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Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

McCoy Corp. (MCB-T) reported a strong Q4 revenue increase of 8% year-over-year, driven by high demand for their newly commercialized smart products, particularly McCoy's Flush Mount Spider (FMS). However, the net earnings declined due to one-time factors in the comparative period. The company remains optimistic about sustained success beyond drilling activity cycles as adoption of their smart technologies continues to accelerate.

Consensus
Mixed
Valuation
Fair Value
HOLD
McCoy Corp.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

MCB reported Q4 revenue of $19.7M, increasing 8% year-over-year from $18.3M in 2022. The increase in revenue was driven by strong demand for the newly commercialized smart products, particularly McCoy's Flush Mount Spider (FMS). MCB also reported net earnings of $2.7M, compared to net earnings of $7.3M in 2022, with the comparative period benefitting from a $3.9M gain on sale and leaseback of McCoy's facility in Cedar Park, TX, and $1.0M recovery of income taxes. MCB cited, "Though timing and product mix of customer purchase commitments may result in quarter-to-quarter fluctuations in revenues and gross margins, we anticipate sustained success beyond drilling activity cycles as adoption of our smart technologies continues to accelerate." We think this was an OK quarter as revenue growth was good and earnings seems to be impacted by one-time factors in 2022 but still did decline significantly. 
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oil / gas field services
DON'T BUY
McCoy Corp.
Oil services company. Bullish on energy services. Doesn't know much about this stock. Energy services will be in demand.
oil / gas field services
COMMENT
McCoy Corp.

(Market Call Minute.) An energy service company that is still struggling. There is quite a bit of value here, but it is going to take energy services as a whole to come back.

oil / gas field services
HOLD
McCoy Corp.

Longer-term out, over the next few years, he thinks you will be rewarded. Half their market cap is in cash. When the oil/gas sector hits bottom, their earnings and revenue pretty much collapses. Also, it is offshore and a lot of their south American stuff has hurt them. He expects that over the next few years things will come back and you will be handsomely rewarded. The next couple of quarters are probably not going to look good.

oil / gas field services
HOLD
McCoy Corp.

This services the oil/gas industry. Has some diversification in what it does. Extremely well-managed company. Feels they have taken corrective action given the environment they are in. If you own, he would not be selling.

oil / gas field services
PAST TOP PICK
McCoy Corp.

(Top Pick Apr 21/14, Down 34.79%) When oil price cratered, it was time to get out. No debt and pays a dividend so now it is probably not a bad stock.

oil / gas field services
COMMENT
McCoy Corp.

Had some good quarters and there were some analysts that got behind the story, but then they missed on a couple of quarters. Sell a lot of tooling equipment for offshore drillers. Pretty good value at these levels, but management has to show that they can start to grow earnings again. (He inherited a little when he took over this portfolio.)

oil / gas field services
TOP PICK
McCoy Corp.

It had a mishap with an ERP installation (software). These things are tricky to implement. It is a temporary problem and in the long term the ERP will increase profits. Next year will be very good for profits because they go into replacement parts.

oil / gas field services
BUY
McCoy Corp.

Really quite a good company. Manufactures farm equipment and other industrial products. Likes how they think. Came out with some new products about a year ago and it hurt their short-term performance. They were of the view that the products were good and the revenues would kick in later. So the stock took a bit of it for a couple of quarters. Great products, sales are picking up, margins are improving and it’s up to a new high. Could be a takeout candidate. Not expensive.

oil / gas field services
HOLD
McCoy Corp.

This is in the right sector and the basket in this sector has done well and thinks it will continue to do so. Chart shows an initial advance in 2010 and then a large consolidation during 2011 and 2012, which he calls bullish congestion. Nothing to stop it from going higher.

oil / gas field services
PARTIAL SELL
McCoy Corp.

Hasn’t looked at this for a year or two. A decent business, but you have to remember this is an oil field services business. This sector has been absolutely battered in the last year. This is a very small company. Hitting a 52-week high is an aberration. If you own, he would consider taking some profits at this point.

oil / gas field services
DON'T BUY
McCoy Corp.

(Market Call Minute.) There are way better oil/gas service companies to own than this one.

oil / gas field services
BUY
McCoy Corp.

Has taken a bit of a breather here. Almost 6% dividend. Have some interesting opportunities offshore, which is obviously going to be a big part of the big North American scene if the US does decide to drill.

oil / gas field services
BUY
McCoy Corp.
Drilling tools for oil. Have a good backlog. Good management. Not very liquid. $100 million market cap but the insiders own about 50%. Earnings where $0.18 last year, probably $0.38 this year and maybe $0.50 next year. Trades at 10X this year's earnings. Cheap.
oil / gas field services
PAST TOP PICK
McCoy Corp.
(A Top Pick June 26/08.) Down 64.78%.) World's largest manufacturer of drilling tongs for oil rigs.
oil / gas field services
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McCoy Corp.(MCB-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for McCoy Corp. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

McCoy Corp.(MCB-T) Frequently Asked Questions

What is McCoy Corp. stock symbol?

McCoy Corp. is a Canadian stock, trading under the symbol MCB-T on the Toronto Stock Exchange (MCB-CT). It is usually referred to as TSX:MCB or MCB-T

Is McCoy Corp. a buy or a sell?

In the last year, 1 stock analyst published opinions about MCB-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for McCoy Corp..

Is McCoy Corp. a good investment or a top pick?

McCoy Corp. was recommended as a Top Pick by on . Read the latest stock experts ratings for McCoy Corp..

Why is McCoy Corp. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is McCoy Corp. worth watching?

1 stock analyst on Stockchase covered McCoy Corp. In the last year. It is a trending stock that is worth watching.

What is McCoy Corp. stock price?

On 2024-06-19, McCoy Corp. (MCB-T) stock closed at a price of $2.