McDermott International Inc
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Energy : Energy Equipment & Services | Small Cap ValueCompany profile

McDermott International, Inc. is a provider of integrated engineering, procurement, construction and installation (EPCI), front-end engineering and design (FEED) and module fabrication services for upstream field developments across the world. The Company delivers fixed and floating production facilities, pipeline installations and subsea systems from concept to commissioning for offshore and subsea oil and gas projects. It operates through three segments: the Americas, Europe and Africa (AEA), the Middle East (MEA) and Asia (ASA). As of December 31, 2016, operated in approximately 20 countries across the Americas, Europe, Africa, the Middle East, Asia and Australia, its integrated resources include a diversified fleet of marine vessels, fabrication facilities and engineering offices. It support its activities with project management and procurement services, while utilizing its fully integrated capabilities in both shallow water and deepwater construction.

Closing Price
$7.60
Day's Change
-0.11 (-1.43%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.75
Day's Low
7.49
Volume
(Light)
Volume:
3,105,586

10-day average volume:
4,341,917
3,105,586

UPDATE: Stocks surge after robust jobs report and dovish Powell remarks

4:21 pm ET January 4, 2019 (MarketWatch)
Print

U.S. stocks surged higher on Friday, buoyed by a better-than-expected jobs report for December and dovishly interpreted remarks by the chairman of the Federal Reserve. The Dow Jones Industrial Average climbed more than 700 points, or 3.3%, the S&P 500 finished up 3.4% and the Nasdaq Composite was the best-performing major index, closing up 4.3%. Before the market open the Bureau of Labor Statistics said the U.S. economy added 312,000 jobs in December. Economists polled by MarketWatch were expecting an increase of 182,000. Stocks received a further boost when Federal Reserve Chairman Jerome Powell said during a panel discussion that the central bank "will be patient as we watch to see how the economy evolves." Investors had become concerned that rising interest rates were weighing on equity prices. In company news, shares of Netflix Inc. (NFLX) rose more than 9% after Goldman Sachs added the company to its Conviction List.

-Aaron Hankin; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 04, 2019 16:21 ET (21:21 GMT)

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