McDermott International Inc (NYSE:MDR) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.38.

Several research analysts have issued reports on the stock. ValuEngine upgraded shares of McDermott International from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 2nd. Credit Suisse Group decreased their price target on shares of McDermott International from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, August 13th. Zacks Investment Research upgraded shares of McDermott International from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, July 25th. KeyCorp decreased their price target on shares of McDermott International from $42.00 to $38.00 and set a “$17.66” rating on the stock in a research report on Monday, July 23rd. Finally, Citigroup decreased their price target on shares of McDermott International from $27.00 to $21.00 and set a “$17.66” rating on the stock in a research report on Monday, July 23rd.

In other news, CEO David Dickson acquired 39,800 shares of the stock in a transaction on Tuesday, November 6th. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $396,408.00. Following the transaction, the chief executive officer now owns 459,889 shares in the company, valued at approximately $4,580,494.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Scott Munro sold 2,250 shares of McDermott International stock in a transaction that occurred on Tuesday, October 16th. The stock was sold at an average price of $15.90, for a total transaction of $35,775.00. Following the transaction, the senior vice president now owns 33,020 shares in the company, valued at $525,018. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 147,300 shares of company stock worth $1,424,568. Corporate insiders own 0.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MDR. Envestnet Asset Management Inc. purchased a new position in shares of McDermott International during the 2nd quarter valued at $117,000. Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of McDermott International during the 2nd quarter valued at $128,000. Hanson & Doremus Investment Management grew its holdings in shares of McDermott International by 60.2% during the 2nd quarter. Hanson & Doremus Investment Management now owns 6,831 shares of the oil and gas company’s stock valued at $134,000 after acquiring an additional 2,566 shares in the last quarter. Icon Wealth Partners LLC purchased a new position in shares of McDermott International during the 2nd quarter valued at $134,000. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of McDermott International during the 3rd quarter valued at $147,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

McDermott International stock opened at $8.64 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 4.50 and a beta of 2.58. McDermott International has a 1 year low of $6.97 and a 1 year high of $27.21.

McDermott International (NYSE:MDR) last posted its quarterly earnings results on Tuesday, October 30th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.09). The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.50 billion. McDermott International had a return on equity of 8.40% and a net margin of 2.05%. The company’s quarterly revenue was up 138.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. Sell-side analysts predict that McDermott International will post 1.03 earnings per share for the current year.

McDermott International Company Profile

McDermott International, Inc provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments. It operates through three segments: the Americas, Europe and Africa; the Middle East; and Asia. 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.

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Analyst Recommendations for McDermott International (NYSE:MDR)

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