NYSE:MDR - McDermott International Stock Price, Price Target & More

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

McDermott International (NYSE:MDR) announced its earnings results on Tuesday, April, 24th. The oil and gas company reported $0.17 EPS for the quarter, beating the Zacks' consensus estimate of $0.11 by $0.06. The oil and gas company earned $607.82 million during the quarter, compared to analysts' expectations of $610 million. McDermott International had a net margin of 6.24% and a return on equity of 11.91%. The firm's revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. View McDermott International's Earnings History.

McDermott International issued an update on its FY18 earnings guidance on Tuesday, April, 24th. The company provided earnings per share guidance of $0.42-0.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.50. The company issued revenue guidance of $3.1-3.3 billion, compared to the consensus revenue estimate of $3.15 billion.

10 Wall Street analysts have issued 12 month price targets for McDermott International's stock. Their forecasts range from $7.50 to $11.00. On average, they expect McDermott International's stock price to reach $8.7667 in the next year. View Analyst Ratings for McDermott International.

McDermott International saw a increase in short interest during the month of April. As of April 13th, there was short interest totalling 87,418,109 shares, an increase of 21.7% from the March 30th total of 71,855,813 shares. Based on an average daily volume of 15,258,884 shares, the days-to-cover ratio is presently 5.7 days. Approximately 31.0% of the company's shares are sold short.

Some companies that are related to McDermott International include Mobile Mini (MINI), Chart Industries (GTLS), Global Power Equipment Gr (GLPW), Paul Mueller (MUEL) and Tht Heat Transfer Technology (THTI).

Headlines about MDR stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McDermott International earned a news impact score of 0.08 on Accern's scale. They also assigned media headlines about the oil and gas company an impact score of 45.87 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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 $7.06.

McDermott International has a market capitalization of $2.02 billion and generates $2.98 billion in revenue each year. The oil and gas company earns $178.54 million in net income (profit) each year or $0.64 on an earnings per share basis. McDermott International employs 11,800 workers across the globe.

McDermott International's mailing address is 4424 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON TX, 77041. The oil and gas company can be reached via phone at 281-870-5000 or via email at [email protected]