McDermott International Inc (MDR) Shares Bought by Sigma Planning Corp

Sigma Planning Corp boosted its stake in McDermott International Inc (NYSE:MDR) by 13.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 45,807 shares of the oil and gas company’s stock after acquiring an additional 5,422 shares during the period. Sigma Planning Corp’s holdings in McDermott International were worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MDR. Penserra Capital Management LLC increased its stake in shares of McDermott International by 96.8% during the fourth quarter. Penserra Capital Management LLC now owns 5,368 shares of the oil and gas company’s stock worth $35,000 after buying an additional 2,640 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of McDermott International during the first quarter worth approximately $39,000. Investors Research Corp purchased a new stake in shares of McDermott International during the first quarter worth approximately $63,000. BB&T Securities LLC purchased a new stake in shares of McDermott International during the fourth quarter worth approximately $66,000. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of McDermott International by 554.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 463,483 shares of the oil and gas company’s stock worth $71,000 after buying an additional 392,614 shares during the period. Hedge funds and other institutional investors own 88.76% of the company’s stock.

Shares of MDR opened at $7.16 on Wednesday. The company has a debt-to-equity ratio of 5.61, a current ratio of 0.70 and a quick ratio of 0.68. The company has a market capitalization of $1.29 billion, a P/E ratio of -7.23 and a beta of 2.73. McDermott International Inc has a 52-week low of $6.10 and a 52-week high of $23.36.

McDermott International (NYSE:MDR) last announced its quarterly earnings results on Monday, April 29th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.07). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.18 billion. McDermott International had a negative net margin of 33.44% and a negative return on equity of 5.13%. The business’s revenue for the quarter was up 263.7% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, sell-side analysts predict that McDermott International Inc will post 1.66 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. TheStreet lowered shares of McDermott International from a “c-” rating to a “d” rating in a research note on Monday, March 11th. ValuEngine upgraded shares of McDermott International from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research lowered shares of McDermott International from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. McDermott International currently has a consensus rating of “Hold” and an average price target of $23.50.

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About McDermott International

McDermott International, Inc provides engineering, procurement, construction and installation, and technology solutions to the energy industry worldwide. It operates through five segments: North, Central and South America; Europe, Africa, Russia and Caspian; the Middle East and North Africa; Asia Pacific; and Technology.

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Institutional Ownership by Quarter for McDermott International (NYSE:MDR)

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