Maxwell Resources Inc Q4 2017 Institutional Investor Sentiment Better Than Expected

May 16, 2018 - By Winifred Garcia

Sentiment for Maxwell Resources Inc (NYSE:MRC)

Maxwell Resources Inc (NYSE:MRC) institutional sentiment increased to 1.01 in 2017 Q4. Its up 0.01, from 1 in 2017Q3. The ratio is more positive, as 73 investment managers opened new or increased positions, while 72 decreased and sold their equity positions in Maxwell Resources Inc. The investment managers in our partner’s database now hold: 87.05 million shares, down from 88.03 million shares in 2017Q3. Also, the number of investment managers holding Maxwell Resources Inc in their top 10 positions increased from 0 to 2 for an increase of 2. Sold All: 24 Reduced: 48 Increased: 58 New Position: 15.

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related services and products to the energy industry in the United States, Canada, and internationally. The company has market cap of $1.82 billion. The firm supplies products across various markets, such as upstream, midstream, and downstream. It has a 75.3 P/E ratio. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

It closed at $20.33 lastly. It is down 7.82% since May 16, 2017 and is downtrending. It has underperformed by 19.37% the S&P500.

Analysts await MRC Global Inc. (NYSE:MRC) to report earnings on August, 2. They expect $0.21 EPS, up 950.00 % or $0.19 from last year’s $0.02 per share. MRC’s profit will be $18.83 million for 24.20 P/E if the $0.21 EPS becomes a reality. After $0.13 actual EPS reported by MRC Global Inc. for the previous quarter, Wall Street now forecasts 61.54 % EPS growth.

Mcclain Value Management Llc holds 5.39% of its portfolio in MRC Global Inc. for 241,224 shares. Schneider Capital Management Corp owns 392,176 shares or 1.46% of their US portfolio. Moreover, Impax Asset Management Llc has 1.42% invested in the company for 1.46 million shares. The United Kingdom-based Ardevora Asset Management Llp has invested 1.08% in the stock. Fortaleza Asset Management Inc, a Illinois-based fund reported 8,300 shares.

Since January 1, 0001, it had 0 insider buys, and 6 insider sales for $20.61 million activity.

MRC Global Inc. (NYSE:MRC) Ratings Coverage

Ratings analysis reveals 100% of MRC Global’s analysts are positive. Out of 4 Wall Street analysts rating MRC Global, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $18.0 while the high is $24.0. The stock’s average target of $22.33 is 9.84% above today’s ($20.33) share price. MRC was included in 8 notes of analysts from December 10, 2017. The stock of MRC Global Inc. (NYSE:MRC) earned “Buy” rating by Susquehanna on Friday, April 13. As per Monday, April 16, the company rating was maintained by Stifel Nicolaus. The stock of MRC Global Inc. (NYSE:MRC) has “Buy” rating given on Sunday, December 10 by Stifel Nicolaus. The rating was maintained by Stephens with “Buy” on Friday, February 16. The firm earned “Buy” rating on Tuesday, January 16 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $21 target in Friday, May 4 report. Susquehanna maintained MRC Global Inc. (NYSE:MRC) on Friday, January 12 with “Buy” rating.

More news for MRC Global Inc. (NYSE:MRC) were recently published by: Seekingalpha.com, which released: “MRC Global 2018 Q1 – Results – Earnings Call Slides” on May 04, 2018. Globenewswire.com‘s article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Cognex, MRC Global, Fulton Financial, Synovus …” and published on May 14, 2018 is yet another important article.

MRC Global Inc. (NYSE:MRC) Institutional Positions Chart

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