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MRC Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
According to analysts' consensus price target of $13.50, MRC Global has a forecasted upside of 34.3% from its current price of $10.05.
MRC Global has only been the subject of 1 research reports in the past 90 days.
MRC Global does not currently pay a dividend.
MRC Global does not have a long track record of dividend growth.
In the past three months, MRC Global insiders have not sold or bought any company stock.
22.10% of the stock of MRC Global is held by insiders. A high percentage of insider ownership can be a sign of company health.
94.09% of the stock of MRC Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings for MRC Global are expected to grow by 27.37% in the coming year, from $0.95 to $1.21 per share.
The P/E ratio of MRC Global is -83.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
The P/E ratio of MRC Global is -83.75, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
MRC Global has a P/B Ratio of 2.42. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel, alloy and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment, such as high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces, and valve inspection and repair services; and various other services under the ValidTorque and FastTrack names. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.
MRC remained flat at $10.01 on Thursday. 1,181,784 shares of the company were exchanged, compared to its average volume of 748,938. The business has a 50-day moving average of $10.47 and a 200 day moving average of $10.58. The stock has a market capitalization of $835.66 million, a P/E ratio of -83.42 and a beta of 1.99. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.98 and a current ratio of 1.93. MRC Global has a 1-year low of $6.38 and a 1-year high of $13.44.
MRC Global (NYSE:MRC - Get Rating) last announced its earnings results on Monday, August 8th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. The business had revenue of $848.00 million for the quarter, compared to the consensus estimate of $823.48 million. MRC Global had a net margin of 0.51% and a return on equity of 21.75%. MRC Global's quarterly revenue was up 23.6% on a year-over-year basis. During the same period last year, the firm posted $0.08 earnings per share. As a group, equities research analysts predict that MRC Global will post 0.95 EPS for the current fiscal year.
A number of research firms have recently commented on MRC. StockNews.com lowered shares of MRC Global from a "buy" rating to a "hold" rating in a research report on Tuesday. Stifel Nicolaus raised their price objective on shares of MRC Global from $14.00 to $16.00 in a research report on Friday, July 8th. Finally, Benchmark started coverage on shares of MRC Global in a research report on Thursday, July 7th. They issued a "buy" rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.50.
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3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MRC Global in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRC shares. View MRC analyst ratings or view top-rated stocks.
3 equities research analysts have issued 12 month target prices for MRC Global's shares. Their MRC share price forecasts range from $12.00 to $16.00. On average, they expect the company's stock price to reach $13.50 in the next year. This suggests a possible upside of 34.3% from the stock's current price. View analysts price targets for MRC or view top-rated stocks among Wall Street analysts.
MRC Global's stock was trading at $6.88 on January 1st, 2022. Since then, MRC shares have increased by 46.1% and is now trading at $10.05. View the best growth stocks for 2022 here.
The company is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022. View our MRC earnings forecast.
MRC Global Inc. (NYSE:MRC) announced its earnings results on Monday, August, 8th. The oil and gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The oil and gas company had revenue of $848 million for the quarter, compared to analyst estimates of $823.48 million. MRC Global had a trailing twelve-month return on equity of 21.49% and a net margin of 0.51%. The company's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share.
MRC Global updated its FY 2022 earnings guidance on Thursday, July, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $3.30 billion-$3.30 billion, compared to the consensus revenue estimate of $3.14 billion.
Based on aggregate information from My MarketBeat watchlists, some companies that other MRC Global investors own include CVS Health (CVS), MGM Resorts International (MGM), Wells Fargo & Company (WFC), Walt Disney (DIS), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), SLM (SLM) and Advanced Micro Devices (AMD).
MRC Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRC."
MRC Global's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (6.85%), Pzena Investment Management LLC (6.58%), Frontier Capital Management Co. LLC (4.50%), JPMorgan Chase & Co. (1.48%), Assenagon Asset Management S.A. (0.71%) and BOKF NA (0.64%). Insiders that own company stock include Andrew R Lane, Elton Ray Bond, H B Wehrle III, John Anthony Perkins, Karl Witt, Lewis Craig Ketchum and Rhys J Best. View institutional ownership trends.
Shares of MRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here.
One share of MRC stock can currently be purchased for approximately $10.05.
MRC Global (NYSE:MRC) has a market capitalization of $838.97 million and generates $2.67 billion in revenue each year. The oil and gas company earns $-14,000,000.00 in net income (profit) each year or ($0.12) on an earnings per share basis.
The company employs 2,600 workers across the globe.
MRC Global's mailing address is 1301 MCKINNEY STREET SUITE 2300, HOUSTON TX, 77010. The official website for the company is www.mrcglobal.com. The oil and gas company can be reached via phone at (877) 294-7574, via email at investor.relations@mrcglobal.com, or via fax at 713-655-1477.
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