Breaking Finance News

Howard Weil upgraded McDermott International (NYSE:MDR) to Sector Outperform in a statement released earlier today.

Boasting a price of $6.52, McDermott International (NYSE:MDR) traded 0.58% higher on the day. With the last stock price close down 4.72% from the two hundred day average, compared with the S&P 500 Index which has increased 0.02% over the date range. McDermott International has recorded a 50-day average of $6.79 and a two hundred day average of $6.65. Volume of trade was down over the average, with 2,344,199 shares of MDR changing hands under the typical 2,593,500

Howard Weil has upgraded McDermott International (NYSE:MDR) to Sector Outperform in a statement released on 5/25/2017.

Performance Chart

McDermott International (NYSE:MDR)

With a total market value of $0, McDermott International has price-earnings ratio of 26.77 with a one year low of $4.96 and a one year high of $8.33 .

A total of 12 equity analysts have released a ratings update on MDR. zero equity analysts rating the company a strong buy, three equity analysts rating the company a buy, ten equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $5.30.

Brief Synopsis About McDermott International (NYSE:MDR)

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *