McDermott International CEO Stephen Johnson Bought 102,368 Shares

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President and CEO of McDermott International increased his positions in the company on 6/6/2012. On 6/6/2012, he purchased 102,368 shares of MDR at an average price of $9.64, for a total cost of $986,828. Previously, he has not made any recent trades in the company.

McDermott International is one of the worldwide energy services companies. Mcdermott Intl has a market cap of $2.26 billion; its shares were traded at around $10.84 with a P/E ratio of 16.3 and P/S ratio of 0.7.

Ken Fisher owns 4,005,800 shares as of 03/31/2012, an increase of 73.83% from the previous quarter. This position accounts for 0.14% of the $37.47 billion portfolio of Fisher Asset Management, LLC. John Keeley owns 2,969,054 shares as of 03/31/2012, an increase of 17.93% from the previous quarter. This position accounts for 0.77% of the $4.94 billion portfolio of Keeley Fund Management. Ronald Muhlenkamp sold out his holdings in the quarter that ended on 03/31/2012.

Other insiders have also been recently increasing their positions in the company. SrVP, Gen.Counsel & Corp. Sec. Liane K Hinrichs bought 15,000 shares of MDR stock on 06/06/2012 at the average price of 9.6. Liane K Hinrichs owns at least 138,262 shares after this. The price of the stock has increased by 12.92% since. Additionally, directors Bradley Mcwilliams and John Bookout have also increased their positions in the company.

McDermott International has a fair value predicted to be $8.70. However, the company has a predictability rating of 1 star, and is also on watch, which means that results may not very accurate. According to GuruFocus' DCF calculator, MDR has a margin of safety of -20%.

MDR has an annual revenue growth average of 7.45 for the past 10 years, and -10.6% for the past 5 years. Earnings per share have been positive for 8 out the past 10 years historically, although they have been steadily decreasing since 2007. The company bought back $10 million worth of shares in 2011, but previously has been issuing new shares consistently since 2005. The company holds $702 million in cash and has $85 million worth of long term liabilities. Total liabilities are $1.26 billion.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: MDR

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