McDermott (MDR) International Slumps: Stock Tumbles 8.3% - Tale of the Tape
March 05 2014 - 9:00AM
Zacks
McDermott International
Inc. (MDR) saw a big move last session, as the company’s
shares fell by over 8% on the day. The move came on pretty good
volume too with far more shares changing hands than in a normal
session. This continues the recent downtrend for MDR, as the stock
is down over 9% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the
oil field machine & equipment company has seen 1 negative
revision in the past few weeks and its current year earnings
consensus has moved lower over the last 30 days. This suggests
there may be more trouble down the road. So make sure to keep an
eye on this stock going forward to see if this recent slump will
continue, as the earnings picture definitely suggests that this
might be the case.
MDR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is
0.0%.
Some better-ranked stocks in the Oil/Energy sector include
Profire Energy, Inc. (PFIE), Cheniere
Energy Partners LP. (CQP) and Emerge Energy
Services LP (EMES). All these stocks carry a Zacks Rank#1
(Strong Buy).
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