|Bid||7.27 x 900|
|Ask||7.25 x 4000|
|Day's Range||7.18 - 7.52|
|52 Week Range||6.10 - 23.36|
|Beta (3Y Monthly)||4.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 29, 2019 - Aug 2, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.79|
The company would have trouble getting its Houston office count down to one. Its CEO said it would always have a presence in Houston.
Freeport LNG selects KBR as the preferred bidder for the EPC contract for Train 4 at Freeport's export facility near Freeport, TX.
A year out from the merger with Chicago Bridge & Iron, McDermott International Inc.’s (NYSE: MDR) top executive is still happy with the deal. If anything, the strategic rational behind the $6 billion merger is even stronger today than it was at the time, said David Dickson, president and CEO of McDermott. McDermott has also taken steps toward some new opportunities in liquefied natural gas despite some “negative surprises” in that sector after the merger, Dickson said.
HOUSTON, May 14, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that Train 1 of the Cameron LNG project in Hackberry, La., has begun producing liquefied natural gas (LNG). "When a facility starts producing a product, it is always a significant accomplishment, especially for such a large-scale project like Cameron LNG," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America. "We are proud of our project team for this achievement and for their exceptional safety performance during the construction phase.
HOUSTON, May 14, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced the award of a significant* contract by Petrobras for engineering, procurement, construction and installation of subsea risers and flowlines for the first phase of the Sepia field, located 174 miles (280 kilometers) from the Rio de Janeiro coastline in Brazil. The project scope includes detailed engineering, surveys, supply, installation and pre-commissioning of rigid pipelines, jumpers, buoyance modules, strakes and riser monitoring systems for seven-riser wells (3 producers and 4 injector wells) connected to the floating production, storage and offloading (FPSO) Carioca vessel. "McDermott has had a strong presence in Brazil going back more than four decades, and we see tremendous opportunity for growth in the region," said Mark Coscio, McDermott's Senior Vice President for North, Central and South America.
HOUSTON, May 13, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced that it has been awarded a sizeable* technology contract by Chennai Petroleum Corporation Limited (CPCL), a group company of IndianOil, for the license, basic engineering design and proprietary catalyst supply for a 475 KTA (Kilo Tons per Annum) polypropylene plant in Nagapattinam, Tamil Nadu, India.
HOUSTON, May 9, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project. The scope of work also includes the preparation and submission of an EPCI proposal reflecting the design of the offshore facilities developed by McDermott through this FEED work. "This award reflects the market's recognition that McDermott is well qualified to provide execution-focused engineering design services to clients," said Linh Austin, McDermott's Senior Vice President, Middle East and North Africa.
“We’ve still got a bit of work to go,” CEO David Dickson said on the sidelines of the Offshore Technology Conference in Houston. “But generally things are getting very much under control.”
HOUSTON, May 7, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today reiterated the position it had announced on April 29, 2019, that its Cameron LNG project did not experience any material change in its cost position in the first quarter of 2019. The company's statement comes in response to an announcement yesterday by Chiyoda Corporation, McDermott's joint venture partner in executing the contract, that Chiyoda had recorded an unquantified change in estimate on the Cameron project in the first quarter of 2019, along with charges on other projects, pending arbitration cases and other matters. McDermott is not involved in Chiyoda's new Strategy & Risk Integration Division, which was mentioned in its news release.
HOUSTON , May 2, 2019 /PRNewswire/ -- McDermott International, Inc. (NYSE: MDR) announced today the results of its Annual Meeting of Stockholders held Thursday, May 2, 2019 in London, England . Based on ...
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HOUSTON, May 1, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced it has been awarded a sizeable* contract by ADNOC Refining to provide front-end engineering design (FEED) services for the Refinery Offgases (ROG) project at the Ruwais Refinery in Abu Dhabi. The ROG FEED services will be used as the basis for the preparation of the engineering, procurement and construction management (EPCM) estimate and inquiry phase. Work on the project will begin immediately, and the contract award will be reflected in McDermott's second quarter 2019 backlog.
McDermott (MDR) expects its operating performance to improve in the second half of 2019 on higher utilization, merger cost synergies and the implementation of recent bookings.
HOUSTON, April 30, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) today announced the award of a contract by ENI México for engineering, procurement and construction of wellhead platform one (WHP1) to be installed in the Amoca field, located approximately 18 miles (30 kilometers) offshore Dos Bocas in southeast Mexico.
On a per-share basis, the Houston-based company said it had a loss of 39 cents. Earnings, adjusted for restructuring costs and non-recurring costs, were 2 cents per share. The maker of offshore drilling ...
HOUSTON, April 29, 2019 /PRNewswire/ -- McDermott International, Inc. (MDR) announced today it has recently successfully completed the final offshore campaign for the INPEX-operated Ichthys LNG Project, located offshore Western Australia. This was the second of two remaining work packages left under McDermott's contract, which was the largest subsea contract ever awarded at the time. Most of the EPCI for the SURF contract awarded in January 2012 was completed by the end of 2017.
New awards of $6.7 billion and book-to-bill ratio of 3.0x 41% sequential-quarter increase in backlog to $15.4 billion No material increase in cost estimates on Cameron LNG and Freeport LNG projects; Cameron ...
Things are looking up for energy construction and engineering firm McDermott International Inc. MDR. The Houston-based company has formed a potentially important chart pattern. The chart of MDR, below, shows that after having made a series of lower highs from May through September of last year, selling pressure was finally sufficient to break price below the $17.
While the North America business environment remains challenging, both Schlumberger (SLB) and Halliburton (HAL) expect international drilling activity to continue with the broad-based recovery.
- Technology award for Kuwait Integrated Petroleum Industries Company (KIPIC) Petrochemical Refinery Integration Project (PRIZe) in Kuwait - Award includes basic engineering, technology license, and catalyst ...