Somewhat Favorable News Coverage Somewhat Unlikely to Affect McDermott International (MDR) Stock Price
Headlines about McDermott International (NYSE:MDR) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. McDermott International earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.2938719591449 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- McDermott International : to Present at the Johnson Rice & Company 2017 Energy Conference (4-traders.com)
- McDermott International (MDR) Shares Cross Above 200 DMA (nasdaq.com)
- McDermott to Present at the Johnson Rice & Company 2017 Energy … – GlobeNewswire (press release) (globenewswire.com)
- McDermott to Present at the Johnson Rice & Company 2017 Energy Conference (finance.yahoo.com)
- Short Interest in McDermott International, Inc. (MDR) Decreases By 10.9% (americanbankingnews.com)
MDR has been the topic of several research analyst reports. BidaskClub upgraded McDermott International from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. TheStreet upgraded McDermott International from a “c” rating to a “b-” rating in a research note on Tuesday, July 25th. KeyCorp reiterated a “hold” rating on shares of McDermott International in a research note on Friday, August 25th. Zacks Investment Research downgraded McDermott International from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Scotiabank reiterated a “buy” rating and issued a $9.00 price objective on shares of McDermott International in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.47.
McDermott International (MDR) traded up 1.45% during midday trading on Friday, hitting $7.01. The company’s stock had a trading volume of 1,601,675 shares. The company’s 50 day moving average price is $6.26 and its 200 day moving average price is $6.56. The firm has a market cap of $1.99 billion, a P/E ratio of 26.96 and a beta of 1.40. McDermott International has a 12 month low of $4.41 and a 12 month high of $8.33.
McDermott International (NYSE:MDR) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). McDermott International had a return on equity of 5.55% and a net margin of 2.95%. The company had revenue of $788.20 million during the quarter, compared to the consensus estimate of $856.54 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that McDermott International will post $0.42 EPS for the current 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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