Mcdermott International Inc (NYSE:MDR) Stock Sentiment Increases

May 16, 2018 - By Darrin Black

McDermott International, Inc. (NYSE:MDR) Logo

Sentiment for Mcdermott International Inc (NYSE:MDR)

Mcdermott International Inc (NYSE:MDR) institutional sentiment increased to 1.48 in 2017 Q4. Its up 0.32, from 1.16 in 2017Q3. The ratio is more positive, as 130 hedge funds started new or increased stock positions, while 88 sold and decreased their equity positions in Mcdermott International Inc. The hedge funds in our partner’s database reported: 265.26 million shares, up from 243.14 million shares in 2017Q3. Also, the number of hedge funds holding Mcdermott International Inc in their top 10 stock positions decreased from 3 to 2 for a decrease of 1. Sold All: 16 Reduced: 72 Increased: 78 New Position: 52.

McDermott International, Inc. provides engineering, procurement, construction and installation, front-end engineering and design, and module fabrication services for upstream field developments worldwide. The company has market cap of $4.00 billion. It operates through three divisions: the Americas, Europe and Africa; the Middle East; and Asia. It has a 35.27 P/E ratio. The firm delivers fixed and floating production facilities, pipeline installations, and subsea systems from concept to commissioning for offshore and subsea gas and oil projects.

The stock increased 4.96% or $1.05 during the last trading session, reaching $22.22. About 5.00 million shares traded. McDermott International, Inc. (NYSE:MDR) has 0.00% since May 16, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await McDermott International, Inc. (NYSE:MDR) to report earnings on July, 24. They expect $0.27 EPS, down 30.77 % or $0.12 from last year’s $0.39 per share. MDR’s profit will be $48.54M for 20.57 P/E if the $0.27 EPS becomes a reality. After $0.51 actual EPS reported by McDermott International, Inc. for the previous quarter, Wall Street now forecasts -47.06 % negative EPS growth.

Clearline Capital Lp holds 4.62% of its portfolio in McDermott International, Inc. for 1.36 million shares. Proxima Capital Management Llc owns 985,000 shares or 3.75% of their US portfolio. Moreover, Investment Management Of Virginia Llc has 2.84% invested in the company for 1.82 million shares. The California-based Van Strum & Towne Inc. has invested 2.73% in the stock. Fairpointe Capital Llc, a Illinois-based fund reported 16.70 million shares.

McDermott International, Inc. (NYSE:MDR) Ratings Coverage

Ratings analysis reveals 33% of Mcdermott International’s analysts are positive. Out of 6 Wall Street analysts rating Mcdermott International, 2 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $8.3 while the high is $10.5. The stock’s average target of $9.40 is -57.70% below today’s ($22.22) share price. MDR was included in 6 notes of analysts from December 20, 2017. Citigroup maintained it with “Neutral” rating and $10 target in Thursday, January 25 report. Alembic maintained McDermott International, Inc. (NYSE:MDR) rating on Thursday, February 22. Alembic has “Buy” rating and $10.5 target. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 22. The stock of McDermott International, Inc. (NYSE:MDR) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, January 24. The stock of McDermott International, Inc. (NYSE:MDR) earned “Hold” rating by Deutsche Bank on Thursday, February 22.

More recent McDermott International, Inc. (NYSE:MDR) news were published by: Bizjournals.com which released: “5 things to know in Texas energy this week” on May 14, 2018. Also Globenewswire.com published the news titled: “McDermott Completes Combination with CB&I” on May 10, 2018. Streetinsider.com‘s news article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018 was also an interesting one.

McDermott International, Inc. (NYSE:MDR) Institutional Positions Chart

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