McDermott International (NYSE:MDR) Sets New 1-Year Low at $5.13

McDermott International Inc (NYSE:MDR) shares reached a new 52-week low during trading on Monday . The stock traded as low as $5.13 and last traded at $5.22, with a volume of 24585 shares. The stock had previously closed at $5.38.

MDR has been the subject of several analyst reports. Citigroup cut their price objective on shares of McDermott International from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Zacks Investment Research downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, ValuEngine downgraded shares of McDermott International from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.00.

The company has a debt-to-equity ratio of 7.01, a current ratio of 0.69 and a quick ratio of 0.68. The stock has a market cap of $934.64 million, a price-to-earnings ratio of -5.19 and a beta of 3.12. The stock has a 50 day moving average of $9.17.

McDermott International (NYSE:MDR) last posted its earnings results on Monday, July 29th. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.15). McDermott International had a negative return on equity of 12.08% and a negative net margin of 33.95%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, research analysts anticipate that McDermott International Inc will post -0.33 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in McDermott International in the 1st quarter worth approximately $39,000. Icon Wealth Partners LLC purchased a new stake in McDermott International in the 1st quarter worth approximately $46,000. Coastal Investment Advisors Inc. purchased a new stake in McDermott International in the 2nd quarter worth approximately $72,000. Investors Research Corp purchased a new stake in shares of McDermott International during the 1st quarter valued at $63,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in shares of McDermott International during the 1st quarter valued at $77,000. Institutional investors and hedge funds own 86.74% of the company’s stock.

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.

Featured Story: Net Margin

Receive News & Ratings for McDermott International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDermott International and related companies with MarketBeat.com's FREE daily email newsletter.