McDermott International Inc.
) 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
Some better-ranked stocks in the Oil/Energy sector include
Profire Energy, Inc.
Cheniere Energy Partners LP.
Emerge Energy Services LP
). All these stocks carry a Zacks Rank#1 (Strong Buy).
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