McDermott International (MDR): Price Target and June Short Interest Disclosure

McDermott International (MDR) : The highest short term price target forecast on McDermott International (MDR) is $7 and the lowest target price is $4. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $5.08 with a standard deviation of $1.28.

McDermott International (MDR) reported a drop of 0.1% or 40,128 shares in its short interest. The short figure came in at 13.9% of the total floats. The average daily volume of 3,321,188 shares suggests that the days to cover 33,004,544 short positions, as on June 30,2016, will be 10. On June 15,2016, the short interest was 33,044,672 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Sterne Agee initiates coverage on McDermott International (NYSE:MDR). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on May 24, 2016.


McDermott International (NYSE:MDR): On Thursdays trading session , Opening price of the stock was $5.1 with an intraday high of $5.14. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.01. However, the stock managed to close at $5.03, a loss of 0.20% for the day. On the previous day, the stock had closed at $5.04. The total traded volume of the day was 2,136,660 shares.

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.

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