McDermott International Inc. (MDR) Soars 10.8%

McDermott International Inc. (MDR) Soars 10.8%

McDermott International Inc. (MDR) had a good day on the market for Thursday October 10 as shares jumped 10.8% to close at $1.95. About 25.35 million shares traded hands on 55,188 trades for the day, compared with an average daily volume of n/a shares out of a total float of 181.73 million. After opening the trading day at $1.76, shares of McDermott International Inc. stayed within a range of $1.99 to $1.76.

With today’s gains, McDermott International Inc. now has a market cap of $354.37 million. Shares of McDermott International Inc. have been trading within a range of $18.02 and $1.44 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

McDermott International Inc provides integrated engineering, procurement, construction and installation, and module fabrication services for oil and gas field developments worldwide. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems for complex offshore and subsea oil and gas projects. Revenue is derived internationally, and customers include national, major integrated, and other oil and gas companies. Contracts are executed through a series of different methods, principally fixed-price, but also include fixed reimbursable, cost-plus, day-rate, and unit-rate basis.

McDermott International Inc. is based out of Houston, TX and has some 31,900 employees. Its CEO is David Dickson.

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