Stocks News Update: McDermott International Inc. (NYSE:MDR)


McDermott International Inc. (NYSE:MDR) added 7.17% and closed its last session at $6.88. The stock has the market capitalization of $1.66 Billion with the total outstanding shares of 241.34 Million. McDermott International Inc.. has Analysts’ Mean Recommendation of 2.78 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 163.81 for trailing twelve months while its Forward P/E is 36.4.

McDermott International Inc. (NYSE:MDR) touched its 52-Week High of $6.9 on Nov 30, 2016 while it’s 52-Week Low of $2.2 on Jan 20, 2016. The company currently has Return on Assets of 0.5 percent, Return on Equity of 1% and Return on Investment of 1.7 percent. The stock currently showing Weekly Volatility of 3.27%% and Monthly Volatility of 3.73% Percent with Average True Range of 0.23 and Beta of 1.46.

The 11 analysts offering 12-month price forecasts for McDermott International Inc have a median target of 6.00, with a high estimate of 7.50 and a low estimate of 4.00. The median estimate represents a -12.79% decrease from the last price of 6.88.

Press Release:

Tesoro Corporation on 10 November declared that William H. Schumann, III, has been elected to the Company`s Board of Directors, effective November 11, 2016.

Mr. Schumann served as Executive Vice President of FMC Technologies (FTI), a global provider of technology solutions for the energy industry, from 2007 until his retirement in 2012. Prior to that, he held various management positions of increasing responsibility during his 31-year career at FMC and its predecessor, FMC Corporation, including Executive Vice President and Chief Financial Officer; Vice President, Corporate Development; and Vice President and General Manager, Agricultural Products Group.

Mr. Schumann serves on the boards of directors of Avnet, Inc. (AVT) and McDermott International (MDR), and previously served on the boards of AMCOL International, URS Corporation, UAP Holding Corp. and Great Lakes Advisors, a registered investment advisor. Mr. Schumann also serves on the board of the Lake Forest-Lake Bluff Historical Society.

Company Profile:

McDermott International is one of the leading worldwide energy services companies. The company’s subsidiaries manufacture steam-generating equipment, environmental equipment, and products for the U.S. government. They also provide engineering and construction services for industrial, utility, and hydrocarbon processing facilities, and to the offshore oil and natural gas industry. (Company Press Release)