McDermott (MDR) International Slumps: Stock Tumbles 8.3% - Tale of the Tape

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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