News coverage about MRC Global (NYSE:MRC) has trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MRC Global earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 45.5270352061076 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- $0.03 EPS Expected for MRC Global Inc. (NYSE:MRC) This Quarter (americanbankingnews.com)
- MRC Global (MRC) Extends Integrated Supply Agreement with NiSource Inc. (NI) (streetinsider.com)
- Stock is up at $17.06 (MRC) MRC Global Renews Integrated Supply… (highlightpress.com)
- BRIEF-MRC Global renews integrated supply agreement with Nisource Inc (reuters.com)
- MRC Global Awarded Multiple Nordic Project and MRO Contracts (finance.yahoo.com)
MRC Global (NYSE:MRC) traded up 0.30% during midday trading on Tuesday, reaching $16.81. The company’s stock had a trading volume of 681,576 shares. The stock’s market capitalization is $1.59 billion. The firm’s 50-day moving average price is $18.15 and its 200-day moving average price is $19.28. MRC Global has a 52 week low of $11.50 and a 52 week high of $22.52.
MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $862 million during the quarter, compared to the consensus estimate of $798.38 million. MRC Global had a negative return on equity of 2.39% and a negative net margin of 2.21%. MRC Global’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. On average, analysts anticipate that MRC Global will post $0.19 earnings per share for the current year.
Several equities research analysts recently commented on MRC shares. Susquehanna Bancshares Inc started coverage on MRC Global in a report on Tuesday, April 11th. They issued a “positive” rating and a $23.00 price target for the company. UBS Group AG raised MRC Global from a “market perform” rating to an “outperform” rating in a report on Wednesday, April 19th. Raymond James Financial, Inc. raised MRC Global from a “market perform” rating to a “buy” rating and set a $21.00 price target for the company in a report on Wednesday, April 19th. KeyCorp reaffirmed a “sector weight” rating on shares of MRC Global in a report on Friday, May 26th. Finally, Stifel Nicolaus started coverage on MRC Global in a report on Tuesday, June 6th. They issued a “buy” rating and a $22.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $20.22.
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MRC Global Company Profile
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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