Brokerage Firm Rating Update on McDermott International (MDR)

McDermott International (MDR) : 7 analysts are covering McDermott International (MDR) and their average rating on the stock is 2.53, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

McDermott International (MDR) : The highest level McDermott International (MDR) is projected to reach is $7 for the short term and the lowest estimate is at $4. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $5.5 and the possibility the share price can swing is $1.34.


Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains its rating on McDermott International (NYSE:MDR). The global brokerage major raises the current price target from $5 per share to $6 per share. Analysts at the Citigroup have a current rating of Neutral on the shares. The rating by the firm was issued on July 27, 2016.

McDermott International (NYSE:MDR): stock was range-bound between the intraday low of $5.24 and the intraday high of $5.32 after having opened at $5.3 on Wednesdays session. The stock finally closed in the red at $5.3, a loss of -0.57%. The stock remained in the red for the whole trading day. The total traded volume was 2,556,046 shares. The stock failed to cross $5.32 in Wednesdays trading. The stocks closing price on Thursday was $5.3.

McDermott International, Inc. is an engineering, procurement, construction and installation (EPCI) company focused on designing and executing offshore oil and gas projects across the world. The Companys operating segments include Asia Pacific, Americas, Middle East and North Sea and Africa. The Asia Pacific segment serves customers in Australia, Indonesia, Vietnam, Malaysia, Thailand and India. The Americas segment serves customers in the United States, Brazil, Mexico, Trinidad and Africa. The Middle East segment includes its North Sea and Africa operations, which serves customers in Saudi Arabia, Qatar, the United Arab Emirates (U.A.E.), Kuwait, India, Azerbaijan, Russia, the North Sea and Africa. It delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning. Its customers include national, integrated and other oil and gas companies, and it operates in offshore oil and gas producing regions throughout the world.

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