McDermott International Inc. (NYSE:MDR)’s share price shot up 5.5% during trading on Friday . The company traded as high as $5.00 and last traded at $4.98, with a volume of 1,134,610 shares traded. The stock had previously closed at $4.72.

A number of brokerages recently commented on MDR. Credit Suisse Group AG reiterated a “hold” rating and set a $4.41 target price on shares of McDermott International in a research note on Saturday, June 4th. Zacks Investment Research upgraded shares of McDermott International from a “hold” rating to a “strong-buy” rating and set a $5.00 target price for the company in a research note on Wednesday, May 11th. Vetr downgraded shares of McDermott International from a “hold” rating to a “sell” rating and set a $4.46 target price for the company. in a research note on Wednesday, April 27th. Howard Weil upgraded shares of McDermott International from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, March 28th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $4.00 target price (down previously from $5.00) on shares of McDermott International in a research note on Wednesday, April 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.85.

The stock’s market cap is $1.19 billion. The stock has a 50-day moving average price of $4.78 and a 200 day moving average price of $3.87.

McDermott International (NYSE:MDR) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.13 earnings per share for the quarter, beating 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. McDermott International’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. Equities research analysts predict that McDermott International Inc. will post $0.06 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in McDermott International by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,234,414 shares of the company’s stock worth $20,885,000 after buying an additional 436,484 shares during the last quarter. Systematic Financial Management LP purchased a new stake in McDermott International during the fourth quarter worth $1,552,000. Towle & Co. raised its stake in McDermott International by 0.3% in the fourth quarter. Towle & Co. now owns 3,190,363 shares of the company’s stock worth $10,688,000 after buying an additional 8,190 shares during the last quarter. Pekin Singer Strauss Asset Management IL raised its stake in 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 worth $4,955,000 after buying an additional 93,600 shares during the last quarter. Finally, Morgan Stanley raised its stake in McDermott International by 78.8% in the fourth quarter. Morgan Stanley now owns 2,939,639 shares of the company’s stock worth $9,848,000 after buying an additional 1,295,299 shares during the last quarter.

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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