Sentiment Change Report: Maxwell Resources Inc (NYSE:MRC)

July 18, 2017 - By Linda Rogers

 Sentiment Change Report: Maxwell Resources Inc (NYSE:MRC)

Sentiment for Maxwell Resources Inc (NYSE:MRC)

Maxwell Resources Inc (NYSE:MRC) institutional sentiment increased to 1.22 in 2016 Q4. Its up 0.17, from 1.05 in 2016Q3. The ratio has improved, as 95 hedge funds increased or opened new positions, while 78 reduced and sold their stakes in Maxwell Resources Inc. The hedge funds in our partner’s database now hold: 92.11 million shares, down from 92.46 million shares in 2016Q3. Also, the number of hedge funds holding Maxwell Resources Inc in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 18 Reduced: 60 Increased: 55 New Position: 40.

MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related services and products to the energy industry. The company has market cap of $1.56 billion. The Company’s divisions include the U.S., Canada and International. It currently has negative earnings. The Company’s U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

The stock decreased 0.06% or $0.01 on July 17, reaching $16.76. About shares traded. MRC Global Inc (NYSE:MRC) has risen 52.93% since July 18, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.

Mcclain Value Management Llc holds 3.63% of its portfolio in MRC Global Inc for 145,146 shares. Tweedy Browne Co Llc owns 4.81 million shares or 3.04% of their US portfolio. Moreover, Irving Magee Investment Management has 1.68% invested in the company for 213,068 shares. The Massachusetts-based Monarch Partners Asset Management Llc has invested 1.51% in the stock. Malaga Cove Capital Llc, a California-based fund reported 102,597 shares.#img1#

Since January 1, 0001, it had 0 buys, and 1 insider sale for $65,611 activity.

MRC Global Inc (NYSE:MRC) Ratings Coverage

Ratings analysis reveals 58% of MRC Global’s analysts are positive. Out of 12 Wall Street analysts rating MRC Global, 7 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $16 while the high is $25. The stock’s average target of $19.17 is 14.38% above today’s ($16.76) share price. MRC was included in 20 notes of analysts from August 6, 2015. The company was initiated on Friday, December 18 by KeyBanc Capital Markets. The company was upgraded on Tuesday, November 8 by Cowen & Co. The firm earned “Neutral” rating on Thursday, February 25 by Longbow. The rating was upgraded by Maxim Group on Thursday, August 4 to “Buy”. Maxim Group downgraded the shares of MRC in report on Tuesday, November 10 to “Hold” rating. The rating was maintained by Maxim Group on Thursday, August 6 with “Buy”. The firm earned “Sector Perform” rating on Monday, November 9 by KeyBanc Capital Markets. The company was upgraded on Tuesday, February 21 by Seaport Global Securities. The company was downgraded on Thursday, February 25 by Capital One. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 14.

More news for MRC Global Inc (NYSE:MRC) were recently published by: Prnewswire.com, which released: “Pre-Market Technical Pulse on Oil and Gas Stocks — MRC Global, Dril-Quip …” on July 07, 2017. Prnewswire.com‘s article titled: “MRC Global Awarded Multiple Nordic Project and MRO Contracts” and published on July 17, 2017 is yet another important article.

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