MRC Global (NYSE:MRC) posted its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04, Bloomberg Earnings reports. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $948.42 million. MRC Global had a return on equity of 5.13% and a net margin of 1.63%. The business’s quarterly revenue was up 17.2% compared to the same quarter last year.
MRC Global opened at $20.66 on Friday, according to Marketbeat Ratings. The firm has a market cap of $1.82 billion, a P/E ratio of 688.67, a P/E/G ratio of 1.57 and a beta of 1.49. MRC Global has a 12 month low of $20.13 and a 12 month high of $20.47. The company has a quick ratio of 1.08, a current ratio of 2.30 and a debt-to-equity ratio of 0.85.
In related news, CEO Andrew R. Lane sold 46,749 shares of the company’s stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $19.00, for a total value of $888,231.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara J. Duganier sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $17.49, for a total value of $52,470.00. Following the completion of the sale, the director now directly owns 21,262 shares of the company’s stock, valued at $371,872.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 846,068 shares of company stock valued at $16,440,589. Insiders own 7.00% of the company’s stock.
Several research firms recently issued reports on MRC. Zacks Investment Research upgraded MRC Global from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Wednesday, May 2nd. Stifel Nicolaus boosted their price objective on MRC Global from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, May 4th. ValuEngine upgraded MRC Global from a “sell” rating to a “hold” rating in a report on Thursday, April 19th. Susquehanna Bancshares set a $22.00 price objective on MRC Global and gave the company a “buy” rating in a report on Friday, April 13th. Finally, Alembic Global Advisors reissued a “buy” rating on shares of MRC Global in a research note on Friday, January 19th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. MRC Global presently has a consensus rating of “Buy” and a consensus price target of $20.56.
MRC Global Company Profile
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. 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 products, and top work components, as well as measurement, steam, and instrumentation products.
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