MRC Global (NYSE:MRC) Given Media Impact Rating of 0.22

Media stories about MRC Global (NYSE:MRC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MRC Global earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.5270352061076 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

• Head-To-Head Contrast: NOW (DNOW) versus MRC Global (MRC) (americanbankingnews.com)
• Investor Network: MRC Global Inc. to Host Earnings Call (finance.yahoo.com)
• Edited Transcript of MRC earnings conference call or presentation 4-Aug-17 2:00pm GMT (finance.yahoo.com)
• Comparing NOW (DNOW) & MRC Global (MRC) (americanbankingnews.com)
• MRC Global Inc. Sales Continue Rising, but It Breaks Even Once Again (fool.com)

Shares of MRC Global (MRC) traded down 2.31% during midday trading on Friday, reaching $16.10. The company’s stock had a trading volume of 2,939,317 shares. MRC Global has a 12-month low of $11.50 and a 12-month high of $22.52. The company’s market cap is $1.52 billion. The stock’s 50-day moving average price is $16.50 and its 200-day moving average price is $18.58.

MRC Global (NYSE:MRC) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The business 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 company’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, analysts expect that MRC Global will post $0.19 EPS for the current fiscal year.

MRC has been the topic of a number of recent research reports. BidaskClub raised MRC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Raymond James Financial, Inc. raised MRC Global from a “market perform” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Wednesday, April 19th. Seaport Global Securities downgraded MRC Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $17.00 in a research report on Wednesday, June 21st. ValuEngine downgraded MRC Global from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, Susquehanna Bancshares Inc started coverage on MRC Global in a research report on Tuesday, April 11th. They set a “positive” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.75.

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.