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Stock Market & Financial Investment News

News Breaks
February 8, 2013
10:06 EDTMDRMcDermott awarded Saudi Aramco award contract, Upstreamonline reports
McDermott has been selected by Saudi Aramco to carry out the phase two upgrade of the giant offshore Safaniyah oilfield following a two-horse race between the US-based company and Italy’s Saipem, Upstreamonline reports. Reference Link
News For MDR From The Last 14 Days
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March 5, 2015
10:45 EDTMDRMcDermott management to meet with Johnson Rice
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March 3, 2015
10:26 EDTMDRHigh option volume stocks
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09:26 EDTMDROn The Fly: Pre-market Movers
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March 2, 2015
18:52 EDTMDROn The Fly: After Hours Movers
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16:22 EDTMDRMcDermott jumps 20% after revenue outlook beats expectations
16:22 EDTMDRMcDermott awarded initial work for Marjan GOSP power generation system
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16:20 EDTMDRMcDermott sees FY15 revenue $3.3B-$3.6B, consensus $2.79B
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16:18 EDTMDRMcDermott reports Q4 EPS 3c, consensus (6c)
Reports Q4 revenue $806.4M, consensus $715.83M. As of December 31, 2014, the company’s backlog was $3.6B, compared to $4.0B at September 30, 2014. Of the December 31, 2014 backlog, approximately 43% related to offshore operations and approximately 57% related to subsea operations. Order intake in Q4 totaled $427.7M and included a pipeline repair project in Brunei and change orders on existing projects. At December 31, 2014, the company had $8.6B in bids and change orders outstanding compared to $10.5B at September 30, 2014. At December 31, 2014, the company was targeting to bid approximately $17.6B in projects that it expects to be awarded to the market through March 31, 2016. In total, the company’s potential revenue pipeline was $29.8B as of December 31, 2014
15:23 EDTMDRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Mylan (MYL), consensus $1.05... Nabors Industries (NBR), consensus 39c... PRA Group (PRAA), consensus $1.11... Caesars Entertainment (CZR), consensus ($1.65)... Cumulus Media (CMLS), consensus 9c... Arena Pharmaceuticals (ARNA), consensus (12c)... Palo Alto Networks (PANW), consensus 17c... Guidewire Software (GWRE), consensus 11c... McDermott International (MDR), consensus (6c)... Salix Pharmaceuticals (SLXP), consensus (25c)... Matador Resources (MTDR), consensus 19c... Sanchez Energy (SN), consensus (11c).
February 25, 2015
05:20 EDTMDRMcDermott and Petrofac form five-year strategic alliance
McDermott and Petrofac Limited announced they have formed a strategic marketing alliance to pursue top-tier deepwater subsea, umbilical, riser and flowline, or SURF, projects. The five-year alliance expects to provide oil and gas companies a competitive, integrated solution across a broad range of complex engineer, procure, construct, install Subsea projects in deep and ultra-deepwater across the US Gulf of Mexico, Mexico, Brazil, the North Sea, Mediterranean and West Africa. SURF projects are expected to be above $200M, with the project scope anticipated to be split between partners roughly equally, but according to the specifics of a particular opportunity, and governed by separate project agreements.

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