McDermott International Inc. (NYSE:MDR) shares fell 4.1% on Wednesday . The company traded as low as $4.91 and last traded at $4.92, with a volume of 1,567,603 shares trading hands. The stock had previously closed at $5.13.

A number of research analysts have weighed in on the stock. Imperial Capital reissued an “outperform” rating and issued a $6.00 target price on shares of McDermott International in a research note on Wednesday, June 8th. Sterne Agee CRT assumed coverage on shares of McDermott International in a research note on Tuesday, May 24th. They issued a “neutral” rating on the stock. Credit Suisse Group AG reissued a “hold” rating and issued a $4.41 target price on shares of McDermott International in a research note on Saturday, June 4th. Zacks Investment Research lowered shares of McDermott International from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Finally, Vetr lowered shares of McDermott International from a “hold” rating to a “sell” rating and set a $4.46 target price on the stock. in a research note on Wednesday, April 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $4.85.

The firm’s 50 day moving average is $4.81 and its 200-day moving average is $3.89. The company’s market capitalization is $1.21 billion.

McDermott International (NYSE:MDR) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $729 million for the quarter, compared to analysts’ expectations of $700.70 million. During the same period in the previous year, the company posted ($0.04) EPS. The business’s quarterly revenue was up 32.4% on a year-over-year basis. Analysts expect that McDermott International Inc. will post $0.06 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC increased its position in shares of McDermott International by 92.4% in the fourth quarter. Chicago Equity Partners LLC now owns 339,030 shares of the company’s stock valued at $1,136,000 after buying an additional 162,835 shares during the last quarter. Sippican Capital Advisors increased its position in shares of McDermott International by 3.7% in the fourth quarter. Sippican Capital Advisors now owns 311,926 shares of the company’s stock valued at $1,045,000 after buying an additional 11,133 shares during the last quarter. Pekin Singer Strauss Asset Management IL increased 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 last quarter. Russell Frank Co increased 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 last quarter. Finally, Dimensional Fund Advisors LP increased 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 last quarter.

McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI) and module fabrication services for upstream field developments. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for complex offshore and subsea oil and gas projects.

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