McDermott International Inc. (NYSE:MDR) fell 5.6% during mid-day trading on Monday . The company traded as low as $4.86 and last traded at $4.89, with a volume of 1,945,136 shares changing hands. The stock had previously closed at $5.18.

Several equities research analysts recently weighed in on MDR shares. Morgan Stanley increased their price objective on shares of McDermott International from $3.00 to $4.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 19th. Vetr upgraded shares of McDermott International from a “sell” rating to a “hold” rating and set a $4.46 price objective on the stock in a research note on Monday, May 16th. Imperial Capital increased their price objective on shares of McDermott International from $6.00 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday. Credit Suisse Group AG lowered shares of McDermott International from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $3.50 to $4.04 in a research note on Monday, April 4th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $4.00 price objective (down previously 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 assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $5.31.

The company has a market capitalization of $1.15 billion and a price-to-earnings ratio of 400.00. The stock’s 50-day moving average is $4.87 and its 200-day moving average is $4.08.

McDermott International (NYSE:MDR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.06. The company earned $706.60 million during the quarter, compared to analyst estimates of $753.43 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. The business’s revenue for the quarter was down 32.5% on a year-over-year basis. On average, equities analysts anticipate that McDermott International Inc. will post $0.11 EPS for the current fiscal year.

Other hedge funds have modified their holdings of the company. Swiss National Bank raised its stake in shares of 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 period. Rhumbline Advisers raised its stake in shares of 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 period. California State Teachers Retirement System raised its stake in shares of 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 period. Systematic Financial Management LP acquired a new stake in shares of McDermott International during the fourth quarter valued at $1,552,000. Finally, Morgan Stanley raised its stake 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.

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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