McDermott International, Inc. (NYSE:MDR) stock is presently standing at about $7.20 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 11 analysts covering the company is $6.00, which suggests the stock could still rise over -20 percent. The highest analyst price target is $7.50, which implies a rally of 96 percent. And a quick view of analyst notes show that 4 are rating the stock a buy while 0 rate MDR a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.
Sterne Agee CRT analysts provided their view on McDermott International, Inc. (NYSE:MDR) recently. The rating firm issued a Neutral rating to this company in a research note released on May 24, 2016. Credit Suisse analysts disclosed their opinion on McDermott International, Inc. (NYSE:MDR) recently. The rating firm gave a Neutral rating to this stock in a research note published on Apr 04, 2016. According to a research note disclosed on Mar 28, 2016, analysts at Scotia Howard Weil have upped their rating on these shares from Sector Perform to Sector Outperform.
McDermott International, Inc. (NYSE:MDR) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director TRICE DAVID A Purchased 20,000 company shares for $83000.2, in a transaction on 2014-11-14. Following the transaction, the Director is left with a stake of 83.2 shares, currently valued at $599. Meanwhile, President and CEO Dickson David sold 70,000 shares worth $502000.6, through a transaction dated 2014-09-05. Following the completion of the transaction, the insider is left with a stake of 396,432 shares, amounting $2854310.4. MDR President and CEO Dickson David also sold 70,000 shares, at a stock price of $7.18. This transaction occurred on 2014-09-05 totals $502000.6. After this transaction, the insider’s stake stands at 396,432 shares, with a market value of $2854310.
Executives hold 2.54 percent of the stock. Bruce W. Wilkinson is one of the biggest insider owners in McDermott International, Inc. (NYSE:MDR), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 685,832 shares which have current market value of around $4937990.4.Mr. David Dickson is another major inside shareholder in the company. The insider owns 622,582 shares as of 0.26%, currently worth $4482590.4. Stephen M. Johnson is ranked as third insider holder of the stock. This insider holds 542,210 shares with a market value around $3903912 as of recent close.
McDermott International, Inc. (NYSE:MDR) Earnings Outlook
In McDermott International, Inc. (NYSE:MDR)’s latest quarter, EPS moved to $0.09 from $0.08 in preceding quarter and revenues reached at $558.54M compared to $706.63M. Analysts had expected McDermott International, Inc. (NYSE:MDR) to post net income of about $-0.07 per share on $630.04M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.03 to $0.08. That is compared with the $0.06 in EPS it reported during the same period a year ago.