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

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 closing bell 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 for the quarter, missing the consensus estimate of ($0.73) by $1.07. The oil and gas company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.45 billion. McDermott International had a negative net margin of 56.57% and a negative return on equity of 349.92%. The company's quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the previous 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, April 27th 2020. View Earnings Estimates for McDermott International.

3 equities research analysts have issued 1-year price objectives for McDermott International's shares. 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 twelve months. This suggests a possible upside of 895.4% from the stock's current price. View Analyst Price Targets for McDermott International.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McDermott International in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for McDermott International.

Media coverage about MDR stock has trended neutral this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. 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 media sentiment score of 0.4 on InfoTrie's scale. They also gave headlines about the oil and gas company a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for McDermott International.

McDermott International saw a drop in short interest in January. As of January 31st, there was short interest totalling 91,810,000 shares, a drop of 7.6% from the January 15th total of 99,340,000 shares. Based on an average daily trading volume, of 18,700,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 58.2% of the shares of the company are short sold. View McDermott International's Current Options Chain.

Some companies that are related to McDermott International include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Oceaneering International (OII), Helix Energy Solutions Group (HLX), RPC (RES), Seacor (CKH), Tidewater (TDW), Oil States International (OIS), Matrix Service (MTRX), Newpark Resources (NR), 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), Chesapeake Energy (CHK), AT&T (T), Ford Motor (F), Micron Technology (MU), Chicago Bridge & Iron (CBI), Advanced Micro Devices (AMD), Energy Transfer LP Unit (ET) and Intel (INTC).

McDermott International's stock is owned by a variety of of institutional and retail investors. Top institutional investors include AQR Capital Management LLC (5.03%), State Street Corp (3.15%), Charles Schwab Investment Management Inc. (2.68%), Van ECK Associates Corp (2.26%), LSV Asset Management (1.83%) and Bank of New York Mellon Corp (1.33%). Company insiders that own McDermott International stock include David Dickson, Gary Luquette, Hook Sandra, 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 LSV Asset Management, State Street Corp, Principal Financial Group Inc., Aristeia Capital LLC, Barnett & Company Inc., Arizona State Retirement System, First Trust Advisors LP and Public Sector Pension Investment Board. View Insider Buying and Selling for McDermott International.

MDR stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Charles Schwab Investment Management Inc., Van ECK Associates Corp, Baupost Group LLC MA, Glendon Capital Management LP, Bank of New York Mellon Corp, Capital World Investors and Victory Capital Management Inc.. 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 $0.70.

McDermott International has a market capitalization of $127.86 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]