McDermott International, Inc. is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects. It operates through three segments: the Americas, Europe and Africa (AEA), the Middle East (MEA) and Asia (ASA). As of December 31, 2016, operated in approximately 20 countries across the Americas, Europe, Africa, the Middle East, Asia and Australia, its integrated resources include a diversified fleet of marine vessels, fabrication facilities and engineering offices. It support its activities with project management and procurement services, while utilizing its fully integrated capabilities in both shallow water and deepwater construction.
Industry, Sector and Symbol:
- Sector: Energy
- Industry: Oil Related Services and Equipment
- Sub-Industry: Oil & Gas Equipment & Services
- Symbol: NYSE:MDR
- CUSIP: 58003710
- Web: www.mcdermott.com/
Capitalization:- Market Cap: $1.99 billion
- Outstanding Shares: 283,975,000
Average Prices:- 50 Day Moving Avg: $6.26
- 200 Day Moving Avg: $6.56
- 52 Week Range: $4.41 - $8.33
P/E:- Trailing P/E Ratio: 26.96
- Foreward P/E Ratio: 16.69
- P/E Growth: 0.95
Sales & Book Value:- Annual Revenue: $2.51 billion
- Price / Sales: 0.79
- Book Value: $5.73 per share
- Price / Book: 1.22
Profitability:- EBIDTA: $304.29 million
- Net Margins: 5.15%
- Return on Equity: 9.11%
- Return on Assets: 4.98%
Debt:- Debt-to-Equity Ratio: 0.32%
- Current Ratio: 1.63%
- Quick Ratio: 1.63%
Misc:- Average Volume: 4.30 million shs.
- Beta: 1.4
- Short Ratio: 3.96
Frequently Asked Questions for McDermott International (NYSE:MDR)
What is McDermott International's stock symbol?
McDermott International trades on the New York Stock Exchange (NYSE) under the ticker symbol "MDR."
How were McDermott International's earnings last quarter?
McDermott International Inc (NYSE:MDR) released its earnings results on Tuesday, July, 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.16 by $0.03. The company earned $788.20 million during the quarter, compared to analyst estimates of $856.54 million. McDermott International had a return on equity of 9.11% and a net margin of 5.15%. McDermott International's revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. View McDermott International's Earnings History.
When will McDermott International make its next earnings announcement?
What guidance has McDermott International issued on next quarter's earnings?
McDermott International issued an update on its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share (EPS) guidance of ~$0.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.41. The company issued revenue guidance of ~$3.2 billion, compared to the consensus revenue estimate of $3.19 billion.
Where is McDermott International's stock going? Where will McDermott International's stock price be in 2017?
7 brokers have issued 1-year target prices for McDermott International's shares. Their forecasts range from $7.00 to $10.00. On average, they expect McDermott International's stock price to reach $8.47 in the next year. View Analyst Ratings for McDermott International.
Are investors shorting McDermott International?
McDermott International saw a decrease in short interest in the month of August. As of August 31st, there was short interest totalling 21,694,829 shares, a decrease of 10.9% from the August 15th total of 24,350,745 shares. Based on an average daily trading volume, of 2,840,494 shares, the days-to-cover ratio is presently 7.6 days. Currently, 7.7% of the company's stock are sold short.
Who are some of McDermott International's key competitors?
Some companies that are related to McDermott International include Antero Midstream GP LP (AMGP), Oceaneering International (OII), John Wood Group PLC (WG), Frank's International N.V. (FI), Superior Energy Services (SPN), Petrofac Limited (PFC), Forum Energy Technologies (FET), Tidewater (TDW), Helix Energy Solutions Group (HLX), Exterran Corporation (EXTN), NCS Multistage Holdings (NCSM), Archrock Partners, L.P. (APLP), USA Compression Partners, LP (USAC), Fairmount Santrol Holdings (FMSA), Archrock (AROC), Newpark Resources (NR), Ferrellgas Partners, L.P. (FGP) and Matrix Service Company (MTRX).
Who are McDermott International's key executives?
McDermott International's management team includes the folowing people:
- David Dickson, President, Chief Executive Officer, Director
- Stuart E. Spence, Chief Financial Officer, Executive Vice President
- Jonathan Kennefick, Senior Vice President, Project Execution and Delivery
- Brian McLaughlin, Senior Vice President, Commercial
- Christopher A. Krummel, Vice President - Finance, Chief Accounting Officer
- Ty Lawrence, Vice President, Treasurer and Investor Relations
- Kathy Murray, Vice President, Treasurer
- Andrew Leys, Vice President of Human Resources
- Linh Austin, Vice President, Middle East and Caspian
- Hugh Cuthbertson, Vice President, Asia
Who owns McDermott International stock?
McDermott International's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.40%), Vanguard Group Inc. (10.60%), Dimensional Fund Advisors LP (7.37%), Fairpointe Capital LLC (5.51%), LSV Asset Management (5.09%) and State Street Corp (2.95%). View Institutional Ownership Trends for McDermott International.
Who sold McDermott International stock? Who is selling McDermott International stock?
McDermott International's stock was sold by a variety of institutional investors in the last quarter, including Proxima Capital Management LLC, Acadian Asset Management LLC, Cornerstone Capital Management Holdings LLC., Wells Fargo & Company MN, QS Investors LLC, Cipher Capital LP, AJO LP and Franklin Resources Inc.. View Insider Buying and Selling for McDermott International.
Who bought McDermott International stock? Who is buying McDermott International stock?
McDermott International's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Dimensional Fund Advisors LP, Thompson Siegel & Walmsley LLC, Bank of New York Mellon Corp, State Street Corp, Principal Financial Group Inc. and Ameriprise Financial Inc.. View Insider Buying and Selling for McDermott International.
How do I buy McDermott International stock?
Shares of McDermott International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is McDermott International's stock price today?
One share of McDermott International stock can currently be purchased for approximately $7.01.
MarketBeat Community Rating for McDermott International (NYSE MDR)MarketBeat's community ratings are surveys of what our community members think about McDermott International and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for McDermott International (NYSE:MDR) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 4 Hold Ratings, 3 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.43) |
| Consensus Price Target: | $8.47 (20.78% upside) |
Analysts' Ratings History for McDermott International (NYSE:MDR)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/25/2017 | KeyCorp | Reiterated Rating | Hold | | Medium |  |
| 7/28/2017 | Scotiabank | Reiterated Rating | Buy | $9.00 | Low | |
| 5/25/2017 | Scotia Howard Weill | Upgrade | Sector Perform -> Sector Outperform | | Medium | |
| 4/22/2017 | Deutsche Bank AG | Reiterated Rating | Hold | $8.00 -> $7.00 | Low | |
| 1/31/2017 | Credit Suisse Group | Boost Price Target | Neutral | $5.45 -> $8.80 | N/A | |
| 1/23/2017 | Citigroup Inc. | Boost Price Target | Neutral | $6.00 -> $8.00 | N/A | |
| 9/22/2016 | Imperial Capital | Reiterated Rating | Outperform | $7.00 | N/A | |
| 5/24/2016 | Sterne Agee CRT | Initiated Coverage | Neutral | | N/A | |
| 4/19/2016 | Morgan Stanley | Boost Price Target | Underweight | $3.00 -> $4.00 | N/A | |
| 3/14/2016 | DA Davidson | Boost Price Target | Neutral | $3.00 -> $4.00 | N/A | |
| 11/10/2015 | William Blair | Reiterated Rating | Hold | $5.50 | N/A | |
| 10/8/2015 | Vertical Group | Downgrade | Hold | | N/A | |
| 10/8/2015 | Vertical Research | Downgrade | Buy -> Hold | | N/A | |
(Data available from 9/24/2015 forward)
Earnings History for McDermott International (NYSE:MDR)Earnings History by Quarter for McDermott International (NYSE MDR)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/23/2017 | | $0.20 | | | | | N/A | |
| 7/25/2017 | Q2 2017 | $0.16 | $0.13 | $856.54 million | $788.20 million | View | N/A | |
| 4/25/2017 | Q1 2017 | $0.01 | $0.08 | $689.30 million | $519.40 million | View | N/A | |
| 2/21/2017 | Q416 | ($0.01) | $0.02 | $614.01 million | $641.80 million | View | Listen | |
| 10/25/2016 | Q316 | ($0.06) | $0.09 | $630.05 million | $558.54 million | View | Listen | |
| 7/26/2016 | Q216 | $0.02 | $0.08 | $753.43 million | $706.60 million | View | Listen | |
| 5/5/2016 | Q116 | $0.01 | $0.13 | $700.70 million | $729.00 million | View | Listen | |
| 2/22/2016 | Q4 | ($0.11) | $0.06 | $757.82 million | $667.40 million | View | Listen | |
| 11/9/2015 | Q3 | ($0.05) | $0.09 | $753.43 million | $805.90 million | View | Listen | |
| 8/10/2015 | Q215 | ($0.05) | $0.12 | $830.30 million | $1.05 billion | View | Listen | |
| 5/11/2015 | Q115 | ($0.08) | ($0.02) | $759.10 million | $550.50 million | View | Listen | |
| 3/2/2015 | Q414 | ($0.06) | $0.03 | $715.83 million | $806.40 million | View | Listen | |
| 11/5/2014 | Q314 | ($0.10) | ($0.14) | $686.50 million | $415.00 million | View | Listen | |
| 8/4/2014 | Q214 | ($0.17) | ($0.05) | $651.31 million | $476.00 million | View | Listen | |
| 5/7/2014 | Q114 | ($0.12) | ($0.21) | $664.56 million | $603.80 million | View | Listen | |
| 3/3/2014 | Q413 | $0.15 | ($1.37) | $825.61 million | $517.00 million | View | Listen | |
| 11/5/2013 | Q313 | ($0.03) | ($0.27) | $743.13 million | $686.86 million | View | Listen | |
| 8/5/2013 | Q2 2013 | $0.03 | ($0.63) | $757.87 million | $647.25 million | View | Listen | |
| 5/8/2013 | Q1 2013 | $0.14 | $0.09 | $748.58 million | $807.50 million | View | Listen | |
| 2/28/2013 | Q4 2012 | $0.23 | $0.17 | $981.49 million | $995.95 million | View | Listen | |
| 11/5/2012 | Q312 | $0.24 | $0.21 | $984.96 million | $1.03 billion | View | N/A | |
| 8/6/2012 | | $0.22 | $0.22 | | | View | N/A | |
| 5/10/2012 | | $0.15 | $0.25 | | | View | N/A | |
| 2/29/2012 | | $0.20 | $0.04 | | | View | N/A | |
| 11/8/2011 | | $0.04 | $0.04 | | | View | N/A | |
| 8/3/2011 | | $0.32 | $0.27 | | | View | N/A | |
| 5/10/2011 | | $0.28 | $0.29 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for McDermott International (NYSE:MDR)2017 EPS Consensus Estimate: $0.28
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | ($0.03) | $0.03 | $0.00 |
| Q2 2017 | 2 | $0.05 | $0.17 | $0.11 |
| Q3 2017 | 2 | $0.07 | $0.24 | $0.16 |
| Q4 2017 | 2 | ($0.03) | $0.05 | $0.01 |
(Data provided by Zacks Investment Research)
Dividend History for McDermott International (NYSE:MDR)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for McDermott International (NYSE:MDR)Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 87.09%
Insider Trades by Quarter for McDermott International (NYSE:MDR)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 11/14/2014 | David A Trice | Director | Buy | 20,000 | $4.16 | $83,200.00 | |
| 9/5/2014 | David Dickson | CEO | Sell | 70,000 | $7.18 | $502,600.00 | |
| 6/10/2014 | John F Bookout III | Director | Buy | 50,000 | $7.71 | $385,500.00 | |
| 3/7/2014 | William Schumann | Director | Buy | 20,000 | $7.86 | $157,200.00 | |
| 8/8/2013 | Stephen Marcum Johnson | CEO | Buy | 74,180 | $6.74 | $499,973.20 | |
(Data available from 1/1/2013 forward)
Headline Trends for McDermott International (NYSE:MDR)
Latest Headlines for McDermott International (NYSE:MDR)
| Source: |
|
| Date | Headline |
|---|
 | McDermott International (MDR) Shares Cross Above 200 DMA
www.nasdaq.com - September 21 at 6:02 PM |
 | McDermott to Present at the Johnson Rice & Company 2017 Energy ... - GlobeNewswire (press release)
globenewswire.com - September 20 at 6:11 AM |
 | McDermott to Present at the Johnson Rice & Company 2017 Energy Conference
finance.yahoo.com - September 20 at 6:11 AM |
 | Short Interest in McDermott International, Inc. (MDR) Decreases By 10.9%
www.americanbankingnews.com - September 19 at 1:44 AM |
| McDermott International, Inc. (MDR) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - September 16 at 12:38 PM |
 | McDermott (MDR) Presents At Pareto Securities annual Oil & Offshore Conference - Slideshow
seekingalpha.com - September 16 at 6:19 AM |
 | Technical Research on Oil & Gas Equities -- McDermott, Baker Hughes, NOW, and Oceaneering
www.marketwatch.com - September 15 at 6:23 AM |
| National Oilwell Varco’s Correlation with Crude Oil Prices
finance.yahoo.com - September 15 at 6:23 AM |
| McDermott to Present at Pareto Securities’ 24th Oil & Offshore Conference
finance.yahoo.com - September 13 at 6:26 AM |
| Head-To-Head Survey: McDermott International (MDR) & Its Peers
www.americanbankingnews.com - September 13 at 6:20 AM |
| Contrasting McDermott International (MDR) & its Peers
www.americanbankingnews.com - September 10 at 6:26 PM |
| McDermott to Present at Pareto Securities’ 24th Oil & Offshore Conference
finance.yahoo.com - September 8 at 3:30 AM |
 | McDermott to Present at Pareto Securities' 24th Oil & Offshore Conference
feeds.benzinga.com - September 7 at 8:20 AM |
| McDermott Appoints Philippe Barril to Board of Directors - GlobeNewswire (press release)
globenewswire.com - September 5 at 9:29 PM |
 | McDermott Int'l (MDR) Names Philippe Barril to Board
www.streetinsider.com - September 5 at 4:28 PM |
| McDermott Appoints Philippe Barril to Board of Directors
finance.yahoo.com - September 5 at 4:28 PM |
| Why Is McDermott (MDR) Down 15% Since the Last Earnings Report? - Nasdaq
www.nasdaq.com - August 31 at 7:09 AM |
| McDermott International, Inc. (MDR) Expected to Post Quarterly Sales of $973.51 Million
www.americanbankingnews.com - August 31 at 5:04 AM |
| Why Is McDermott (MDR) Down 15% Since the Last Earnings Report?
finance.yahoo.com - August 30 at 6:27 AM |
| McDermott International, Inc. (MDR) Expected to Announce Earnings of $0.19 Per Share
www.americanbankingnews.com - August 29 at 6:18 PM |
| McDermott International, Inc. (MDR) Receives Hold Rating from KeyCorp
www.americanbankingnews.com - August 27 at 12:32 PM |
| Shares of MDR Now Oversold
www.nasdaq.com - August 25 at 8:22 AM |
| McDermott International, Inc. (MDR) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 22 at 12:50 PM |
| Flotek’s Correlation with Crude Oil on August 10
finance.yahoo.com - August 21 at 7:50 PM |
| McDermott International, Inc. (MDR) Downgraded by BidaskClub to "Strong Sell"
www.americanbankingnews.com - August 20 at 10:52 AM |
| Critical Analysis: McDermott International (MDR) and Targa Pipeline Partners (APL)
www.americanbankingnews.com - August 18 at 10:46 AM |
| Correlation between Schlumberger and Crude Oil on August 11
finance.yahoo.com - August 16 at 6:04 AM |
| McDermott Appoints John Freeman as Senior Vice President, General Counsel and Corporate Secretary
finance.yahoo.com - August 15 at 1:24 AM |
| Shorting Weatherford: Reading the Short Interest in WFT on August 11
finance.yahoo.com - August 15 at 1:24 AM |
| Zacks: Analysts Expect McDermott International, Inc. (NYSE:MDR) Will Post Quarterly Sales of $973.51 Million
www.americanbankingnews.com - August 13 at 7:56 AM |
| Zacks: Brokerages Anticipate McDermott International, Inc. (MDR) Will Announce Earnings of $0.19 Per Share
www.americanbankingnews.com - August 11 at 4:46 PM |
| ETFs with exposure to McDermott International, Inc. : August 8, 2017
finance.yahoo.com - August 8 at 11:26 PM |
| A Light In A Darkened Industry - Seeking Alpha
seekingalpha.com - August 2 at 5:08 AM |
| McDermott International, Inc. breached its 50 day moving average in a Bearish Manner : MDR-US : August 1, 2017
finance.yahoo.com - August 2 at 5:08 AM |
| McDermott International, Inc. (MDR) Short Interest Down 10.8% in July
www.americanbankingnews.com - August 1 at 7:12 AM |
| Scotiabank Reiterates Buy Rating for McDermott International, Inc. (NYSE:MDR)
www.americanbankingnews.com - July 28 at 4:39 PM |
| McDermott International, Inc. (MDR) Expected to Post Q4 2017 Earnings of ($0.03) Per Share
www.americanbankingnews.com - July 28 at 3:34 PM |
| McDermott International, Inc. (NYSE:MDR) Receives Average Rating of "Buy" from Brokerages
www.americanbankingnews.com - July 28 at 12:55 PM |
| McDermott International Is Still A Bargain - Seeking Alpha
seekingalpha.com - July 28 at 3:50 AM |
| McDermott International, Inc. (NYSE:MDR) Expected to Earn Q3 2017 Earnings of $0.24 Per Share
www.americanbankingnews.com - July 27 at 8:44 AM |
| McDermott International, Inc. :MDR-US: Earnings Analysis: Q2, 2017 By the Numbers : July 26, 2017
finance.yahoo.com - July 27 at 4:17 AM |
| McDermott International, Inc. (MDR) Upgraded to "B-" by TheStreet
www.americanbankingnews.com - July 26 at 9:18 PM |
| $972.58 Million in Sales Expected for McDermott International, Inc. (NYSE:MDR) This Quarter
www.americanbankingnews.com - July 26 at 3:53 PM |
 | McDermott International Inc. Profit Rises 60% In Q2
www.rttnews.com - July 25 at 11:50 PM |
| McDermott International's (MDR) CEO David Dickson on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - July 25 at 11:50 PM |
| Investor Network: McDermott International, Inc. to Host Earnings Call
finance.yahoo.com - July 25 at 11:50 PM |
| McDermott Reports Second Quarter 2017 Financial and Operational Results
finance.yahoo.com - July 25 at 11:50 PM |
| Core Laboratories (CLB) Q2 Earnings Top Estimates, Sales Lag
finance.yahoo.com - July 25 at 11:50 PM |
| McDermott misses 2Q profit forecasts
finance.yahoo.com - July 25 at 11:50 PM |
| Edited Transcript of MDR earnings conference call or presentation 25-Jul-17 12:30pm GMT
finance.yahoo.com - July 25 at 11:50 PM |
McDermott International (MDR) Chart for Sunday, September, 24, 2017
