News coverage about MRC Global (NYSE:MRC) has been trending somewhat positive this week, AlphaOne reports. The research firm, a service of Accern, identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MRC Global earned a media sentiment score of 0.03 on AlphaOne’s scale. AlphaOne also assigned news articles about the oil and gas company an impact score of 73 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Alpha One’s analysis:
- Why MRC Global (MRC) Stock Might be a Great Pick (finance.yahoo.com)
- BRIEF-MRC Global says unit entered into 15-year leases with Liberty Property Trust unit (businessinsider.com)
- MRC Global (MRC) to Build Largest RDC Center on Gulf Coast (finance.yahoo.com)
- MRC Global to Open New Gulf Coast Regional Distribution Center (finance.yahoo.com)
MRC Global (NYSE:MRC) opened at 20.66 on Wednesday. The company’s market capitalization is $1.95 billion. The firm’s 50-day moving average is $18.94 and its 200-day moving average is $19.60. MRC Global has a 1-year low of $11.50 and a 1-year high of $22.52.
MRC Global (NYSE:MRC) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.07. The firm had revenue of $862 million for the quarter, compared to analysts’ expectations of $798.38 million. MRC Global had a negative return on equity of 0.01% and a negative net margin of 13.92%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.10) EPS. Equities research analysts predict that MRC Global will post $0.22 EPS for the current year.
Several research firms have recently issued reports on MRC. Evercore ISI increased their price objective on shares of MRC Global to $25.00 in a research report on Wednesday, February 22nd. Seaport Global Securities raised shares of MRC Global from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $14.00 to $25.00 in a research report on Tuesday, February 21st. TheStreet raised shares of MRC Global from a “d+” rating to a “c” rating in a research report on Thursday, February 16th. Zacks Investment Research lowered shares of MRC Global from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Finally, Susquehanna Bancshares Inc began coverage on shares of MRC Global in a research note on Tuesday, April 11th. They issued a “positive” rating and a $23.00 target price for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. MRC Global currently has an average rating of “Buy” and an average price target of $21.57.
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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