MRC Global (NYSE:MRC) Announces Earnings Results

MRC Global (NYSE:MRC) posted its quarterly earnings results on Tuesday. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03, Briefing.com reports. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $794.17 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue for the quarter was down 10.2% on a year-over-year basis.

MRC Global Stock Down 1.9 %

Shares of NYSE MRC opened at $14.17 on Thursday. The company has a current ratio of 2.08, a quick ratio of 1.10 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average of $12.51 and a 200-day moving average of $12.75. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 15.53 and a beta of 1.97. MRC Global has a 12 month low of $9.77 and a 12 month high of $14.91.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MRC shares. Stifel Nicolaus raised their target price on MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of MRC Global from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.