McDermott International (NYSE:MDR) Given News Impact Rating of 0.13
Media stories about McDermott International (NYSE:MDR) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. McDermott International earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.8775876929355 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Genworth Financial Inc (GNW) Receives “Hold” Rating from Wells Fargo & Company (techkenyot.com)
- Fairmount Santrol: Wall Street’s Forecasts after Its Earnings (marketrealist.com)
- Taking a Look Under the Hood at McDermott International Inc (MDR) Shares – Evergreen Caller (evergreencaller.com)
- Reflections On The Current State Of McDermott International, Inc. (MDR), Skechers USA, Inc. (SKX) – AllStockNews (allstocknews.com)
- A Light In A Darkened Industry – Seeking Alpha (seekingalpha.com)
Shares of McDermott International (NYSE MDR) opened at 6.69 on Monday. The company has a 50-day moving average of $7.01 and a 200 day moving average of $6.94. The firm has a market cap of $1.90 billion, a P/E ratio of 25.73 and a beta of 1.37. McDermott International has a 12-month low of $4.41 and a 12-month high of $8.33.
McDermott International (NYSE:MDR) last released its quarterly earnings data on Tuesday, July 25th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.03. The company had revenue of $788.20 million for the quarter, compared to analyst estimates of $856.54 million. McDermott International had a return on equity of 5.55% and a net margin of 2.95%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. Equities analysts predict that McDermott International will post $0.41 EPS for the current year.
Several equities analysts have recently issued reports on MDR shares. Scotiabank raised shares of McDermott International from a “sector perform” rating to a “buy” rating and set a $9.00 price target for the company in a report on Thursday, May 25th. BidaskClub raised shares of McDermott International from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. TheStreet raised shares of McDermott International from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Scotia Howard Weill raised shares of McDermott International from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 25th. Finally, Zacks Investment Research downgraded shares of McDermott International from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $8.29.
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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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