McDermott International Inc (NYSE:MDR) SVP Scott Munro sold 2,250 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $10.54, for a total value of $23,715.00. Following the transaction, the senior vice president now directly owns 45,638 shares of the company’s stock, valued at $481,024.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:MDR opened at $10.43 on Friday. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -10.54 and a beta of 3.15. The company has a debt-to-equity ratio of 5.61, a quick ratio of 0.68 and a current ratio of 0.70. McDermott International Inc has a 12-month low of $5.91 and a 12-month high of $20.63. The stock’s fifty day moving average is $8.52.
McDermott International (NYSE:MDR) last posted 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). McDermott International had a negative return on equity of 5.13% and a negative net margin of 33.44%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue was up 263.7% on a year-over-year basis. On average, equities analysts anticipate that McDermott International Inc will post 1.65 earnings per share for the current fiscal year.
MDR has been the subject of several analyst reports. Zacks Investment Research lowered Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a hold rating, McDermott International presently has an average rating of “Hold” and a consensus target price of $23.50.
McDermott International Company Profile
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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