McDermott International Inc (NYSE:MDR) SVP Scott Munro Sells 2,250 Shares

McDermott International Inc (NYSE:MDR) SVP Scott Munro sold 2,250 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $9.30, for a total value of $20,925.00. Following the transaction, the senior vice president now owns 47,888 shares of the company’s stock, valued at $445,358.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NYSE:MDR opened at $7.38 on Friday. The company has a market cap of $1.30 billion, a P/E ratio of -7.45 and a beta of 2.73. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt-to-equity ratio of 5.61. McDermott International Inc has a 1-year low of $6.10 and a 1-year high of $23.36.

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in MDR. Bank of New York Mellon Corp increased its stake in shares of McDermott International by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,239,207 shares of the oil and gas company’s stock valued at $41,269,000 after purchasing an additional 45,519 shares during the last quarter. United Services Automobile Association bought a new stake in McDermott International during the 3rd quarter worth $3,131,000. Jefferies Group LLC bought a new stake in McDermott International during the 3rd quarter worth $185,000. Jane Street Group LLC bought a new stake in McDermott International during the 3rd quarter worth $621,000. Finally, Man Group plc grew its position in McDermott International by 34.4% during the 3rd quarter. Man Group plc now owns 321,587 shares of the oil and gas company’s stock worth $5,927,000 after acquiring an additional 82,382 shares during the last quarter. 88.57% of the stock is owned by hedge funds and other institutional investors.

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About McDermott International

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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