McDermott International Stock Price, Forecast & Analysis (NYSE:MDR)

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

McDermott International shares reverse split before market open 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 market closes 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) issued its quarterly earnings results on Monday, November, 4th. The oil and gas company reported ($1.80) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.73) by $1.07. The oil and gas company earned $2.12 billion during the quarter, compared to analyst estimates of $2.45 billion. McDermott International had a negative return on equity of 349.92% and a negative net margin of 56.57%. McDermott International's revenue for the quarter was down 7.3% on a year-over-year basis. During the same period last year, the business posted $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.

1 brokerages have issued 1-year price objectives for McDermott International's stock. Their forecasts range from $7.00 to $7.00. On average, they expect McDermott International's stock price to reach $7.00 in the next year. This suggests a possible upside of 993.8% from the stock's current price. View Analyst Price Targets for McDermott International.

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

News coverage about MDR stock has been trending somewhat negative this week, according to InfoTrie. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. McDermott International earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news stories about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for McDermott International.

McDermott International saw a increase in short interest in October. As of October 31st, there was short interest totalling 101,010,000 shares, an increase of 21.0% from the September 30th total of 83,470,000 shares. Based on an average daily volume of 19,680,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 62.5% of the shares of the stock are sold short. View McDermott International's Current Options Chain.

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

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

McDermott International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (0.77%), Rhumbline Advisers (0.32%), First Trust Advisors LP (0.23%), California Public Employees Retirement System (0.22%), Tocqueville Asset Management L.P. (0.22%) and State of New Jersey Common Pension Fund D (0.12%). Company insiders that own McDermott International stock include David Dickson, Gary Luquette, Ian Prescott, Linh Austin, Scott Munro, Stuart Spence and Tareq Kawash. View Institutional Ownership Trends for McDermott International.

MDR stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Mason Street Advisors LLC and Canal Insurance CO. View Insider Buying and Selling for McDermott International.

MDR stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, State of Alaska Department of Revenue, Great West Life Assurance Co. Can, State of Tennessee Treasury Department, SG Americas Securities LLC, State of New Jersey Common Pension Fund D, Comerica Bank and Creative Planning. Company insiders that have bought McDermott International stock in the last two years include David Dickson, Gary Luquette, Ian Prescott, Linh Austin, Stuart Spence and Tareq Kawash. View Insider Buying and Selling for McDermott International.

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 $0.64.

McDermott International has a market capitalization of $116.37 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]