News headlines about MRC Global (NYSE:MRC) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MRC Global earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 44.761457538021 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
Shares of MRC Global (MRC) traded down $0.28 on Wednesday, reaching $17.98. 564,265 shares of the company’s stock were exchanged, compared to its average volume of 541,046. The stock has a market cap of $1,752.65, a price-to-earnings ratio of -64.21, a PEG ratio of 1.95 and a beta of 1.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 2.31. MRC Global has a 1-year low of $14.01 and a 1-year high of $22.20.
MRC Global (NYSE:MRC) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). MRC Global had a negative net margin of 0.09% and a positive return on equity of 1.44%. research analysts expect that MRC Global will post 0.09 earnings per share for the current fiscal year.
MRC Global announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Several analysts recently issued reports on the company. Zacks Investment Research raised MRC Global from a “sell” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.00 price objective on shares of MRC Global in a research report on Tuesday, October 17th. Cowen lowered their target price on shares of MRC Global from $24.00 to $19.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Susquehanna Bancshares set a $21.00 target price on shares of MRC Global and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Robert W. Baird restated a “hold” rating and issued a $21.00 price objective on shares of MRC Global in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. MRC Global currently has an average rating of “Hold” and a consensus price target of $20.67.
In related news, CEO Andrew R. Lane sold 180,621 shares of the company’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $19.00, for a total value of $3,431,799.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew R. Lane sold 293,154 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.00, for a total transaction of $5,569,926.00. The disclosure for this sale can be found here. Insiders own 6.30% of the company’s stock.
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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.
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