Equities research analysts expect that MRC Global Inc (NYSE:MRC) will post earnings per share (EPS) of $0.03 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for MRC Global’s earnings, with estimates ranging from ($0.01) to $0.08. MRC Global reported earnings of ($0.18) per share in the same quarter last year, which would suggest a positive year over year growth rate of 116.7%. The business is scheduled to announce its next earnings results after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that MRC Global will report full year earnings of $0.09 per share for the current year, with EPS estimates ranging from $0.03 to $0.18. For the next financial year, analysts expect that the firm will report earnings of $0.62 per share, with EPS estimates ranging from $0.35 to $0.75. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for MRC Global.

MRC Global (NYSE:MRC) last announced its earnings results on Thursday, November 2nd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). MRC Global had a negative net margin of 0.09% and a positive return on equity of 1.44%.

MRC has been the topic of several recent analyst reports. Zacks Investment Research raised MRC Global from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Cowen set a $24.00 target price on MRC Global and gave the company a “buy” rating in a research report on Friday, October 6th. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 target price on shares of MRC Global in a research report on Thursday, December 14th. Robert W. Baird reaffirmed a “hold” rating and set a $21.00 target price on shares of MRC Global in a research report on Monday, October 9th. Finally, ValuEngine lowered MRC Global from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.67.

Shares of MRC Global (NYSE:MRC) traded down $0.16 during trading hours on Thursday, reaching $18.50. The company had a trading volume of 493,313 shares, compared to its average volume of 556,867. MRC Global has a 12 month low of $14.01 and a 12 month high of $22.26. The firm has a market cap of $1,750.00, a price-to-earnings ratio of -66.07, a P/E/G ratio of 2.06 and a beta of 1.60. The company has a quick ratio of 1.16, a current ratio of 2.31 and a debt-to-equity ratio of 0.57.

MRC Global declared that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

In other news, CEO Andrew R. Lane sold 180,621 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $19.00, for a total value of $3,431,799.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Andrew R. Lane sold 293,154 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $19.00, for a total value of $5,569,926.00. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of MRC Global by 8.9% in the second quarter. BlackRock Inc. now owns 7,758,258 shares of the oil and gas company’s stock valued at $128,164,000 after purchasing an additional 632,231 shares during the period. FMR LLC increased its holdings in shares of MRC Global by 1.8% in the second quarter. FMR LLC now owns 6,270,253 shares of the oil and gas company’s stock valued at $103,585,000 after purchasing an additional 108,278 shares during the period. Fuller & Thaler Asset Management Inc. increased its holdings in shares of MRC Global by 0.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,781,986 shares of the oil and gas company’s stock valued at $66,147,000 after purchasing an additional 17,140 shares during the period. Citadel Advisors LLC increased its holdings in shares of MRC Global by 60.9% in the third quarter. Citadel Advisors LLC now owns 3,078,500 shares of the oil and gas company’s stock valued at $53,844,000 after purchasing an additional 1,164,950 shares during the period. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of MRC Global by 1.2% in the third quarter. Frontier Capital Management Co. LLC now owns 2,567,769 shares of the oil and gas company’s stock valued at $44,910,000 after purchasing an additional 30,382 shares during the period. 94.65% of the stock is currently owned by institutional investors and hedge funds.

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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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