McDermott International Tops Q1 Street Views On EPS

Canal Insurance CO maintained its stake in McDermott International (NYSE:MDR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. It has been assigned a low target price of $16 and a high target price of $20.

McDermott International (NYSE:MDR) last released its quarterly earnings data on Tuesday, April 25th. Equities analysts anticipate that McDermott International will post $0.30 EPS for the current fiscal year. During the same period past year, the firm earned $0.06 earnings per share.

05/24/2016 - Sterne Agee began new coverage on McDermott International, Inc. giving the company a "neutral" rating.

On the other hand, McDermott International, far traveled 56.58% versus a 1-year low price of $4.03. (WETF) is 0.02 while the analysts predicted the EPS of the stock to be 0.06 suggesting the company fell short of the analysts' expectations. The business had revenue of $641.80 million for the quarter, compared to analyst estimates of $614.01 million. In 2017 guidance, McDermott held revenues to prior at $3.2 billion, compared to Street view of $3.17 billion, but boosted outlook for EPS to $0.42 from $0.29, compared to Street view of $0.28. During the same quarter in the previous year, the firm earned $0.06 EPS.

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A number of research firms recently commented on MDR.

McDermott International, Inc. had its "hold" rating reiterated by analysts at Deutsche Bank. Citigroup Inc upped their price target on shares of McDermott International from $6.00 to $8.00 and gave the company a "neutral" rating in a report on Monday, January 23rd. Zacks Investment Research lowered shares of McDermott International from a "strong-buy" rating to a "hold" rating in a report on Monday, January 2nd. Scotiabank set a $9.00 target price on McDermott International and gave the stock a "hold" rating in a research note on Friday, March 31st. The stock has a consensus rating of "Hold" and an average target price of $7.86.

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Shares of McDermott International (NYSE:MDR) traded up 0.16% during mid-day trading on Monday, reaching $6.38. Its last's traded volume was 1.88 million shares in comparison to its average trading volume of 2.97 million shares. That puts the market capitalization at $1.55 bln. The stock has a 52-week highest price of $4.42 and its 52-week lowest price was called at $2.47. The stock's 50 day moving average is $6.53 and its 200-day moving average is $6.76. Ancora Advisors LLC boosted its stake in McDermott International by 7.1% in the fourth quarter. (WETF) now has a value of $8.87 while the company's 52 week low is at $8.00, the shares dropped to the 52 week low on 11/09/16. Dimensional Fund Advisors LP now owns 13,803,751 shares of the oil and gas company's stock worth $102,010,000 after buying an additional 3,430,187 shares during the last quarter. STA Wealth Management LLC now owns 26,657 shares of the oil and gas company's stock worth $197,000 after buying an additional 3,221 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of McDermott International by 202.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,882,133 shares of the oil and gas company's stock valued at $34,479,000 after buying an additional 693,676 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in McDermott International by 11.2% in the third quarter. Investors measure stock performance on the basis of a company's earnings power.

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