McDermott International (NYSE:MDR) Lifted to Hold at ValuEngine

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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 research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating, McDermott International presently has a consensus rating of Hold and a consensus price target of $23.50.

Shares of NYSE:MDR opened at $10.49 on Thursday. The company has a debt-to-equity ratio of 5.61, a quick ratio of 0.68 and a current ratio of 0.70. The stock has a 50-day moving average price of $7.92. McDermott International has a 52-week low of $5.91 and a 52-week 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.07). The firm 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%. The company’s revenue for the quarter was up 263.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, equities analysts anticipate that McDermott International will post 1.65 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in shares of McDermott International during the 1st quarter valued at about $39,000. Icon Wealth Partners LLC purchased a new position in shares of McDermott International during the 1st quarter valued at about $46,000. Investors Research Corp purchased a new position in shares of McDermott International during the 1st quarter valued at about $63,000. Piedmont Investment Advisors Inc. purchased a new position in shares of McDermott International during the 1st quarter valued at about $77,000. Finally, HRT Financial LLC purchased a new position in shares of McDermott International during the 4th quarter valued at about $72,000. 86.56% of the stock is currently owned by hedge funds and other institutional investors.

McDermott International Company Profile

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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