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's stock 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 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 (NYSE:MDR) issued its quarterly earnings results on Tuesday, April, 24th. The oil and gas company reported $0.51 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.18. The oil and gas company earned $607.82 million during the quarter, compared to analysts' expectations of $610 million. McDermott International had a return on equity of 11.91% and a net margin of 6.24%. McDermott International's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. View McDermott International's Earnings History.

McDermott International is scheduled to release their next quarterly earnings announcement on Monday, July, 23rd 2018. View Earnings Estimates for McDermott International.

McDermott International updated its FY18 earnings guidance on Tuesday, April, 24th. The company provided earnings per share (EPS) 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.

8 brokers have issued 1 year target prices for McDermott International's shares. Their forecasts range from $22.50 to $33.00. On average, they expect McDermott International's share price to reach $26.0667 in the next twelve months. View Analyst Ratings for McDermott International.

McDermott International saw a decrease in short interest in May. As of May 31st, there was short interest totalling 28,743,542 shares, a decrease of 40.2% from the May 15th total of 48,070,098 shares. Based on an average daily trading volume, of 3,467,781 shares, the days-to-cover ratio is presently 8.3 days. Currently, 16.1% of the shares of the stock are short sold. View McDermott International's Current Options Chain.

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

Press coverage about MDR stock has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. McDermott International earned a daily sentiment score of 0.17 on Accern's scale. They also assigned news articles about the oil and gas company an impact score of 46.66 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.

McDermott International's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.94%), Dimensional Fund Advisors LP (8.41%), Franklin Resources Inc. (3.85%), Northern Trust Corp (2.70%), Van ECK Associates Corp (1.68%) and Russell Investments Group Ltd. (0.92%). View Institutional Ownership Trends for McDermott International.

MDR stock was sold by a variety of institutional investors in the last quarter, including Neuberger Berman Group LLC, Prudential Financial Inc., Schwab Charles Investment Management Inc., KBC Group NV, American International Group Inc., California Public Employees Retirement System, Evanston Investments Inc. dba Evanston Advisors and Great West Life Assurance Co. Can. View Insider Buying and Selling for McDermott International.

MDR stock was bought by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Systematic Financial Management LP, Russell Investments Group Ltd., Northern Trust Corp, Covalis Capital LLP, SG Americas Securities LLC, Trexquant Investment LP and Van ECK Associates Corp. 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 $20.25.

McDermott International has a market capitalization of $2.00 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 $1.92 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]