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

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

Shares of McDermott International reverse split on the morning of 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) released its quarterly earnings results on Monday, July, 29th. The oil and gas company reported ($0.07) EPS for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.15. The oil and gas company earned $2.14 billion during the quarter, compared to analysts' expectations of $2.25 billion. McDermott International had a negative return on equity of 12.08% and a negative net margin of 33.95%. McDermott International's revenue for the quarter was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 EPS. View McDermott International's Earnings History.

McDermott International is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for McDermott International.

McDermott International issued an update on its FY19 earnings guidance on Monday, July, 29th. The company provided EPS guidance of ~($0.32) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.59. The company issued revenue guidance of ~$9.5 billion, compared to the consensus revenue estimate of $10.02 billion.

1 equities research analysts have issued 1 year price targets for McDermott International's shares. Their forecasts range from $11.00 to $11.00. On average, they expect McDermott International's stock price to reach $11.00 in the next year. This suggests a possible upside of 146.1% 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.

News coverage about MDR stock has trended positive on Saturday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. McDermott International earned a daily sentiment score of 2.5 on InfoTrie's scale. They also gave media stories about the oil and gas company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock's share price in the next several days. View News Stories for McDermott International.

McDermott International saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 40,304,300 shares, a decline of 7.9% from the June 30th total of 43,737,900 shares. Based on an average daily trading volume, of 5,380,000 shares, the days-to-cover ratio is currently 7.5 days. Approximately 22.5% of the company's shares are short sold. View McDermott International's Current Options Chain.

Some companies that are related to McDermott International include NuStar Energy (NS), Holly Energy Partners (HEP), AmeriGas Partners (APU), Black Stone Minerals (BSM), Murphy USA (MUSA), Nextera Energy Partners (NEP), Rattler Midstream (RTLR), New Fortress Energy (NFE), PBF Energy (PBF), Magnolia Oil & Gas (MGY), TC Pipelines (TCP), Chesapeake Energy (CHK), Transocean (RIG), Genesis Energy (GEL) and Crestwood Equity Partners (CEQP).

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

McDermott International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.44%), Vanguard Group Inc. (8.96%), Kingstown Capital Management L.P. (4.40%), Luminus Management LLC (3.72%), LSV Asset Management (3.28%) and Van ECK Associates Corp (2.13%). 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 AQR Capital Management LLC, Steadfast Capital Management LP, LSV Asset Management, Wells Fargo & Company MN, First Trust Advisors LP, Bank of America Corp DE, Morgan Stanley and Vanguard Group Inc.. View Insider Buying and Selling for McDermott International.

MDR stock was acquired by a variety of institutional investors in the last quarter, including Luminus Management LLC, Kingstown Capital Management L.P., Nuveen Asset Management LLC, Van ECK Associates Corp, Russell Investments Group Ltd., Invesco Ltd., Charles Schwab Investment Management Inc. and Phocas Financial Corp.. 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, Scottrade, Fidelity and Charles Schwab.

One share of MDR stock can currently be purchased for approximately $4.47.

McDermott International has a market capitalization of $812.02 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]