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McDermott International CEO Stephen Johnson Bought 102,368 Shares

June 07, 2012 | About:

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.

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