Somewhat Favorable Media Coverage Somewhat Unlikely to Impact McDermott International (MDR) Stock Price
Media coverage about McDermott International (NYSE:MDR) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. McDermott International earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 45.6433776892242 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.
A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of McDermott International from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 6th. Deutsche Bank decreased their target price on shares of McDermott International from $6.50 to $5.25 and set a “hold” rating on the stock in a research report on Tuesday, October 24th. 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 research report on Friday, November 3rd. Zacks Investment Research downgraded shares of McDermott International from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, Morgan Stanley reaffirmed a “sell” rating on shares of McDermott International in a report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. McDermott International presently has an average rating of “Hold” and a consensus target price of $7.93.
Shares of McDermott International (NYSE MDR) traded down $0.23 during trading on Friday, hitting $7.42. 10,249,427 shares of the stock were exchanged, compared to its average volume of 8,459,589. McDermott International has a 12 month low of $5.56 and a 12 month high of $9.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $2,172.80, a P/E ratio of 13.74 and a beta of 1.58.
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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