McDermott International (MDR) has risen sharply, recording gains of 1.81% in the past 4 weeks. However, the stock has corrected -2.32% in the past 1 week, providing a good buying opportunity on dips. McDermott International (MDR) : During the past 4 weeks, traders have been relatively bearish on McDermott International (MDR), hence the stock is down -0.66% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.73% relative to the S&P 500.
McDermott International (NYSE:MDR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.92 and $4.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.06, notching a gain of 3.48% for the day. The total traded volume was 2,140,937 . The stock had closed at $4.89 on the previous day.
The stock has recorded a 20-day Moving Average of 2.1% and the 50-Day Moving Average is 4.2%. McDermott International Inc. is up 15.79% in the last 3-month period. Year-to-Date the stock performance stands at 51.04%.
McDermott International (MDR) : 6 Wall Street analysts covering McDermott International (MDR) believe that the average level the stock could reach for the short term is $5.5. The maximum price target given is $7 and the minimum target for short term is around $4, hence the standard deviation is calculated at $1.34.
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.