McDermott International (NYSE:MDR) Earning Somewhat Favorable Media Coverage, Analysis Finds
News articles about McDermott International (NYSE:MDR) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McDermott International earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 46.4489199347433 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Hotchkis & Wiley Capital Management LLC Bought A Little More McDermott International, Inc. (MDR) Stock In The Last … – Modern Readers (modernreaders.com)
- Institutional Ownership And Insider Trading At McDermott International, Inc. (MDR) – Economic News (economicsandmoney.com)
- Zacks: Brokerages Anticipate McDermott International, Inc. (MDR) Will Announce Earnings of $0.19 Per Share (americanbankingnews.com)
- McDermott International, Inc. (MDR) Holdings Up in Latest Report from Lsv Asset Management – Modern Readers (modernreaders.com)
- McDermott International, Inc. (NYSE:MDR)’s Sparking Facts Gather By Returns Ratio Analysis- Dollar Tree, Inc. (DLTR) – Investing News Update (investingbizz.com)
A number of equities analysts recently weighed in on MDR shares. Scotiabank raised McDermott International from a “sector perform” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Thursday, May 25th. BidaskClub raised McDermott International from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. TheStreet raised McDermott International from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. Scotia Howard Weill raised McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, May 25th. Finally, Zacks Investment Research cut McDermott International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $8.29.
Shares of McDermott International (NYSE MDR) traded down 0.32% during midday trading on Friday, reaching $6.19. The company’s stock had a trading volume of 2,974,499 shares. McDermott International has a 12 month low of $4.41 and a 12 month high of $8.33. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 23.81 and a beta of 1.37. The stock has a 50-day moving average of $7.03 and a 200 day moving average of $6.90.
McDermott International (NYSE:MDR) last issued its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by $0.03. McDermott International had a net margin of 2.95% and a return on equity of 5.55%. The company had revenue of $788.20 million for the quarter, compared to analyst estimates of $856.54 million. During the same period last year, the company posted $0.07 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that McDermott International will post $0.42 earnings per share for the current fiscal year.
McDermott International Company Profile
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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