Media stories about McDermott International (NYSE:MDR) have trended positive recently, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. McDermott International earned a news sentiment score of 0.42 on Alpha One’s scale. Alpha One also gave news headlines about the oil and gas company an impact score of 70 out of 100, indicating that recent press coverage is likely to have an impact on the stock’s share price in the immediate future.
A number of equities analysts have recently weighed in on MDR shares. Citigroup Inc upped their price target on shares of McDermott International from $6.00 to $8.00 and gave the stock a “neutral” rating in a research note on Monday, January 23rd. Credit Suisse Group AG upped their price target on shares of McDermott International from $5.45 to $8.80 and gave the stock a “neutral” rating in a research note on Tuesday, January 31st. Scotiabank set a $9.00 price target on shares of McDermott International and gave the stock a “hold” rating in a research note on Friday, March 31st. Deutsche Bank AG reissued a “hold” rating and set a $7.00 target price (down from $8.00) on shares of McDermott International in a research report on Saturday, April 22nd. Finally, Zacks Investment Research raised shares of McDermott International from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a research report on Friday, April 28th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. McDermott International currently has an average rating of “Hold” and an average price target of $8.19.
Shares of McDermott International (NYSE:MDR) opened at 6.53 on Friday. McDermott International has a 12-month low of $4.32 and a 12-month high of $8.33. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 32.65 and a beta of 1.52. The stock’s 50 day moving average is $6.55 and its 200 day moving average is $6.94.
McDermott International (NYSE:MDR) last announced its quarterly earnings results on Tuesday, April 25th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.07. McDermott International had a net margin of 0.60% and a return on equity of 6.41%. The firm had revenue of $519.40 million during the quarter, compared to analysts’ expectations of $689.30 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was down 28.8% on a year-over-year basis. Equities analysts expect that McDermott International will post $0.42 earnings per share for the current year.
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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