McDermott International Inc (NYSE:MDR) – Stock analysts at KeyCorp issued their Q4 2018 earnings per share (EPS) estimates for shares of McDermott International in a research note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst T. Afzal expects that the oil and gas company will post earnings per share of $0.15 for the quarter. KeyCorp has a “Overweight” rating on the stock. KeyCorp also issued estimates for McDermott International’s FY2019 earnings at $0.50 EPS.
McDermott International (NYSE:MDR) last posted its earnings results on Wednesday, February 21st. The oil and gas company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $718.10 million for the quarter, compared to analysts’ expectations of $744.57 million. McDermott International had a net margin of 5.98% and a return on equity of 10.68%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.02 earnings per share.
A number of other analysts have also recently weighed in on MDR. ValuEngine cut shares of McDermott International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 7th. Citigroup boosted their price objective on shares of McDermott International from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Alembic Global Advisors set a $11.00 price objective on shares of McDermott International and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Deutsche Bank reduced their price objective on shares of McDermott International from $9.30 to $8.30 and set a “hold” rating on the stock in a research note on Thursday, February 22nd. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $8.80 price objective (up previously from $7.30) on shares of McDermott International in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.01.
McDermott International (NYSE MDR) traded up $0.16 during midday trading on Monday, hitting $7.82. 4,042,118 shares of the company’s stock were exchanged, compared to its average volume of 6,755,423. The company has a market capitalization of $2,192.73, a PE ratio of 12.38 and a beta of 1.68. McDermott International has a 12-month low of $5.56 and a 12-month high of $9.07. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.29.
Hedge funds have recently added to or reduced their stakes in the stock. Pinebridge Investments L.P. acquired a new position in McDermott International in the third quarter valued at $1,379,000. Boston Advisors LLC lifted its holdings in McDermott International by 14.2% in the third quarter. Boston Advisors LLC now owns 750,595 shares of the oil and gas company’s stock valued at $5,457,000 after buying an additional 93,300 shares during the period. KBC Group NV acquired a new position in McDermott International in the third quarter valued at $2,597,000. Neuberger Berman Group LLC lifted its holdings in McDermott International by 21.7% in the third quarter. Neuberger Berman Group LLC now owns 1,951,233 shares of the oil and gas company’s stock valued at $14,185,000 after buying an additional 347,995 shares during the period. Finally, 361 Capital LLC lifted its holdings in McDermott International by 445.3% in the third quarter. 361 Capital LLC now owns 287,968 shares of the oil and gas company’s stock valued at $2,094,000 after buying an additional 235,156 shares during the period. Institutional investors and hedge funds own 97.73% of the company’s stock.
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McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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