McDermott International (NYSE:MDR) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $4. The average forecast of all the analysts is $4.92 and the expected standard deviation is $1.02.
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): stock turned positive on Thursday. Though the stock opened at $5.02, the bulls momentum made the stock top out at $5.14 level for the day. The stock recorded a low of $4.97 and closed the trading day at $5.13, in the green by 4.06%. The total traded volume for the day was 3,524,325. The stock had closed at $4.93 in the previous days trading.
The company shares have dropped -9.54% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $6.00 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $4.64 and the 200 Day Moving Average price is recorded at $3.76. On the companys insider trading activities, Trice David A, director of Mcdermott International Inc had purchased 20,000 shares on November 14, 2014 in a transaction. The price per share was $4.16 and the total amount of the disclosed transaction was $83,200.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.