Company Overview and News

What's in Store for McDermott (MDR) This Earnings Season?

7h zacks
McDermott International, Inc. (MDR - Free Report) is expected to release first-quarter 2018 results before the opening bell on Apr 24. In the preceding three-month period, the company delivered a positive earnings surprise of 233.33% on the back of strong project execution, and increased marine and fabrication activities. Further, the company reported an average positive surprise of 247.07% in the trailing four quarters.
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Oil & Gas Stock Roundup: CVX's Gorgon Expansion, MDR & NOV's Operational Updates & More

2018-04-17 zacks
On the news front, U.S. supermajor Chevron Corp. (CVX - Free Report) gave its go-ahead to the $5.1 billion second stage of its massive Gorgon LNG project in Western Australia, while oilfield service providers McDermott International, Inc. (MDR - Free Report) and National Oilwell Varco, Inc. (NOV - Free Report) provided first-quarter operational updates.
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BRIEF-Mcdermott International Says ISS Recommends Mcdermott Stockholders Vote "For" Each Of Proposals Relating To Combination With CB&I

2018-04-17 reuters
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Leading Proxy Advisor Firm ISS Recommends McDermott Stockholders Vote “FOR” Each of the Proposals Relating to the Combination with CB&I

2018-04-17 globenewswire
HOUSTON, April 17, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (“McDermott”) (NYSE:MDR) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that McDermott stockholders vote “FOR” each of the proposals relating to the combination with CB&I (NYSE:CBI).
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Chicago Bridge & Iron: The Market's Not Making Sense

2018-04-16 seekingalpha
Chicago Bridge & Iron temporarily received investors' favor after management reported positive performance and expectations of a brighter future.
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[Press] Oil & Gas EPC Market - Analysis of Growth, Trends and Forecasts (2018 - 2023)

2018-04-12 oilvoice
In 2016, the global spending on oil and gas projects was about USD 437 billion, a decrease of nearly 41.7% when compared to that of 2014. Factors, such as a decline in the investments in oil and gas projects and cancellation of projects, worth USD 380 billion since 2014, have resulted in a severe downturn in the global oil & gas EPC market. As a result, it is tough to maintain the profit margins, which has fueled the level of competition between EPC contractors.
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McDermott (MDR) Concludes Phase 1 of Atlanta EPS Project

2018-04-11 zacks
McDermott International Inc. (MDR - Free Report) recently announced the successful completion of the first phase of the deep-water Atlanta Early Production System (EPS) for Brazilian upstream player Queiroz Galvão Exploração e Produção S.A. The Atlanta EPS project, located offshore Brazil, marks the first engineering, procurement, construction, and installation (EPCI) project undertaken by McDermott in Brazil.
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McDermott Completes Phase 1 of QGEP Atlanta Early Production System

2018-04-10 globenewswire
RIO DE JANEIRO, Brazil, April 10, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) announced today it completed the first phase of the deep-water Atlanta Early Production System (EPS), located approximately 115 miles (185 kilometers) offshore southeast of Rio de Janeiro, for independent Brazilian Exploration and Production company Queiroz Galvão Exploração e Produção S.A. (QGEP).
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Energy lenders may loosen credit spigots after oil's rally

2018-04-10 worldoil
Analysts expect oil and gas companies in the Permian Basin will receive the biggest increases in what they can borrow against the value of their oil reserves, mainly in Texas and New Mexico. But outside the region, particularly in Canada where producers get a lower price for heavy oil and natural gas, borrowing bases are expected to remain mostly flat or grow incrementally.
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Halliburton’s Next 7-Day Stock Price Forecast

2018-04-09 marketrealist
Halliburton’s (HAL) implied volatility was 32.5% on April 6, 2018. On January 22, 2018, the day Halliburton released its 4Q17 earnings, its implied volatility was 23%. Since then, Halliburton’s implied volatility has increased. HAL makes up 3.5% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment of the energy sector. XES has decreased 22% since January 22, 2018, compared to a 17% fall for HAL stock for the same period.
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McDermott Announces Date for First Quarter 2018 Financial Results and Conference Call

2018-04-09 globenewswire
HOUSTON, April 09, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) will report financial results for the first quarter 2018 on Tuesday, April 24, 2018.
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Incyte, NewLink Genetics Crash into Friday’s 52-Week Low Club

2018-04-06 247wallst
April 6, 2018: Here are four stocks trading with heavy volume among 80 equities making new 52-week lows in Friday’s session. On the NYSE decliners led advancers by about 4 to 1 and on the Nasdaq, decliners led advancers by somewhat less than 4 to 1.
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UPDATE - McDermott Encourages Stockholders to Vote “FOR” the Proposed Combination with CB&I

2018-04-06 globenewswire
HOUSTON, April 06, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) issued the following statement in response to a recent press release from Hotchkis & Wiley regarding the Company’s proposed combination with CB&I (NYSE:CBI):
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McDermott Encourages Stockholders to Vote “FOR” the Proposed Combination with CB&I

2018-04-06 globenewswire
HOUSTON, April 05, 2018 (GLOBE NEWSWIRE) -- McDermott International, Inc. (NYSE:MDR) issued the following statement in response to a recent press release from Hotchkis & Wiley regarding the Company’s proposed combination with CB&I (NYSE:CBI):
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BRIEF-McDermott International Prices $1.3 Bln Of 10.625% Senior Unsecured Notes Due 2024

2018-04-04 reuters
* MCDERMOTT INTERNATIONAL, INC. ANNOUNCES PRICING OF $1.3 BILLION OF 10.625% SENIOR UNSECURED NOTES DUE 2024 Source text for Eikon: Further company coverage:
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