Media coverage about McDermott International (NYSE:MDR) has been trending somewhat positive on Thursday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern 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 0.06 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 64 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Traders Observable Stocks: McDermott International, Inc. (MDR) closed Wednesday at $6.53 with 5.15%, Comerica … – The Momentous News (momentousnews.com)
- McDermott International, Inc. (MDR) registers a price change of 5.15% while Yamana Gold Inc. (AUY) finishes with a … – Stocks Gallery (stocksgallery.com)
- McDermott International, Inc. (MDR) is at $6.53 per share and Yamana Gold Inc. (AUY) is listed at $2.43 – Stocks Gallery (stocksgallery.com)
- Medidata Solutions Set to Join S&P MidCap 400; McDermott International to Join S&P SmallCap 600 – PR Newswire (press release) (prnewswire.com)
- Medidata Solutions (MDSO) to Join S&P MidCap 400; McDermott International (MDR) to Join S&P SmallCap 600 – StreetInsider.com (streetinsider.com)
A number of brokerages have recently issued reports on MDR. Scotiabank reaffirmed a “hold” rating on shares of McDermott International in a research note on Thursday, April 27th. BidaskClub raised McDermott International from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised McDermott International from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a research note on Friday, April 28th. Scotia Howard Weill upgraded McDermott International from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 25th. Finally, Howard Weil upgraded McDermott International from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $8.19.
McDermott International (NYSE:MDR) traded up 4.59% on Thursday, hitting $6.83. The stock had a trading volume of 10,576,866 shares. McDermott International has a one year low of $4.32 and a one year high of $8.33. The stock has a market cap of $1.94 billion, a P/E ratio of 34.15 and a beta of 1.44. The company’s 50-day moving average is $6.41 and its 200-day moving average is $7.02.
McDermott International (NYSE:MDR) last announced its earnings results on Tuesday, April 25th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.07. McDermott International had a return on equity of 4.75% and a net margin of 2.40%. The business had revenue of $519.40 million for the quarter, compared to analyst estimates of $689.30 million. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s revenue for the quarter was down 28.8% compared to the same quarter last year. On average, analysts anticipate 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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