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McDermott International, Inc. was a big mover last session, as the company saw its shares rise more than 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.58 to $7.96 in the past one-month time frame.
The move came after the company announced the latest contract award from Saudi Aramco and received an analyst upgrade. Also, it revised 2017 view and issued 2018 guidance.
The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
McDermott currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
Is MDR going up? Or down? Predict to see what others think: Up or Down
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McDermott (MDR) Surges: Stock Moves 14.3% Higher
McDermott International, Inc. was a big mover last session, as the company saw its shares rise more than 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.58 to $7.96 in the past one-month time frame.
The move came after the company announced the latest contract award from Saudi Aramco and received an analyst upgrade. Also, it revised 2017 view and issued 2018 guidance.
The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
McDermott currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
McDermott International, Inc. Price
McDermott International, Inc. Price | McDermott International, Inc. Quote
A better-ranked stock in the Oil and Gas - Mechanical and Equitment industry is Matrix Service Company (MTRX - Free Report) , which currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is MDR going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>