Equities Analysts Offer Predictions for MRC Global Inc.’s Q2 2021 Earnings (NYSE:MRC)


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MRC Global Inc. (NYSE:MRC) – Capital One Financial increased their Q2 2021 earnings per share estimates for MRC Global in a research report issued on Wednesday, April 28th. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will post earnings per share of $0.04 for the quarter, up from their prior estimate of ($0.04). Capital One Financial also issued estimates for MRC Global’s Q3 2021 earnings at $0.10 EPS, Q4 2021 earnings at $0.10 EPS, FY2021 earnings at $0.17 EPS, Q1 2022 earnings at $0.12 EPS, Q2 2022 earnings at $0.14 EPS, Q3 2022 earnings at $0.18 EPS, Q4 2022 earnings at $0.17 EPS and FY2022 earnings at $0.60 EPS.

MRC Global (NYSE:MRC) last released its earnings results on Tuesday, April 27th. The oil and gas company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. MRC Global had a positive return on equity of 0.62% and a negative net margin of 10.67%.

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $7.00 target price on shares of MRC Global in a research note on Thursday, February 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MRC Global currently has an average rating of “Buy” and an average target price of $7.25.

Shares of MRC stock opened at $9.65 on Monday. The company has a market capitalization of $796.18 million, a P/E ratio of -2.49 and a beta of 2.55. MRC Global has a fifty-two week low of $3.93 and a fifty-two week high of $10.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.99 and a current ratio of 2.38. The stock has a 50 day moving average price of $9.18 and a two-hundred day moving average price of $7.52.

Hedge funds have recently modified their holdings of the company. First Trust Advisors LP raised its holdings in shares of MRC Global by 130.2% during the first quarter. First Trust Advisors LP now owns 131,570 shares of the oil and gas company’s stock valued at $2,300,000 after acquiring an additional 74,404 shares in the last quarter. Morgan Stanley raised its holdings in MRC Global by 63.0% in the 3rd quarter. Morgan Stanley now owns 917,353 shares of the oil and gas company’s stock worth $3,926,000 after purchasing an additional 354,596 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of MRC Global in the 3rd quarter worth about $44,000. Strs Ohio boosted its stake in shares of MRC Global by 14.2% during the 3rd quarter. Strs Ohio now owns 111,700 shares of the oil and gas company’s stock valued at $478,000 after purchasing an additional 13,900 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in shares of MRC Global during the third quarter valued at about $129,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry 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, and valve modification services, as well as measurement, steam, and instrumentation products.

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Earnings History and Estimates for MRC Global (NYSE:MRC)

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