Somewhat Critical Press Coverage Likely to Affect McDermott International (MDR) Share Price

Evrard Martin
Juillet 6, 2017

It dived, as 34 investors sold MDR shares while 80 reduced holdings. 38 funds opened positions while 68 raised stakes. Eam Ltd reported 250,685 shares or 0.3% of all its holdings. (MDR) stake by 28.07% reported in 2016Q4 SEC filing. The firm has "Sell" rating by Pareto Securities given on Wednesday, September 2. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% of its portfolio in McDermott International (NYSE:MDR).

McDermott International Inc. (MDR) has been given an average price target of $8.74 from analysts, according to data collected by Finviz. State Board Of Administration Of Florida Retirement System, Florida-based fund reported 375,718 shares. Institutional investors own 73.91% of the company's stock.

On the other hand the company has Relative Strength Index (RSI 14) of 63.52 along with Average True Range (ATR 14) of 0.27, Consequently McDermott International (NYSE:MDR)'s weekly and monthly volatility is 3.96%, 4.03% respectively. Blackrock Advsr Ltd Co owns 265,456 shares for 0% of their portfolio. Klingenstein Fields Comm Limited Liability Company reported 11,900 shares. (NYSE:ALV). Ameriprise holds 0.05% or 843,230 shares in its portfolio. Gp One Trading Limited Partnership stated it has 0.02% in McDermott International (NYSE:MDR). O Shaughnessy Asset Management LLC purchased a new position in shares of McDermott International during the first quarter valued at about $128,000. UBS Asset Management Americas Inc. owned 0.14% of McDermott International worth $2,745,000 at the end of the most recent reporting period.

Aegis Financial Corp decreased Mcdermott International Inc. (MDR) by 31.96% based on its latest 2016Q4 regulatory filing with the SEC.

Among 23 analysts covering Autoliv Inc (NYSE:ALV), 6 have Buy rating, 8 Sell and 9 Hold. The company has a market cap of $1.97B and its 12 month revenue was nearly $859.50M. The stock's market capitalization is 2.04B.

McDermott International, Inc. (MDR) have shown a high EPS growth of -28.40% in the last 5 years and has earnings rose of 259.00% yoy. It has outperformed by 30.37% the S&P500. Schwab Charles Investment Mgmt Inc accumulated 2.92M shares.

McDermott International (NYSE:MDR) last issued its earnings results on Tuesday, April 25th. The oil and gas company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.07. 190.39 million shares or 0.63% less from 191.59 million shares in 2016Q3 were reported.

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More important recent McDermott International (NYSE:MDR) news were published by: Bizjournals.com which released: "McDermott CEO steers "fallen giant" to calmer waters" on June 09, 2017, also Reuters.com published article titled: "BRIEF-McDermott International amends, restates prior credit agreement", Globenewswire.com published: "McDermott Announces $810 Million Credit Agreement" on July 03, 2017. BidaskClub upgraded McDermott International from a strong sell rating to a sell rating in a report on Tuesday, June 13th. McDermott International, Inc. has a 12-month low of $4.41 and a 12-month high of $8.33. Therefore 36% are positive. McDermott International had 20 analyst reports since August 12, 2015 according to SRatingsIntel. The stock has "Underweight" rating by Morgan Stanley on Tuesday, April 19. Scotia Capital upgraded the stock to "Buy" rating in Friday, May 26 report. The firm has "Sector Outperform" rating by Howard Weil given on Thursday, May 25. Credit Suisse initiated it with "Neutral" rating and $27 target in Monday, October 26 report. The firm earned "Neutral" rating on Monday, March 14 by DA Davidson. 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.

05/24/2016 - Sterne Agee began new coverage on McDermott International, Inc. giving the company a "neutral" rating.

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