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

Several equities research analysts recently commented on MDR shares. Credit Suisse Group AG reiterated a “hold” rating and issued a $4.41 price objective on shares of McDermott International in a report on Saturday, June 4th. Vetr downgraded McDermott International from a “buy” rating to a “hold” rating and set a $4.46 price objective for the company. in a report on Monday, April 18th. Imperial Capital reiterated an “outperform” rating and issued a $6.00 price objective on shares of McDermott International in a report on Wednesday, June 8th. Zacks Investment Research downgraded McDermott International from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Finally, Morgan Stanley lifted their price objective on McDermott International from $3.00 to $4.00 and gave the stock an “underweight” rating in a report on Tuesday, April 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. McDermott International presently has an average rating of “Hold” and a consensus target price of $5.31.

The company has a market capitalization of $1.16 billion and a P/E ratio of 400.83. The stock’s 50-day moving average price is $4.87 and its 200 day moving average price is $4.09.

McDermott International (NYSE:MDR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.06. The company had revenue of $706.60 million for the quarter, compared to analysts’ expectations of $753.43 million. The company’s revenue for the quarter was down 32.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 earnings per share. Analysts predict that McDermott International Inc. will post $0.11 earnings per share for the current year.

A number of large investors have added to or reduced their stakes in MDR. California State Teachers Retirement System boosted 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 worth $1,481,000 after buying an additional 7,067 shares during the period. Swiss National Bank boosted 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 worth $1,064,000 after buying an additional 5,400 shares during the period. Rhumbline Advisers boosted its stake in McDermott International by 3.7% in the fourth quarter. Rhumbline Advisers now owns 346,616 shares of the company’s stock worth $1,161,000 after buying an additional 12,425 shares during the period. Morgan Stanley boosted 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 period. Finally, Systematic Financial Management LP acquired a new stake in McDermott International during the fourth quarter worth approximately $1,552,000.

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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