MRC Global (MRC) Reaches $14.62 52-Week Low; Northern Technologies International (NTI)’s Sentiment Is 2.25

November 14, 2017 - By Ellis Scott

The stock of MRC Global Inc (NYSE:MRC) hit a new 52-week low and has $14.18 target or 3.00% below today’s $14.62 share price. The 7 months bearish chart indicates high risk for the $1.38 billion company. The 1-year low was reported on Nov, 14 by If the $14.18 price target is reached, the company will be worth $41.40M less. About 835,293 shares traded or 26.97% up from the average. MRC Global Inc (NYSE:MRC) has risen 52.93% since November 14, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.

Northern Tier Energy LP is a downstream energy limited partnership. The company has market cap of $1.97 billion. The Firm has refining, retail and logistics activities that serve the Petroleum Administration for Defense District II region of the United States. It has a 8.35 P/E ratio. It operates through two divisions: the refining business and the retail business.

Analysts await MRC Global Inc (NYSE:MRC) to report earnings on February, 15. They expect $0.03 earnings per share, up 116.67% or $0.21 from last year’s $-0.18 per share. MRC’s profit will be $2.83 million for 121.83 P/E if the $0.03 EPS becomes a reality. After $0.02 actual earnings per share reported by MRC Global Inc for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

Among 13 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. MRC Global has $25 highest and $16 lowest target. $20.29’s average target is 38.78% above currents $14.62 stock price. MRC Global had 29 analyst reports since August 6, 2015 according to SRatingsIntel. Seaport Global downgraded MRC Global Inc (NYSE:MRC) on Wednesday, June 21 to “Hold” rating. The firm has “Hold” rating by Maxim Group given on Tuesday, November 10. Cowen & Co maintained the shares of MRC in report on Monday, November 6 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, July 6 with “Buy”. The firm earned “Sector Perform” rating on Monday, November 9 by KeyBanc Capital Markets. Stifel Nicolaus maintained MRC Global Inc (NYSE:MRC) rating on Friday, July 14. Stifel Nicolaus has “Buy” rating and $1900 target. KeyBanc Capital Markets maintained the stock with “Hold” rating in Friday, September 15 report. The stock of MRC Global Inc (NYSE:MRC) has “Buy” rating given on Thursday, August 6 by Maxim Group. The firm earned “Equal-Weight” rating on Thursday, February 25 by Capital One. The rating was maintained by Cowen & Co with “Buy” on Friday, July 7.

Investors sentiment increased to 1.04 in 2017 Q2. Its up 0.11, from 0.93 in 2017Q1. It increased, as 20 investors sold MRC Global Inc shares while 58 reduced holdings. 27 funds opened positions while 54 raised stakes. 91.26 million shares or 2.63% more from 88.92 million shares in 2017Q1 were reported. 494,470 were reported by Natl Bank Of New York Mellon. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in MRC Global Inc (NYSE:MRC). Carroll Financial Assoc Incorporated, North Carolina-based fund reported 500 shares. Sg Americas Limited Liability owns 48,275 shares. Nationwide Fund Advsr invested in 234,931 shares. Alliancebernstein Lp holds 0% of its portfolio in MRC Global Inc (NYSE:MRC) for 261,770 shares. Retail Bank Of Montreal Can reported 98,256 shares. Sterling Mgmt Lc holds 0.01% of its portfolio in MRC Global Inc (NYSE:MRC) for 63,327 shares. Massachusetts-based Wellington Mngmt Group Inc Ltd Liability Partnership has invested 0% in MRC Global Inc (NYSE:MRC). Mcclain Value Mgmt Ltd Com stated it has 181,027 shares. Prudential accumulated 0.01% or 371,420 shares. Citadel Advisors Limited Com, a Illinois-based fund reported 1.91 million shares. Independent Port Consultants Inc owns 895 shares. Citigroup Incorporated has 40,836 shares. Moreover, Lord Abbett & Commerce Limited Liability Corporation has 0.04% invested in MRC Global Inc (NYSE:MRC) for 906,946 shares.

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 $1.38 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.

It closed at $21.15 lastly. It is down 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

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