McGrath RentCorp (MGRC) Reaches $54.71 52-Week High; Legacy Reserves LP (LGCY) Has 0.67 Sentiment

March 21, 2018 - By Marie Mckinney

The stock of McGrath RentCorp (NASDAQ:MGRC) hit a new 52-week high and has $59.09 target or 8.00% above today’s $54.71 share price. The 8 months bullish chart indicates low risk for the $1.32B company. The 1-year high was reported on Mar, 21 by If the $59.09 price target is reached, the company will be worth $105.28M more. The stock increased 1.67% or $0.9 during the last trading session, reaching $54.71. About 70,986 shares traded. McGrath RentCorp (NASDAQ:MGRC) has risen 25.54% since March 21, 2017 and is uptrending. It has outperformed by 8.84% the S&P500.

Legacy Reserves LP acquires and develops oil and natural gas properties primarily in the Permian Basin, East Texas, Rocky Mountain, and Mid-Continent regions of the United States. The company has market cap of $326.03 million. As of December 31, 2016, the firm owned interests in producing oil and natural gas properties in 627 fields comprising 10,775 gross productive wells, including 3,799 operated and 6,976 non-operated wells located in the Permian Basin, East Texas, Piceance Basin of Colorado, Texas Panhandle, Wyoming, North Dakota, Montana, Oklahoma, and other states. It currently has negative earnings. It had proved reserves of approximately 144.8 million barrels of crude oil equivalent.

Among 3 analysts covering McGrath RentCorp (NASDAQ:MGRC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. McGrath RentCorp had 4 analyst reports since November 4, 2015 according to SRatingsIntel. Sidoti upgraded the shares of MGRC in report on Friday, January 8 to “Buy” rating. On Wednesday, November 4 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. As per Thursday, August 3, the company rating was maintained by Oppenheimer. Sidoti maintained McGrath RentCorp (NASDAQ:MGRC) rating on Wednesday, September 14. Sidoti has “Buy” rating and $40 target.

Since March 1, 2018, it had 0 insider buys, and 11 sales for $2.18 million activity. 5,170 shares were sold by VAN TREASE KRISTINA, worth $273,091 on Monday, March 12. Whitney David M sold $273,091 worth of stock. Shares for $100,145 were sold by PRATT KEITH E on Wednesday, March 7. Hawkins Philip B also sold $396,460 worth of McGrath RentCorp (NASDAQ:MGRC) on Wednesday, March 7. Skenesky John P sold 4,265 shares worth $217,444. $128,500 worth of McGrath RentCorp (NASDAQ:MGRC) shares were sold by Dashner Kay. The insider ZECH RONALD H sold 1,947 shares worth $98,214.

Investors sentiment increased to 1.65 in Q3 2017. Its up 0.48, from 1.17 in 2017Q2. It increased, as 10 investors sold McGrath RentCorp shares while 37 reduced holdings. 22 funds opened positions while 33 raised stakes. 19.48 million shares or 0.23% more from 19.43 million shares in 2017Q2 were reported. Dimensional Fund Advisors Limited Partnership holds 0.03% or 1.78M shares. Mondrian Investment reported 0.08% stake. Cubist Systematic Strategies Ltd Liability invested in 5,318 shares. Renaissance Techs Llc accumulated 514,900 shares. Kbc Nv reported 0% of its portfolio in McGrath RentCorp (NASDAQ:MGRC). Citadel Lc holds 0% or 8,314 shares. Moreover, Macquarie Gru has 0% invested in McGrath RentCorp (NASDAQ:MGRC). Kennedy Cap Mngmt Inc accumulated 154,663 shares. Silvercrest Asset Mngmt Gru Limited has 0.26% invested in McGrath RentCorp (NASDAQ:MGRC) for 605,553 shares. 3,437 are held by Bnp Paribas Arbitrage Sa. Texas-based Bridgeway has invested 0.09% in McGrath RentCorp (NASDAQ:MGRC). 32,481 were accumulated by New York State Common Retirement Fund. The New York-based Gamco Investors Inc Et Al has invested 0.01% in McGrath RentCorp (NASDAQ:MGRC). Royal Comml Bank Of Canada holds 2,240 shares. Barclays Public Ltd Company has invested 0% in McGrath RentCorp (NASDAQ:MGRC).

McGrath RentCorp, a business to business rental company, rents and sells relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes in the United States and internationally. The company has market cap of $1.32 billion. It operates through four divisions: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. It has a 8.63 P/E ratio. The Mobile Modular segment rents and sells modular buildings designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities, office space, and various other purposes; and portable storage containers.

The stock increased 4.69% or $0.19 during the last trading session, reaching $4.24. About 310,687 shares traded. Legacy Reserves LP (LGCY) has declined 15.20% since March 21, 2017 and is downtrending. It has underperformed by 31.90% the S&P500.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:

Recent Market News