MRC Global (NYSE:MRC) Announces Quarterly Earnings Results

MRC Global (NYSE:MRC) issued 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. MRC Global had a net margin of 3.19% and a return on equity of 22.35%. The company had revenue of $797.00 million for the quarter, compared to the consensus estimate of $794.17 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year.

MRC Global Trading Down 1.9 %

Shares of MRC Global stock opened at $14.17 on Thursday. The stock has a market cap of $1.21 billion, a PE ratio of 15.53 and a beta of 1.97. The firm has a fifty day moving average price of $12.51 and a 200 day moving average price of $12.75. MRC Global has a 1 year low of $9.77 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.10.

Analyst Ratings Changes

A number of research firms have weighed in on MRC. Stifel Nicolaus increased 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 upgraded MRC Global from a “buy” rating to a “strong-buy” rating in a report 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.