NYSE:MDR - McDermott International Stock Price, Forecast & News

McDermott International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDR."

McDermott International shares reverse split on Thursday, May 10th 2018. The 1-3 reverse split was announced on Wednesday, May 2nd 2018. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, May 9th 2018. An investor that had 100 shares of McDermott International stock prior to the reverse split would have 33 shares after the split.

McDermott International Inc (NYSE:MDR) posted its quarterly earnings data on Monday, November, 4th. The oil and gas company reported ($1.80) earnings per share for the quarter, missing the consensus estimate of ($0.73) by $1.07. The oil and gas company had revenue of $2.12 billion for the quarter, compared to analysts' expectations of $2.45 billion. McDermott International had a negative return on equity of 349.92% and a negative net margin of 56.57%. The firm's quarterly revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. View McDermott International's Earnings History.

McDermott International is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for McDermott International.

3 analysts have issued twelve-month price objectives for McDermott International's shares. Their forecasts range from $7.00 to $7.00. On average, they anticipate McDermott International's share price to reach $7.00 in the next twelve months. This suggests a possible upside of 895.4% from the stock's current price. View Analyst Price Targets for McDermott International.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McDermott International in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for McDermott International.

Headlines about MDR stock have trended negative this week, according to InfoTrie. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. McDermott International earned a coverage optimism score of -2.5 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for McDermott International.

McDermott International saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 99,340,000 shares, a decrease of 7.9% from the December 15th total of 107,890,000 shares. Based on an average trading volume of 16,740,000 shares, the short-interest ratio is presently 5.9 days. Currently, 62.9% of the company's shares are sold short. View McDermott International's Current Options Chain.

Some companies that are related to McDermott International include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Oceaneering International (OII), Helix Energy Solutions Group (HLX), RPC (RES), Oil States International (OIS), Seacor (CKH), Tidewater (TDW), Matrix Service (MTRX), Newpark Resources (NR), Geospace Technologies (GEOS) and TETRA Technologies (TTI).

Based on aggregate information from My MarketBeat watchlists, some companies that other McDermott International investors own include General Electric (GE), AT&T (T), Bank of America (BAC), Chesapeake Energy (CHK), Ford Motor (F), Micron Technology (MU), Chicago Bridge & Iron (CBI), Advanced Micro Devices (AMD), Verizon Communications (VZ) and Intel (INTC).

Shares of MDR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MDR stock can currently be purchased for approximately $0.70.

McDermott International has a market capitalization of $127.86 million and generates $6.71 billion in revenue each year. The oil and gas company earns $-2,687,000,000.00 in net income (profit) each year or ($0.99) on an earnings per share basis. McDermott International employs 31,900 workers across the globe.View Additional Information About McDermott International.

The official website for McDermott International is http://www.mcdermott.com/.

McDermott International's mailing address is 757 NORTH ELDRIDGE PARKWAY, HOUSTON TX, 77079. The oil and gas company can be reached via phone at 281-870-5000 or via email at [email protected]