McDermott International Sees Unusually Large Options Volume (MDR)

McDermott International, Inc. (NYSE:MDR) was the target of unusually large options trading on Thursday. Stock investors bought 1,086 call options on the company. This represents an increase of 878% compared to the typical daily volume of 111 call options.

Shares of McDermott International (MDR) opened at $7.43 on Friday. The stock has a market capitalization of $2,160.00, a price-to-earnings ratio of 12.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.70 and a quick ratio of 1.70. McDermott International has a one year low of $5.56 and a one year high of $8.33.

McDermott International (NYSE:MDR) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.14. The firm had revenue of $958.50 million for the quarter, compared to analyst estimates of $977.28 million. McDermott International had a return on equity of 9.56% and a net margin of 5.25%. The business’s revenue was up 71.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. equities research analysts predict that McDermott International will post 0.53 EPS for the current year.

A number of analysts recently commented on MDR shares. Credit Suisse Group dropped their price target on McDermott International from $7.60 to $7.30 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Zacks Investment Research lowered McDermott International from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 25th. UBS boosted their target price on McDermott International from $7.00 to $7.50 and gave the company a “neutral” rating in a research note on Friday, November 3rd. ValuEngine lowered McDermott International from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, KeyCorp restated a “hold” rating on shares of McDermott International in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. McDermott International has a consensus rating of “Hold” and a consensus target price of $7.94.

Several institutional investors and hedge funds have recently modified their holdings of MDR. Private Advisor Group LLC bought a new stake in shares of McDermott International during the 2nd quarter valued at $106,000. Cubist Systematic Strategies LLC bought a new stake in shares of McDermott International during the 3rd quarter valued at $112,000. Everence Capital Management Inc. bought a new stake in shares of McDermott International during the 2nd quarter valued at $116,000. Meeder Asset Management Inc. raised its stake in shares of McDermott International by 234.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 16,144 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 11,310 shares during the period. Finally, World Asset Management Inc bought a new stake in shares of McDermott International during the 2nd quarter valued at $134,000. Hedge funds and other institutional investors own 86.11% of the company’s stock.

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McDermott International Company Profile

McDermott International, Inc is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects.

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