Shares of McDermott International Inc. (NYSE:MDR) were up 5.5% on Friday . The stock traded as high as $5.00 and last traded at $4.98, with a volume of 1,134,610 shares trading hands. The stock had previously closed at $4.72.

Several analysts have weighed in on MDR shares. Vetr downgraded McDermott International from a “strong-buy” rating to a “buy” rating and set a $4.46 price target on the stock. in a research note on Tuesday, April 12th. Zacks Investment Research downgraded McDermott International from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Deutsche Bank AG reiterated a “hold” rating and set a $4.00 price target (down previously from $5.00) on shares of McDermott International in a research note on Wednesday, April 6th. Credit Suisse Group AG restated a “hold” rating and issued a $4.41 target price on shares of McDermott International in a research note on Saturday, June 4th. Finally, DA Davidson upped their target price on McDermott International from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, March 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.85.

The stock’s market capitalization is $1.19 billion. The company’s 50-day moving average price is $4.77 and its 200 day moving average price is $3.85.

McDermott International (NYSE:MDR) last posted its earnings results on Thursday, May 5th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.12. The firm had revenue of $729 million for the quarter, compared to analyst estimates of $700.70 million. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. Equities analysts expect that McDermott International Inc. will post $0.06 EPS for the current fiscal year.

A number of institutional investors recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of McDermott International by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,234,414 shares of the company’s stock valued at $20,885,000 after buying an additional 436,484 shares during the period. Towle & Co. boosted its position in shares of McDermott International by 0.3% in the fourth quarter. Towle & Co. now owns 3,190,363 shares of the company’s stock valued at $10,688,000 after buying an additional 8,190 shares during the period. Morgan Stanley boosted its position in shares of McDermott International by 78.8% in the fourth quarter. Morgan Stanley now owns 2,939,639 shares of the company’s stock valued at $9,848,000 after buying an additional 1,295,299 shares during the period. Russell Frank Co boosted its position in shares of McDermott International by 5.5% in the fourth quarter. Russell Frank Co now owns 2,067,006 shares of the company’s stock valued at $6,862,000 after buying an additional 107,964 shares during the period. Finally, Pekin Singer Strauss Asset Management IL boosted its position in shares of McDermott International by 6.8% in the fourth quarter. Pekin Singer Strauss Asset Management IL now owns 1,479,205 shares of the company’s stock valued at $4,955,000 after buying an additional 93,600 shares during the period.

McDermott International, Inc is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing offshore oil and gas projects across the world. The Company’s operating segments include Asia Pacific, Americas, Middle East and North Sea and Africa. The Asia Pacific segment serves customers in Australia, Indonesia, Vietnam, Malaysia, Thailand and India.

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