FY2018 Earnings Forecast for McCoy Global Inc (MCB) Issued By Cormark

McCoy Global Inc (TSE:MCB) – Stock analysts at Cormark cut their FY2018 earnings per share (EPS) estimates for shares of McCoy Global in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Cormark analyst J. Pytlak now forecasts that the company will earn $0.04 per share for the year, down from their previous forecast of $0.05.

Separately, Canaccord Genuity upped their price target on shares of McCoy Global from C$1.80 to C$2.35 and gave the stock a “hold” rating in a research report on Thursday, January 5th.

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Shares of McCoy Global (TSE:MCB) traded up 4.79% on Wednesday, hitting $1.97. 26,860 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $1.82 and its 200 day moving average price is $1.78. The company’s market cap is $54.58 million. McCoy Global has a 1-year low of $1.32 and a 1-year high of $2.21.

In related news, Director Christopher Tiernan Seaver purchased 36,400 shares of McCoy Global stock in a transaction that occurred on Thursday, February 2nd. The shares were acquired at an average price of C$1.90 per share, for a total transaction of C$69,160.00. In the last quarter, insiders have purchased 50,000 shares of company stock worth $95,000.

McCoy Global Company Profile

McCoy Global Inc is a provider of equipment and technologies used for making up threaded connections in the global oil and gas industry. The Company’s products are used during the well construction phase for both land and offshore wells during both oil and gas exploration. Its segments are Energy Products & Service (EP&S) and Mobile Solutions.

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