Advisors LLC increased its stake in shares of McDermott International by 1.5% in the 1st quarter. Teachers Advisors LLC now owns 3,517,092 shares of the oil and gas company’s stock valued at $23,740,000 after purchasing an additional 51,712 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of McDermott International by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 22,983,621 shares of the oil and gas company’s stock valued at $155,139,000 after purchasing an additional 703,996 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of McDermott International by 19.0% in the 1st quarter. Geode Capital Management LLC now owns 3,226,768 shares of the oil and gas company’s stock valued at $21,779,000 after purchasing an additional 514,872 shares during the last quarter. Institutional investors own 85.09% of the company’s stock.

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.

Analyst Recommendations for McDermott International (NYSE:MDR)

What are top analysts saying about McDermott International Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for McDermott International Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit