McDermott International, Inc. (MDR) Forms Bearish Head & Shoulders Trading at $21.97

May 16, 2018 - By Catherine Smith

McDermott International, Inc. (NYSE:MDR) Corporate Logo

During Q4 2017 the big money sentiment increased to 1.48. That’s change of 0.32, from 2017Q3’s 1.16. 16 investors sold all, 72 reduced holdings as McDermott International, Inc. ratio improved. 78 increased positions while 52 funds amassed positions. Funds hold 265.26 million shares thus 9.10% more from 2017Q3’s 243.14 million shares.
Morgan Stanley accumulated 1.75M shs or 0% of the stock. Mason Street Advsr Ltd Liability reported 73,868 shs. Deutsche Bank & Trust Ag stated it has 2.15M shs. Canal Ins reported 182,400 shs. Teacher Retirement Systems Of Texas owns 0% invested in McDermott International, Inc. (NYSE:MDR) for 94,788 shs. Profund Advisors Ltd Liability reported 43,866 shs stake. Pnc Services Grp Inc has 0% invested in McDermott International, Inc. (NYSE:MDR). Cornercap Investment Counsel Inc stated it has 0.22% in McDermott International, Inc. (NYSE:MDR). Arizona State Retirement Sys has invested 0.03% of its capital in McDermott International, Inc. (NYSE:MDR). Ngam Advsr L P stated it has 0% in McDermott International, Inc. (NYSE:MDR). Aperio Group Inc Limited, California-based fund reported 105,181 shs. Balyasny Asset Mngmt Limited holds 29,121 shs or 0% of its capital. Shelton Capital stated it has 28,199 shs. Oppenheimer And Company Incorporated stated it has 26,800 shs or 0% of all its holdings. 15,540 were accumulated by Patten Grp Inc.

Head and Shoulders was formed by McDermott International, Inc. (MDR). It has $20.21 [Target] or $21.97 share price. The stock has $3.95B market cap. The Head and Shoulders technical pattern was reported on May, 16 by Faxor.com. At our $20.21 price target, the company worth will be $316.00M less.

The stock increased 3.78% or $0.8 during the last trading session, reaching $21.97.Currently McDermott International, Inc. is after 0.00% change in last May 16, 2017. MDR has 2.67M shares volume. MDR underperformed the S&P 500 by 11.55%.

McDermott International, Inc. (NYSE:MDR)’s earnings release is expected by WallStreet on July, 24, according to Faxor. EPS of $0.27 is 30.77 % down from 2017’s $0.39 EPS. This could reach $48.54 million profit for MDR assuming the current $0.27 EPS will become reality. After $0.51 EPS report last quarter, Wall Street now sees -47.06 % negative EPS growth of McDermott International, Inc..

McDermott International, Inc. (NYSE:MDR) Ratings Coverage

In total 6 analysts cover Mcdermott International (NYSE:MDR). “Buy” rating has 2, “Sell” are 1, while 3 are “Hold”. (NYSE:MDR) has 33% bullish analysts. With $10.5 highest and $8.3 lowest target, Mcdermott International has $9.40 average target or -57.21% below the current ($21.97) price. 6 are the (NYSE:MDR)’s ratings reports on May 16, 2018 according to StockzIntelligence Inc. The stock rating was maintained by Citigroup with “Neutral” on Thursday, January 25. On Thursday, February 22 the company was maintained by Credit Suisse. In Wednesday, January 24 report KeyBanc Capital Markets upgraded the stock to “Overweight” rating. On Thursday, February 22 the rating was maintained by Alembic with “Buy”. On Thursday, February 22 Deutsche Bank maintained McDermott International, Inc. (NYSE:MDR) with “Hold” rating.

A couple more McDermott International, Inc. (NYSE:MDR) news were brought out by: Bizjournals.com which released on May 10, 2018 “Exclusive: McDermott eyes new Houston headquarters after merger closes”, also Globenewswire.com on May 10, 2018 brought out “McDermott Completes Combination with CB&I”, the next Bizjournals.com is “5 things to know in Texas energy this week” on May 14, 2018. Streetinsider.com has article titled “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)”.

McDermott International, Inc. (NYSE:MDR) Institutional Investors Chart

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