McDermott International (MDR) Earns Coverage Optimism Score of 0.17
Headlines about McDermott International (NYSE:MDR) have been trending somewhat positive on Friday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. McDermott International earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.7693499852018 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- McDermott International, Inc. (MDR) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- New Research: Key Drivers of Growth for Alliance Data, Activision Blizzard, Caterpillar, Fortinet, American Airlines Group, and McDermott International — Factors of Influence, Major Initiatives and Su (markets.financialcontent.com)
- Is McDermott International (MDR) a Great Stock for Value Investors? – Yahoo Finance (finance.yahoo.com)
- Beta Factor under Consideration – McDermott International, Inc., (NYSE: MDR) – Stock Watch (stocksnewstimes.com)
- Is McDermott International (MDR) a Great Stock for Value Investors? – Nasdaq (nasdaq.com)
Shares of McDermott International (MDR) opened at $7.26 on Friday. The company has a market cap of $2,070.42, a P/E ratio of 13.02 and a beta of 1.32. McDermott International has a 52-week low of $5.56 and a 52-week high of $8.33. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.30.
McDermott International (NYSE:MDR) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.19 by $0.14. The company had revenue of $958.50 million during the quarter, compared to the consensus estimate of $977.28 million. McDermott International had a net margin of 5.25% and a return on equity of 9.56%. The company’s quarterly revenue was up 71.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. research analysts expect that McDermott International will post 0.53 earnings per share for the current year.
MDR has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of McDermott International from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. KeyCorp reissued a “hold” rating on shares of McDermott International in a research report on Friday, August 25th. Deutsche Bank decreased their target price on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating for the company in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of McDermott International from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Finally, Scotiabank reissued a “buy” rating and set a $9.00 target price on shares of McDermott International in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. McDermott International currently has a consensus rating of “Hold” and an average price target of $7.94.
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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