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: Oils/Energy
- Industry: Oil Related Services and Equipment - NEC
- Sub-Industry: Oil & Gas Equipment & Services
- Symbol: NYSE:MDR
- CUSIP: 58003710
- Web: www.mcdermott.com
Capitalization:- Market Cap: $1.95943 billion
- Outstanding Shares: 283,862,000
Average Prices:- 50 Day Moving Avg: $6.99
- 200 Day Moving Avg: $6.96
- 52 Week Range: $4.41 - $8.33
P/E:- Trailing P/E Ratio: 34.65
- Foreward P/E Ratio: 16.12
- P/E Growth: 0.95
Sales & Book Value:- Annual Revenue: $2.43 billion
- Price / Sales: 0.81
- Book Value: $6.49 per share
- Price / Book: 1.07
Profitability:- EBIDTA: $275.65 million
- Net Margins: 2.95%
- Return on Equity: 5.55%
- Return on Assets: 2.78%
Debt:- Debt-to-Equity Ratio: 0.32%
- Current Ratio: 1.63%
- Quick Ratio: 2.01%
Misc:- Average Volume: 4.27 million shs.
- Beta: 1.38
- 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) posted its quarterly earnings results on Tuesday, July, 25th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.03. The company earned $788.20 million during the quarter, compared to analysts' expectations of $856.54 million. McDermott International had a net margin of 2.95% and a return on equity of 5.55%. McDermott International's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. View McDermott International's Earnings History.
What guidance has McDermott International issued on next quarter's earnings?
McDermott International updated its FY17 earnings guidance on Tuesday, July, 25th. The company provided earnings per share 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?
8 brokers have issued 12-month price targets for McDermott International's stock. Their forecasts range from $7.00 to $10.00. On average, they anticipate McDermott International's share price to reach $8.26 in the next year. View Analyst Ratings for McDermott International.
Are investors shorting McDermott International?
McDermott International saw a decrease in short interest in July. As of July 14th, there was short interest totalling 22,043,197 shares, a decrease of 10.8% from the June 30th total of 24,719,451 shares. Based on an average trading volume of 3,388,216 shares, the short-interest ratio is currently 6.5 days. Currently, 7.9% of the company's shares 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), USA Compression Partners, LP (USAC), Exterran Corporation (EXTN), NCS Multistage Holdings (NCSM), Archrock Partners, L.P. (APLP), Helix Energy Solutions Group (HLX), Archrock (AROC), Fairmount Santrol Holdings (FMSA), Newpark Resources (NR), Flotek Industries (FTK), Ferrellgas Partners, L.P. (FGP) and Lamprell Plc (LAM).
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
- Liane K. Hinrichs, Senior Vice President, General Counsel, Corporate Secretary
- 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
Who owns McDermott International stock?
McDermott International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Acadian Asset Management LLC (2.45%), James Investment Research Inc. (1.45%), Russell Investments Group Ltd. (0.29%), Bank of Montreal Can (0.26%), Boston Advisors LLC (0.23%) and Great West Life Assurance Co. Can (0.16%). 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 Acadian Asset Management LLC, James Investment Research Inc., Russell Investments Group Ltd., KAMES CAPITAL plc and Aperio Group LLC. View Insider Buying and Selling for McDermott International.
Who bought McDermott International stock? Who is buying McDermott International stock?
McDermott International's stock was bought by a variety of institutional investors in the last quarter, including Creative Planning, Great West Life Assurance Co. Can, Louisiana State Employees Retirement System, Strs Ohio, State of Alaska Department of Revenue, Bowling Portfolio Management LLC, Boston Advisors LLC and CIBC Asset Management 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 $6.93.
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: | 3 Hold Ratings, 5 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.63) |
| Consensus Price Target: | $8.26 (19.15% upside) |
Analysts' Ratings History for McDermott International (NYSE:MDR)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/25/2017 | Scotiabank | Upgrade | Sector Perform -> Buy | $9.00 | Medium |  |
| 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 | |
| 12/20/2016 | KeyCorp | Upgrade | Sector Weight -> Overweight | $10.00 | 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 | |
| 8/28/2015 | Cowen and Company | Reiterated Rating | Buy | $7.00 | N/A | |
(Data available from 7/28/2015 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 |
|---|
| 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: $0.29
| 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 | $0.00 | $0.05 | $0.03 |
(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: 73.98%
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 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, Inc. (NYSE:MDR) Announces Quarterly Earnings Results
www.americanbankingnews.com - July 25 at 9:59 AM |
| McDermott International, Inc. (MDR) Updates FY17 Earnings Guidance
www.americanbankingnews.com - July 25 at 9:49 AM |
 | What's in Store for National Oilwell (NOV) in Q2 Earnings? - Nasdaq
www.nasdaq.com - July 24 at 1:29 PM |
| Zacks: Analysts Expect McDermott International, Inc. (NYSE:MDR) to Post $0.16 Earnings Per Share
www.americanbankingnews.com - July 24 at 11:04 AM |
| McDermott International, Inc. (MDR) Upgraded to Strong-Buy by Zacks Investment Research
www.americanbankingnews.com - July 20 at 1:48 PM |
| Contrasting McDermott International (NYSE:MDR) and Frank's International N.V. (FI)
www.americanbankingnews.com - July 18 at 12:26 AM |
| Short Interest in Schlumberger on July 14, 2017
finance.yahoo.com - July 17 at 6:24 PM |
| McDermott International, Inc. (NYSE:MDR) Short Interest Up 217.0% in June
www.americanbankingnews.com - July 17 at 7:10 AM |
| Featured Company News – McDermott Announced $810 Million Credit Agreement; Set to Increase Letter of Credit Capacity
finance.yahoo.com - July 8 at 12:31 PM |
| McDermott International, Inc. (NYSE:MDR) Upgraded by BidaskClub to Buy
www.americanbankingnews.com - July 6 at 10:52 PM |
| McDermott International, Inc. -- Moody's Says McDermott's Credit Facility Amendment is Credit Positive
finance.yahoo.com - July 5 at 9:23 PM |
| Head to Head Analysis: Gulf Island Fabrication (GIFI) and McDermott International (NYSE:MDR)
www.americanbankingnews.com - July 4 at 12:15 AM |
| McDermott Announces $810 Million Credit Agreement
finance.yahoo.com - July 3 at 8:10 PM |
| McDermott International, Inc. (MDR) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - July 3 at 12:40 PM |
| $852.58 Million in Sales Expected for McDermott International, Inc. (MDR) This Quarter
www.americanbankingnews.com - June 29 at 9:12 AM |
| Zacks: Brokerages Anticipate McDermott International, Inc. (MDR) to Announce $0.15 Earnings Per Share
www.americanbankingnews.com - June 27 at 10:22 PM |
| McDermott International, Inc. (MDR) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - June 27 at 1:36 PM |
 | Medidata Solutions Set to Join S&P MidCap 400; McDermott International to Join S&P SmallCap 600 - PR Newswire (press release)
www.prnewswire.com - June 20 at 7:27 PM |
 | Medidata Solutions (MDSO) to Join S&P MidCap 400; McDermott International (MDR) to Join S&P SmallCap 600 - StreetInsider.com
www.streetinsider.com - June 20 at 7:27 PM |
| Schlumberger’s 7-Day Stock Forecast as of June 16
finance.yahoo.com - June 20 at 7:54 AM |
| ETFs with exposure to McDermott International, Inc. : June 15, 2017
finance.yahoo.com - June 16 at 7:39 AM |
| BidaskClub Upgrades McDermott International, Inc. (MDR) to Sell
www.americanbankingnews.com - June 13 at 11:04 PM |
| McDermott International, Inc. – Value Analysis (NYSE:MDR) : June 13, 2017
finance.yahoo.com - June 13 at 6:37 PM |
 | McDermott Completes Load-out and Install of First Jacket from Dammam Fabrication Yard - GlobeNewswire (press release)
globenewswire.com - June 13 at 8:01 AM |
| McDermott Completes Load-out and Install of First Jacket from Dammam Fabrication Yard
finance.yahoo.com - June 13 at 8:01 AM |
| McDermott International, Inc. breached its 50 day moving average in a Bullish Manner : MDR-US : June 12, 2017
finance.yahoo.com - June 12 at 9:23 AM |
 | Cabot's Marcellus Presence Impress, Falling Gas Prices a Woe
www.msn.com - June 9 at 11:42 PM |
 | McDermott CEO steers 'fallen giant' to calmer waters
www.bizjournals.com - June 9 at 11:42 PM |
| MDR Makes Bullish Cross Above Critical Moving Average
www.nasdaq.com - June 9 at 6:40 PM |
| Cabot's Marcellus Presence Impress, Falling Gas Prices a Woe
finance.yahoo.com - June 9 at 6:40 PM |
| McDermott Awarded Angelin EPCIC Contract from BP Trinidad & Tobago - GlobeNewswire (press release)
globenewswire.com - June 7 at 9:17 AM |
| McDermott International (MDR) Lowered to "Hold" at ValuEngine
www.americanbankingnews.com - June 6 at 8:33 PM |
| McDermott International (MDR) Receives Average Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - June 6 at 12:53 PM |
| McDermott Int'l (MDR) Secures Angelin EPCIC Contract from BP Trinidad & Tobago - StreetInsider.com
www.streetinsider.com - June 6 at 12:10 AM |
| McDermott wins Angelin contract from BP for Trinidad and Tobago work
seekingalpha.com - June 5 at 7:09 PM |
 | McDermott Awarded Angelin EPCIC Contract from BP Trinidad & Tobago
feeds.benzinga.com - June 5 at 8:22 AM |
| McDermott International (MDR) Expected to Post Quarterly Sales of $852.58 Million
www.americanbankingnews.com - June 3 at 7:50 AM |
| Williams Partners (WPZ) Prices Senior Notes Worth $1.45B
finance.yahoo.com - June 2 at 7:50 PM |
McDermott International (MDR) Chart for Friday, July, 28, 2017
