Somewhat Favorable Media Coverage Somewhat Unlikely to Impact McDermott International (MDR) Share Price
Press coverage about McDermott International (NYSE:MDR) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. McDermott International earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.2095440974151 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of McDermott International (NYSE MDR) traded up 1.323% during mid-day trading on Thursday, reaching $7.275. 393,274 shares of the company’s stock traded hands. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 27.981 and a beta of 1.41. McDermott International has a 12 month low of $4.96 and a 12 month high of $8.33. The company has a 50 day moving average of $6.49 and a 200 day moving average of $6.61.
McDermott International (NYSE:MDR) last posted its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). The business had revenue of $788.20 million for the quarter, compared to the consensus estimate of $856.54 million. McDermott International had a return on equity of 5.55% and a net margin of 2.95%. McDermott International’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 earnings per share. Analysts expect that McDermott International will post $0.42 earnings per share for the current fiscal year.
Several research analysts recently weighed in on MDR shares. BidaskClub raised shares of McDermott International from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. TheStreet raised shares of McDermott International from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. KeyCorp reissued a “hold” rating on shares of McDermott International in a research note on Friday, August 25th. Scotiabank reissued a “buy” rating and set a $9.00 price objective on shares of McDermott International in a research note on Friday, July 28th. Finally, Zacks Investment Research raised shares of McDermott International from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective on the stock in a research note on Thursday, July 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $8.47.
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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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