McDermott International (MDR) Getting Somewhat Favorable Press Coverage, Report Finds
Media stories about McDermott International (NYSE:MDR) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. McDermott International earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.690428654946 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Why Is McDermott (MDR) Down 15% Since the Last Earnings Report? (finance.yahoo.com)
- McDermott International, Inc. (MDR) Expected to Announce Earnings of $0.19 Per Share (americanbankingnews.com)
- Traders Alert on McDermott International, Inc. (MDR) – Wall Street Morning (wallstreetmorning.com)
- Active Runner in Focus – McDermott International Inc (MDR) – FLBC News (flbcnews.com)
- Reading the Tea Leaves for McDermott International, Inc. (MDR) – Economic News (economicsandmoney.com)
Shares of McDermott International (NYSE:MDR) traded up 1.17% during mid-day trading on Wednesday, reaching $6.03. 502,769 shares of the company’s stock were exchanged. The stock has a market cap of $1.71 billion, a PE ratio of 23.19 and a beta of 1.37. The company has a 50 day moving average price of $6.66 and a 200-day moving average price of $6.73. McDermott International has a one year low of $4.41 and a one year high of $8.33.
McDermott International (NYSE:MDR) last posted its earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $788.20 million for the quarter, compared to analysts’ expectations of $856.54 million. McDermott International had a net margin of 2.95% and a return on equity of 5.55%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. On average, analysts predict that McDermott International will post $0.42 EPS for the current year.
MDR has been the subject of a number of recent research reports. Zacks Investment Research upgraded McDermott International from a “hold” rating to a “strong-buy” rating and set a $8.50 price objective for the company in a report on Thursday, July 20th. Howard Weil upgraded McDermott International from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 25th. Scotia Howard Weill upgraded McDermott International from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, May 25th. BidaskClub upgraded McDermott International from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, ValuEngine downgraded McDermott International from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $8.29.
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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