MRC Global (NYSE:MRC) Issues Earnings Results

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

MRC Global Stock Down 4.2 %

Shares of NYSE MRC traded down $0.61 on Thursday, hitting $13.83. The company had a trading volume of 1,434,891 shares, compared to its average volume of 587,690. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. MRC Global has a 12-month low of $9.77 and a 12-month high of $14.91. The firm has a market capitalization of $1.18 billion, a P/E ratio of 15.42 and a beta of 1.97. The business has a 50 day moving average of $12.51 and a two-hundred day moving average of $12.75.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com raised shares of MRC Global from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Susquehanna lifted their price target on shares of MRC Global from $16.00 to $17.00 and gave the company a “positive” rating in a research report on Thursday.

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MRC Global Company Profile

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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.

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Earnings History for MRC Global (NYSE:MRC)

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