Press coverage about MRC Global (NYSE:MRC) has trended somewhat positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MRC Global earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.0522183417084 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- MRC Global Inc. (MRC) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- MRC GLOBAL INC. : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- BRIEF-MRC global announces preliminary commitments on senior secured term loan (reuters.com)
- MRC Global Announces Preliminary Commitments on Senior Secured Term Loan (finance.yahoo.com)
- Zacks: Analysts Expect MRC Global Inc. (MRC) Will Announce Earnings of $0.09 Per Share (americanbankingnews.com)
Several equities research analysts have recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of MRC Global in a research report on Friday, May 26th. Wells Fargo & Company reiterated a “market perform” rating and set a $17.00 price objective (down previously from $20.00) on shares of MRC Global in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating on shares of MRC Global in a research report on Friday, July 7th. J P Morgan Chase & Co reduced their price objective on shares of MRC Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Finally, ValuEngine cut shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. MRC Global currently has a consensus rating of “Hold” and an average target price of $21.30.
MRC Global (NYSE MRC) traded down 1.39% on Friday, hitting $16.98. 956,771 shares of the company were exchanged. The stock’s market capitalization is $1.60 billion. The stock’s 50-day moving average price is $16.13 and its 200-day moving average price is $17.56. MRC Global has a 52-week low of $13.68 and a 52-week high of $22.52.
MRC Global (NYSE:MRC) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). MRC Global had a negative net margin of 1.40% and a positive return on equity of 0.39%. The firm had revenue of $922.00 million during the quarter, compared to analyst estimates of $916.82 million. During the same period in the prior year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities research analysts anticipate that MRC Global will post $0.17 earnings per share for the current fiscal year.
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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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