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

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

Shares of McDermott International 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 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) announced its quarterly earnings data on Monday, November, 4th. The oil and gas company reported ($1.80) earnings per share (EPS) for the quarter, missing the Zacks' 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 revenue for the quarter was down 7.3% on a year-over-year basis. During the same period last year, the firm 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 Wall Street analysts have issued 12-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 707.1% 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.

Press coverage about MDR stock has trended neutral this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. McDermott International earned a daily sentiment score of 0.4 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for McDermott International.

McDermott International saw a increase in short interest during the month of 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 trading volume, of 19,680,000 shares, the short-interest ratio is currently 5.1 days. Currently, 62.5% of the company's 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 variety 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 acquired 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 $0.87.

McDermott International has a market capitalization of $157.70 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]