McDermott International (MDR) Earns Daily Coverage Optimism Score of 0.17
News coverage about McDermott International (NYSE:MDR) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. McDermott International earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 45.6685395603966 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- McDermott International, Inc. (NYSE:MDR) vs. Stepan Company (NYSE:SCL): Quant Technicals In The Spotlight – Evergreen Caller (evergreencaller.com)
- McDermott International Inc (MDR) Sees Technical Signals Building – Financial News Review (finnewsreview.com)
- Why Is McDermott (MDR) Down 15% Since the Last Earnings Report? – Nasdaq (nasdaq.com)
- McDermott International, Inc. (MDR) Expected to Post Quarterly Sales of $973.51 Million (americanbankingnews.com)
A number of equities analysts have recently commented on the company. BidaskClub lowered McDermott International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Scotiabank reaffirmed a “buy” rating and issued a $9.00 price target on shares of McDermott International in a report on Friday, July 28th. TheStreet raised McDermott International from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. KeyCorp reaffirmed a “hold” rating on shares of McDermott International in a report on Friday, August 25th. Finally, Zacks Investment Research lowered McDermott International from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. McDermott International currently has a consensus rating of “Hold” and a consensus target price of $8.29.
McDermott International (NYSE MDR) traded up 1.77% during midday trading on Tuesday, reaching $6.32. The company had a trading volume of 353,947 shares. The firm has a 50-day moving average price of $6.48 and a 200-day moving average price of $6.67. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 24.31 and a beta of 1.40. McDermott International has a 52 week low of $4.41 and a 52 week high of $8.33.
McDermott International (NYSE:MDR) last announced its quarterly earnings results on Tuesday, July 25th. The oil and gas company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.03. McDermott International had a net margin of 2.95% and a return on equity of 5.55%. The business had revenue of $788.20 million during the quarter, compared to the consensus estimate of $856.54 million. During the same period in the previous year, the business posted $0.07 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. Analysts expect that McDermott International will post $0.42 EPS for the current fiscal year.
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McDermott International Company Profile
McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.
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