McDermott International (NYSE:MDR) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 2.63 by 9 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Sterne Agee initiates coverage on McDermott International (NYSE:MDR). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 24, 2016.
McDermott International (NYSE:MDR): 6 Analyst have given the stock of McDermott International (NYSE:MDR) a near short term price target of $4.92. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.02. The higher price target estimate is at $6 while the lower price estimates are fixed at $4.
McDermott International (NYSE:MDR) rose 1.88% or 0.09 points on Tuesday and made its way into the gainers of the day. After trading began at $4.8 the stock was seen hitting $4.9 as a peak level and $4.735 as the lowest level. The stock ended up at $4.87. The daily volume was measured at 1,584,984 shares. The 52-week high of the share price is $6 and the 52-week low is $2.2. The company has a market cap of $1,171 million.
Shares of McDermott International Inc. rose by 5.64% in the last five trading days and 7.27% for the last 4 weeks. McDermott International Inc. is up 16.79% in the last 3-month period. Year-to-Date the stock performance stands at 45.37%.
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.