An issue of McDermott International Inc (NYSE:MDR) bonds rose 0.9% against their face value during trading on Friday. The high-yield debt issue has a 8% coupon and will mature on May 1, 2021. The bonds in the issue are now trading at $103.50. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several brokerages have issued reports on MDR. ValuEngine upgraded shares of McDermott International from a “buy” rating to a “strong-buy” rating in a report on Monday, November 6th. UBS Group increased their target price on shares of McDermott International from $7.00 to $7.50 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Deutsche Bank lowered their price target on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating on the stock in a report on Tuesday, October 24th. Zacks Investment Research cut shares of McDermott International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Morgan Stanley restated a “sell” rating on shares of McDermott International in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.59.

Shares of McDermott International Inc (MDR) opened at $7.79 on Friday. McDermott International Inc has a 1-year low of $5.56 and a 1-year high of $8.33. The firm has a market cap of $2,212.57, a PE ratio of 13.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.70 and a quick ratio of 1.70.

McDermott International (NYSE:MDR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.14. McDermott International had a net margin of 5.25% and a return on equity of 9.56%. The business had revenue of $958.50 million for the quarter, compared to analysts’ expectations of $977.28 million. During the same period last year, the business earned $0.09 EPS. The company’s revenue was up 71.6% compared to the same quarter last year. sell-side analysts predict that McDermott International Inc will post 0.53 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MDR. Private Advisor Group LLC acquired a new stake in McDermott International in the 2nd quarter worth approximately $106,000. Cubist Systematic Strategies LLC acquired a new stake in McDermott International in the 3rd quarter worth approximately $112,000. Meeder Asset Management Inc. boosted its stake in McDermott International by 234.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 11,310 shares in the last quarter. Koch Industries Inc. boosted its stake in McDermott International by 711.3% in the 2nd quarter. Koch Industries Inc. now owns 164,323 shares of the oil and gas company’s stock worth $144,000 after purchasing an additional 144,069 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its stake in McDermott International by 2.0% in the 2nd quarter. Federated Investors Inc. PA now owns 23,565 shares of the oil and gas company’s stock worth $169,000 after purchasing an additional 468 shares in the last quarter. Institutional investors and hedge funds own 86.00% of the company’s stock.

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About McDermott International

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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