McDermott International Inc (MDR): Today's Featured Materials & Construction Loser
(
) pushed the Materials & Construction industry lower today making it today's featured Materials & Construction loser. The industry as a whole was unchanged today. By the end of trading, McDermott International fell 36 cents (-3.3%) to $10.53 on average volume. Throughout the day, 3.5 million shares of McDermott International exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $10.42-$11 after having opened the day at $10.94 as compared to the previous trading day's close of $10.89. Other company's within the Materials & Construction industry that declined today were:
(
), down 9.6%,
Integrated Electrical Services
(
), down 7.1%,
Perma-Fix Environmental Services
(
), down 6.9%, and
TheStreet Recommends
(
), down 5.7%.
McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. It focuses on designing and executing complex offshore oil and gas projects. McDermott International has a market cap of $2.48 billion and is part of the
sector. The company has a P/E ratio of 16.6, below the average materials & construction industry P/E ratio of 18.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 17.8% year to date as of the close of trading on Monday. Currently there are 11 analysts that rate McDermott International a buy, two analysts rate it a sell, and one rates it a hold.
TheStreet Ratings rates McDermott International as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.
- You can view the full McDermott International Ratings Report.
On the positive front,
(
), up 14.6%,
(
), up 14.5%,
(
), up 9.8%, and
(
), up 5.9%, were all gainers within the materials & construction industry with
(
) being today's featured materials & construction industry winner.
- Use our materials & construction section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the materials & construction industry could consider
(
) while those bearish on the materials & construction industry could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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