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

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.

Several hedge funds have recently bought and sold shares of MDR. Norges Bank bought a new position in shares of McDermott International in the 4th quarter worth about $17,301,000. Millennium Management LLC raised its position in shares of McDermott International by 274.9% in the 4th quarter. Millennium Management LLC now owns 3,101,248 shares of the oil and gas company’s stock worth $20,282,000 after acquiring an additional 2,274,013 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in shares of McDermott International in the 1st quarter worth about $5,454,000. 361 Capital LLC bought a new position in shares of McDermott International in the 1st quarter worth about $2,526,000. Finally, First Trust Advisors LP raised its position in shares of McDermott International by 120.5% in the 1st quarter. First Trust Advisors LP now owns 541,561 shares of the oil and gas company’s stock worth $4,029,000 after acquiring an additional 295,904 shares in the last quarter. 86.56% of the stock is owned by hedge funds and other institutional investors.

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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