McDermott International (NYSE:MDR) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of McDermott International (NYSE:MDR) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research cut Hersha Hospitality Trust from a buy rating to a hold rating in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating, The stock has an average rating of Hold and a consensus target price of $23.50.

Shares of McDermott International stock opened at $10.49 on Thursday. The company has a debt-to-equity ratio of 5.61, a current ratio of 0.70 and a quick ratio of 0.68. The business has a 50 day moving average of $7.92. McDermott International has a one year low of $5.91 and a one year high of $20.63.



McDermott International (NYSE:MDR) last announced its earnings results on Monday, April 29th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.07). The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.18 billion. McDermott International had a negative return on equity of 5.13% and a negative net margin of 33.44%. McDermott International’s revenue for the quarter was up 263.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 EPS. As a group, research analysts forecast that McDermott International will post 1.65 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Piedmont Investment Advisors Inc. purchased a new position in shares of McDermott International in the 1st quarter worth approximately $77,000. Squarepoint Ops LLC boosted its holdings in McDermott International by 174.2% during the 4th quarter. Squarepoint Ops LLC now owns 217,562 shares of the oil and gas company’s stock valued at $1,423,000 after acquiring an additional 138,211 shares during the period. Ellis Investment Partners LLC purchased a new position in McDermott International during the 1st quarter valued at $1,906,000. Dimensional Fund Advisors LP boosted its holdings in McDermott International by 3.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,234,912 shares of the oil and gas company’s stock valued at $60,399,000 after acquiring an additional 269,091 shares during the period. Finally, First Trust Advisors LP boosted its holdings in McDermott International by 91.6% during the 4th quarter. First Trust Advisors LP now owns 245,657 shares of the oil and gas company’s stock valued at $1,607,000 after acquiring an additional 117,412 shares during the period. Hedge funds and other institutional investors own 86.56% of the company’s stock.

About McDermott International

McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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