MRC Global (MRC) Earning Somewhat Favorable Press Coverage, Report Shows
News headlines about MRC Global (NYSE:MRC) have been trending somewhat positive on Saturday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MRC Global earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 47.6166760697681 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- MRC Global (NYSE:MRC) versus DXP Enterprises (DXPE) Head-To-Head Contrast (americanbankingnews.com)
- MRC Global Inc (finance.yahoo.com)
- IHS Markit Score downgrades MRC Global Inc to 28 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- Financial Analysis: NOW (DNOW) and MRC Global (MRC) (americanbankingnews.com)
- Research Analysts Issue Forecasts for MRC Global Inc.’s Q3 2017 Earnings (NYSE:MRC) (americanbankingnews.com)
Shares of MRC Global (MRC) traded down 2.06% during midday trading on Friday, reaching $15.71. The company’s stock had a trading volume of 637,495 shares. The stock has a 50-day moving average of $16.27 and a 200 day moving average of $18.36. MRC Global has a 12 month low of $13.50 and a 12 month high of $22.52. The company’s market cap is $1.48 billion.
MRC Global (NYSE:MRC) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.01. The firm had revenue of $922 million for the quarter, compared to analyst estimates of $916.82 million. MRC Global had a positive return on equity of 0.39% and a negative net margin of 1.40%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.15) earnings per share. On average, analysts predict that MRC Global will post $0.15 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Cowen and Company lifted their target price on MRC Global from $20.00 to $24.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $17.00 target price (down from $20.00) on shares of MRC Global in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating on shares of MRC Global in a research report on Friday, July 7th. ValuEngine lowered MRC Global from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Seaport Global Securities lowered MRC Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $25.00 to $17.00 in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.50.
About MRC Global
MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.
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