MDR - McDermott International, Inc.

NYSE - NYSE Delayed Price. Currency in USD
10.53
+0.13 (+1.25%)
At close: 4:02PM EDT
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Previous Close10.40
Open10.43
Bid0.00 x 2200
Ask0.00 x 3000
Day's Range10.33 - 10.57
52 Week Range5.91 - 20.63
Volume2,468,220
Avg. Volume4,527,733
Market Cap1.913B
Beta (3Y Monthly)4.44
PE Ratio (TTM)N/A
EPS (TTM)-16.31
Earnings DateJul 29, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2000-06-13
1y Target Est11.96
Trade prices are not sourced from all markets
  • McDermott (MDR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
    Zacks2 days ago

    McDermott (MDR) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

    McDermott (MDR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • PR Newswire2 days ago

    McDermott, Chiyoda and Zachry Group Introduce Feed Gas to Train 1 at Freeport LNG

    HOUSTON, July 22, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) along with its partners, Chiyoda International Corporation and Zachry Group, announced today that Train 1 of the Freeport LNG Liquefaction project on Quintana Island in Freeport, Texas, has reached the final commissioning stage. This includes the introduction of feed gas into Train 1 of the natural gas liquefaction and LNG export facility. "We are extremely proud of the Freeport LNG project team for reaching this major milestone at this unique LNG production facility," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America.

  • PR Newswire5 days ago

    McDermott Awarded Pre-FEED Contract by YPF for Vaca Muerta LNG in Argentina

    HOUSTON, July 19, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by Argentina-based YPF, S.A. to provide pre-front-end engineering design (Pre-FEED) services for a five million tonnes per annum (MTPA) LNG Liquefaction Facility, with a potential expansion to 10 MTPA, at the Vaca Muerta Shale field in Argentina. The scope of work is a continuation of a previous conceptual study developed for the YPF LNG Export Facility in Argentina under a contract in 2018.

  • The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum
    Zacks7 days ago

    The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum

    The Zacks Analyst Blog Highlights: Callon Petroleum, Carrizo Oil & Gas, McDermott International and Occidental Petroleum

  • Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More
    Zacks8 days ago

    Oil & Gas Stock Roundup: Callon Petroleum's Acquisition, McDermott's Contract Wins & More

    Shale producer Callon Petroleum (CPE) agreed to buy smaller E&P player Carrizo Oil & Gas (CRZO) for $3.2 billion, while McDermott International (MDR) clinched twin contracts from Saudi Aramco.

  • McDermott (MDR) Scoops Up FEED Contract for Oman LNG Project
    Zacks8 days ago

    McDermott (MDR) Scoops Up FEED Contract for Oman LNG Project

    The value of McDermott's (MDR) latest FEED contract, which is expected within $1-$50 million, is going to be reflected in second-quarter 2019 backlog.

  • McDermott Wins FEED Award for North Field Expansion Project
    Zacks9 days ago

    McDermott Wins FEED Award for North Field Expansion Project

    The value of McDermott's (MDR) latest FEED contract, which is expected within $1-$50 million, will be reflected in second-quarter 2019 backlog.

  • PR Newswire9 days ago

    McDermott Announces Date for Second Quarter 2019 Financial Results and Conference Call

    HOUSTON , July 15, 2019 /PRNewswire/ --   McDermott International, Inc. (NYSE:MDR) will report financial results for the second quarter of 2019 on Monday, July 29, 2019 after the close of the U.S. markets. ...

  • PR Newswire9 days ago

    McDermott Awarded FEED Contract for Sohar LNG Bunkering Project in Oman

    HOUSTON, July 15, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by Total Oman E&P Development B.V. in partnership with Oman Oil Company S.O.A.C. to provide front-end engineering design (FEED) services for the Sohar LNG Bunkering Project in Oman. This project is intended to establish Oman as a regional LNG bunkering hub capable of supplying LNG as a fuel to marine vessels.

  • McDermott Wins EPCI Contracts Worth $4.5B From Saudi Aramco
    Zacks13 days ago

    McDermott Wins EPCI Contracts Worth $4.5B From Saudi Aramco

    The value of the latest two contracts will be reflected in McDermott's (MDR) second-quarter 2019 backlog.

  • McDermott receives major chunk of Saudi Aramco's $18B of contracts
    American City Business Journals13 days ago

    McDermott receives major chunk of Saudi Aramco's $18B of contracts

    The Houston company's $3 billion and $1.5 billion EPCI offshore contracts were the largest Saudi Aramco awarded for the Marjan increment development program.

  • Why McDermott International Skyrocketed 59.9% in June
    Motley Fool13 days ago

    Why McDermott International Skyrocketed 59.9% in June

    The energy engineering and technology company bounced back from steep sell-offs thanks to a string of new contracts.

  • McDermott Announces Successful Startup of World's Largest Catalytic Dehydrogenation Plant
    PR Newswire13 days ago

    McDermott Announces Successful Startup of World's Largest Catalytic Dehydrogenation Plant

    - Plant utilizes Lummus CATOFIN® technology and catalyst provided by Clariant - World's largest catalytic dehydrogenation unit, located at Hengli Petrochemical (Dalian) Refinery Co., Ltd.'s site in Liaoning ...

  • PR Newswire13 days ago

    McDermott Awarded Sizeable Offshore Engineering Contract by Qatar Petroleum

    HOUSTON, July 11, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by Qatar Petroleum (QP) to carry out front-end engineering and design (FEED) work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion (NFE) project. The FEED contract will be executed from McDermott's Doha offices, with drafting to be executed in Chennai. Work on the project will begin immediately, and the contract award will be reflected in McDermott's second quarter 2019 backlog.

  • Gulf of Mexico oil and gas producers evacuate ahead of storm (updated)
    American City Business Journals14 days ago

    Gulf of Mexico oil and gas producers evacuate ahead of storm (updated)

    About 53 percent of oil production and 45 percent of natural gas production in the Gulf of Mexico has been shut down.

  • Shares of McDermott International Spike Today on Saudi Contract Award
    Motley Fool14 days ago

    Shares of McDermott International Spike Today on Saudi Contract Award

    The company secured more than $4.5 billion in work from the most recent project at Saudi Aramco.

  • McDermott Stock Soars After $1.5B Saudi Contract Award
    Investopedia14 days ago

    McDermott Stock Soars After $1.5B Saudi Contract Award

    McDermott shares moved sharply higher as its backlog continues to grow, but traders will be closely watching these key levels.

  • See which Houston-based public energy cos. had the biggest changes in employees last year
    American City Business Journals14 days ago

    See which Houston-based public energy cos. had the biggest changes in employees last year

    The largest change — a 20,100-person increase — was thanks to a multibillion-dollar acquisition that closed in 2018.

  • TheStreet.com14 days ago

    [video]McDermott Spikes After Securing Saudi Aramco Deal

    The company has been awarded a contract in excess of $1.5 billion for a Saudi Aramco development project.

  • PR Newswire14 days ago

    McDermott Awarded EPCI Mega-Project by Saudi Aramco for Marjan Package 4

    HOUSTON, July 10, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a contract in excess of $1.5 billion for Package 4 of Saudi Aramco's Marjan Increment Development Project to provide engineering, procurement, construction and installation (EPCI) of offshore gas facilities and pipelines. Marjan Package 4 represents the second largest EPCI offshore contract awarded by Saudi Aramco in the Marjan Increment Development Project.

  • PR Newswire14 days ago

    McDermott Awarded Record EPCI Mega-Project by Saudi Aramco for Marjan Package 1

    - Award represents the single largest EPCI offshore contract awarded by Saudi Aramco - Project includes EPCI of a gas-oil separation platform, compression and accommodation facilities - McDermott leads ...

  • Bloomberg15 days ago

    Aramco Awards $18 Billion in Deals for Work at Oil Fields

    (Bloomberg) -- Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production.Saudi Arabia’s state oil company will add a combined 550,000 barrels a day of crude-production capacity at its Marjan and Berri fields, it said Tuesday in a statement. It will raise capacity for natural gas output at the deposits by 2.5 billion standard cubic feet a day. Aramco awarded 34 contracts, with half of them going to Saudi firms, according to the statement.McDermott International Inc., Saipem SpA of Italy, Norway-listed Subsea 7 SA, Tecnicas Reunidas SA of Spain and China Petroleum & Chemical Corp. were among the companies that won contracts, according to a photo that Aramco provided of the signing ceremony. India’s Larsen & Toubro Ltd. and Hyundai Engineering & Construction Co. of South Korea also secured deals.The statement itself didn’t identify the 16 companies that were awarded contracts, nor did it specify when the Marjan or Berri projects would be completed.Spare CapacityAramco, known officially as Saudi Arabian Oil Co., plans to bring about 1 million barrels a day of oil capacity online by 2023 in order to compensate for reductions at some other fields. Aramco plans to maintain production capacity of 12 million barrels a day even though it regularly pumps about 10 million barrels daily.Saudi Arabia, with the world’s biggest reserves of conventional crude, has long drawn on its prolific deposits to help balance global oil markets. Riyadh seeks to keep some spare capacity ready and available for rapid use in order to respond quickly to any shortages. The Organization of Petroleum Exporting Countries and allies including Russia agreed this month to extend production cuts into 2020 to try to prop up prices amid surging U.S. supplies.“These two programs will significantly enhance Saudi Aramco’s oil production and gas processing capabilities,” Chief Executive Officer Amin Nasser said in the statement. The field expansions will help meet “growing long-term demand for petroleum,” he said.Marjan’s development will add capacity of 300,000 barrels a day of Aramco’s Arabian Medium crude blend, according to the statement. The Berri project will contribute 250,000 barrels a day of additional capacity for Arabian Light crude. Aramco produces more Arabian Light than any other grade.(Updates with names of contract winners in third paragraph.)To contact the reporter on this story: Anthony DiPaola in Dubai at adipaola@bloomberg.netTo contact the editors responsible for this story: Nayla Razzouk at nrazzouk2@bloomberg.net, Bruce Stanley, Mohammed Aly SergieFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire19 days ago

    McDermott Announces Agreement with Cameron LNG

    HOUSTON, July 5, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced it and its joint venture member Chiyoda have reached an agreement with Cameron LNG related to the construction of its LNG liquefaction project in Louisiana. "Over the past year, we have further strengthened our relationship with Cameron LNG and our leadership, oversight, execution, forecasting and reporting on the project. In the last few months, the joint venture project team has made tremendous progress, including first liquid and first cargo from Train 1," said Samik Mukherjee, Group Senior Vice President, Projects.

  • McDermott Completes First of Two Offshore Campaigns for Reliance KG-D6 R Cluster Project
    PR Newswire22 days ago

    McDermott Completes First of Two Offshore Campaigns for Reliance KG-D6 R Cluster Project

    HOUSTON, July 2, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced it has completed the first of two offshore campaigns for Reliance Industries Ltd. KG-D6 R-Cluster subsea field development, in the Krishna Godavari Basin, located off the East Coast of India. The campaign included McDermott's piggy-back pipelay in S-lay mode (18-inch plus a 4-inch) offshore in India in approximately 4,265 feet (1,300 meters) water depth and the installation of 6-inch lines, PLETs and manifolds to water depths of approximately 6,300 feet (1,920 meters). McDermott used its derrick lay vessel, DLV 2000 to perform its first S-lay piggy-back pipelay.

  • PR Newswire23 days ago

    McDermott Provides Update on Asset Sale Process

    HOUSTON, July 1, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today provided an update on its asset sale process. The company has completed the sale of Alloy Piping Products (APP), the distribution and manufacturing arm of its U.S. pipe fabrication business. McDermott continues to pursue a sale of the remaining portion of the U.S. pipe fabrication business, with an objective of concluding a transaction by the end of the third quarter of 2019.