Shares of McDermott International Inc. (NYSE:MDR) were down 2.8% during mid-day trading on Thursday . The company traded as low as $4.83 and last traded at $4.85, with a volume of 1,134,700 shares trading hands. The stock had previously closed at $4.99.

A number of analysts have issued reports on MDR shares. 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. Scotiabank upgraded shares of McDermott International from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 28th. Scotia Howard Weill upgraded shares of McDermott International from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 28th. Credit Suisse Group AG cut shares of McDermott International from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $3.50 to $4.04 in a research note on Monday, April 4th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $4.00 price objective (down from $5.00) on shares of McDermott International in a research note on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. McDermott International has a consensus rating of “Hold” and a consensus target price of $4.85.

The firm’s market cap is $1.15 billion. The stock’s 50 day moving average is $4.85 and its 200 day moving average is $3.97.

McDermott International (NYSE:MDR) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The company earned $729 million during the quarter, compared to analyst estimates of $700.70 million. During the same period in the previous year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, equities research analysts forecast that McDermott International Inc. will post $0.06 earnings per share for the current fiscal year.

Several large investors recently added to or reduced their stakes in MDR. Russell Frank Co increased its stake in 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. California State Teachers Retirement System increased its stake in McDermott International by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 442,146 shares of the company’s stock valued at $1,481,000 after buying an additional 7,067 shares during the last quarter. Swiss National Bank increased its stake in McDermott International by 1.7% in the fourth quarter. Swiss National Bank now owns 317,500 shares of the company’s stock valued at $1,064,000 after buying an additional 5,400 shares during the last quarter. Rhumbline Advisers increased its stake in McDermott International by 3.7% in the fourth quarter. Rhumbline Advisers now owns 346,616 shares of the company’s stock valued at $1,161,000 after buying an additional 12,425 shares during the last quarter. Finally, Sippican Capital Advisors increased its stake in 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.

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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