McDermott International Inc (NYSE:MDR) shares reached a new 52-week low on Friday . The stock traded as low as $6.01 and last traded at $6.04, with a volume of 89243 shares traded. The stock had previously closed at $6.20.

MDR has been the subject of several research analyst reports. ValuEngine raised McDermott International from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. TheStreet lowered McDermott International from a “c-” rating to a “d” rating in a research report on Monday, March 11th. Finally, Zacks Investment Research lowered McDermott International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.50.

The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.61. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -6.28 and a beta of 2.73.

McDermott International (NYSE:MDR) last posted its quarterly earnings data on Monday, April 29th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.07). McDermott International had a negative return on equity of 5.13% and a negative net margin of 33.44%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue was up 263.7% on a year-over-year basis. As a group, equities analysts anticipate that McDermott International Inc will post 1.66 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in McDermott International by 174.2% in the 4th quarter. Squarepoint Ops LLC now owns 217,562 shares of the oil and gas company’s stock valued at $1,423,000 after buying an additional 138,211 shares in the last quarter. Thornburg Investment Management Inc. increased its position in McDermott International by 8.6% in the 4th quarter. Thornburg Investment Management Inc. now owns 1,185,217 shares of the oil and gas company’s stock valued at $7,751,000 after buying an additional 93,426 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in McDermott International in the 1st quarter valued at about $1,906,000. Rhumbline Advisers increased its position in McDermott International by 65.1% in the 4th quarter. Rhumbline Advisers now owns 542,398 shares of the oil and gas company’s stock valued at $3,547,000 after buying an additional 213,863 shares in the last quarter. Finally, First Trust Advisors LP increased its position in McDermott International by 91.6% in the 4th quarter. First Trust Advisors LP now owns 245,657 shares of the oil and gas company’s stock valued at $1,607,000 after buying an additional 117,412 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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McDermott International Company Profile (NYSE:MDR)

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.

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