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Principale » The Scotia Howard Weill Upgrades McDermott International, Inc. (MDR) to "Sector Outperform"

The Scotia Howard Weill Upgrades McDermott International, Inc. (MDR) to "Sector Outperform"

17 Juin 2017

MDR has a 1-year high price of $ 8.33 and 1-year low price of $4.32. Finally, Howard Weil upgraded shares of McDermott International from a sector perform rating to a sector outperform rating in a research note on Thursday, May 25th.

McDermott International (NYSE:MDR) shares traded 0.16% up during most recent session to reach at the closing price of $6.31. Scotiabank reaffirmed a "hold" rating on shares of McDermott International in a research note on Thursday, April 27th. Dimensional Fund Advisors LP now owns 18,213,138 shares of the oil and gas company's stock valued at $122,938,000 after buying an additional 4,409,387 shares during the period. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). For the current year the company's revenue estimates are $3.19 Billion compared to low analyst estimates of $3.08 Billion and high estimates of $3.24 Billion according to the prediction of 12 analysts. Deutsche Bank AG reissued a hold rating and set a $7.00 price target (down from $8.00) on shares of McDermott International in a research note on Saturday, April 22nd. During the same period a year ago, the firm posted $0.13 EPS. The firm owned 1,222,271 shares of the oil and gas company's stock after buying an additional 451,882 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.43% of McDermott International worth $8,249,000 as of its most recent SEC filing. Five analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. ValuEngine downgraded shares of McDermott International from a buy rating to a hold rating in a research note on Tuesday, June 6th. Baker Avenue Asset Management LP boosted its stake in McDermott International by 13.9% in the first quarter. McDermott International's revenue for the quarter was down 28.8% on a year-over-year basis. Tudor Investment Corp ET AL now owns 36,018 shares of the oil and gas company's stock worth $243,000 after buying an additional 2,787 shares in the last quarter.

According to analysts McDermott International (NYSE:MDR)'s minimum EPS for the current quarter is at $0.04 and can go high up to $0.17. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & global copyright and trademark legislation. The firm has a market capitalization of $1.78 billion, a PE ratio of 31.40 and a beta of 1.44.

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Now the shares of McDermott International Inc. Hedge funds and other institutional investors own 73.84% of the company's stock. LSV Asset Management now owns 13,213,796 shares of the oil and gas company's stock worth $89,193,000 after buying an additional 4,822,700 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in McDermott International during the first quarter worth $1,934,000. BidaskClub raised McDermott International from a "strong sell" rating to a "sell" rating in a research note on Tuesday.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -2.58%, and has a poor year to date (YTD) performance of -14.61% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The legal version of this article can be viewed at https://www.thestockobserver.com/2017/06/17/mcdermott-international-mdr-shares-bought-by-cornerstone-capital-management-holdings-llc-updated-updated.html.

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.