McDermott International (MDR) Sets New 12-Month Low at $5.94

McDermott International Inc (NYSE:MDR)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $5.94 and last traded at $5.95, with a volume of 7957 shares traded. The stock had previously closed at $6.12.

A number of research firms recently issued reports on MDR. TheStreet cut shares of McDermott International from a “c-” rating to a “d” rating in a research report on Monday, March 11th. ValuEngine upgraded shares of McDermott International from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, Zacks Investment Research cut shares of McDermott International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. McDermott International currently has a consensus rating of “Hold” and an average price target of $23.50.

The stock has a market capitalization of $1.08 billion, a PE ratio of -6.10 and a beta of 2.73. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 5.61.

McDermott International (NYSE:MDR) last announced its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.07). McDermott International had a negative net margin of 33.44% and a negative return on equity of 5.13%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the company posted $0.51 earnings per share. The company’s revenue was up 263.7% compared to the same quarter last year. Equities research analysts expect that McDermott International Inc will post 1.66 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in MDR. Penserra Capital Management LLC increased its position in shares of McDermott International by 96.8% during the fourth quarter. Penserra Capital Management LLC now owns 5,368 shares of the oil and gas company’s stock worth $35,000 after buying an additional 2,640 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of McDermott International during the first quarter worth $39,000. Icon Wealth Partners LLC acquired a new stake in shares of McDermott International during the first quarter worth $46,000. SEI Investments Co increased its position in shares of McDermott International by 116.7% during the first quarter. SEI Investments Co now owns 8,101 shares of the oil and gas company’s stock worth $51,000 after buying an additional 4,362 shares during the period. Finally, Investors Research Corp acquired a new stake in shares of McDermott International during the first quarter worth $63,000. Hedge funds and other institutional investors own 86.57% of the company’s stock.

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McDermott International Company Profile (NYSE:MDR)

McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.

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