McDermott International, Inc. (MDR) Set to Announce Earnings on Tuesday
McDermott International, Inc. (NYSE:MDR) is set to post its Q416 quarterly earnings results on Tuesday, February 21st. Analysts expect McDermott International to post earnings of ($0.01) per share and revenue of $614.01 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
McDermott International, Inc. (NYSE:MDR) opened at 8.02 on Friday. The stock’s 50 day moving average price is $7.78 and its 200-day moving average price is $6.19. McDermott International, Inc. has a 52-week low of $2.39 and a 52-week high of $8.33. The stock has a market capitalization of $1.94 billion, a PE ratio of 135.93 and a beta of 1.52.
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MDR has been the topic of several recent analyst reports. TheStreet raised McDermott International from a “sell” rating to a “hold” rating in a research report on Monday, October 24th. Deutsche Bank AG upped their target price on McDermott International from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. Zacks Investment Research lowered McDermott International from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 2nd. Credit Suisse Group upped their target price on McDermott International from $5.45 to $8.80 and gave the company a “neutral” rating in a research report on Tuesday, January 31st. Finally, Citigroup Inc. upped their target price on McDermott International from $6.00 to $8.00 and gave the company a “neutral” rating in a research report on Monday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $6.78.
McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI) and module fabrication services for upstream field developments. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects.
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