Should I buy or sell MRC Global stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MRC Global in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRC shares. View MRC analyst ratings or view top-rated stocks .

What is MRC Global's stock price target for 2024?

3 brokerages have issued 1-year price objectives for MRC Global's shares. Their MRC share price targets range from $14.00 to $17.00. On average, they anticipate the company's stock price to reach $15.33 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price. View analysts price targets for MRC or view top-rated stocks among Wall Street analysts .

How have MRC shares performed in 2024?

MRC Global's stock was trading at $11.01 at the beginning of the year. Since then, MRC stock has increased by 5.7% and is now trading at $11.64. View the best growth stocks for 2024 here .

Are investors shorting MRC Global?

MRC Global saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,250,000 shares, a drop of 22.8% from the March 15th total of 1,620,000 shares. Based on an average daily volume of 579,400 shares, the days-to-cover ratio is presently 2.2 days. View MRC Global's Short Interest .

When is MRC Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our MRC earnings forecast .

How can I listen to MRC Global's earnings call?

MRC Global will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745025#".

How were MRC Global's earnings last quarter?

MRC Global Inc. (NYSE:MRC) announced its earnings results on Tuesday, February, 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.12. The oil and gas company had revenue of $768 million for the quarter, compared to the consensus estimate of $810.52 million. MRC Global had a net margin of 3.34% and a trailing twelve-month return on equity of 26.92%. MRC Global's revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS.

What ETF holds MRC Global's stock?

Invesco Russell 2000 Dynamic Multifactor ETF holds 118,229 shares of MRC stock, representing 0.40% of its portfolio.

What other stocks do shareholders of MRC Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other MRC Global investors own include CVS Health (CVS) , MGM Resorts International (MGM) , Wells Fargo & Company (WFC) , Walt Disney (DIS) , Intel (INTC) , Micron Technology (MU) , NVIDIA (NVDA) , Alibaba Group (BABA) , SLM (SLM) and Advanced Micro Devices (AMD) .

Who are MRC Global's major shareholders?

MRC Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include First Hawaiian Bank (0.10%). Insiders that own company stock include Gillian Anderson and Malcolm O'neal. View institutional ownership trends .

How do I buy shares of MRC Global?

Shares of MRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:MRC

MRC Global (MRC) Stock Price, News & Analysis

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Free MRC Stock Alerts

$11.64

-0.19 (-1.61%)

(As of 04/17/2024 ET)

Compare

Today's Range: $11.64
▼
$12.10
50-Day Range: $10.38
▼
$12.89
52-Week Range: $8.15
▼
$13.00

Volume: 425,124 shs
Average Volume: 580,139 shs
Market Capitalization: $982.30 million

P/E Ratio: 11.19
Dividend Yield: N/A
Price Target: $15.33

Get MRC Global alerts:

MRC Global MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 31.7% Upside
$15.33 Price Target
Short Interest: Healthy
1.48% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.06
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 24.74%
From $0.97 to $1.21 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.34 out of 5 stars

Industrial Products Sector

27th out of 163 stocks

Industrial Machinery & Equipment Industry

3rd out of 5 stocks

3.5

Analyst's Opinion

Consensus Rating
MRC Global has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
MRC Global has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.48% of the outstanding shares of MRC Global have been sold short.
Short Interest Ratio / Days to Cover
MRC Global has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MRC Global has recently decreased by 22.84%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
MRC Global does not currently pay a dividend.
Dividend Growth
MRC Global does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRC.

2.3

News and Social Media Coverage

News Sentiment
MRC Global has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for MRC Global this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for MRC on MarketBeat in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MRC Global insiders have not sold or bought any company stock.
Percentage Held by Insiders
20.90% of the stock of MRC Global is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
94.97% of the stock of MRC Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MRC Global are expected to grow by 24.74% in the coming year, from $0.97 to $1.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MRC Global is 11.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of MRC Global is 11.19, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.79.
Price to Book Value per Share Ratio
MRC Global has a P/B Ratio of 2.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About MRC Global Stock (NYSE:MRC)

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. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel, alloy and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment, such as high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services under the ValidTorque and FastTrack names. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.

MRC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MRC Stock News Headlines

April 17, 2024 | msn.com

Apple CEO meets Indonesia leader to talk investments

April 16, 2024 | msn.com

Megan Fox is right: we shouldn’t waste our time on bad dates

April 18, 2024 | DTI (Ad)

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April 14, 2024 | americanbankingnews.com

MRC Global Inc. (NYSE:MRC) Given Consensus Rating of "Buy" by Brokerages

April 9, 2024 | americanbankingnews.com

MRC Global (NYSE:MRC) Price Target Raised to $15.00 at Susquehanna

April 9, 2024 | americanbankingnews.com

MRC Global (NYSE:MRC) Hits New 12-Month High Following Analyst Upgrade

April 5, 2024 | msn.com

MRC expands into digital space, to take largest stake in Rappler

April 4, 2024 | msn.com

Scientists discover fat genes that dramatically increase risk of obesity

April 18, 2024 | DTI (Ad)

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April 3, 2024 | msn.com

JIC Certifies Comscore, VideoAmp Are Ready to Use For Transactions

April 1, 2024 | msn.com

Report shows dire state of Mekong’s fish — but damage can still be undone

March 31, 2024 | finance.yahoo.com

MRC Global Inc.'s (NYSE:MRC) Stock Is Going Strong: Is the Market Following Fundamentals?

March 29, 2024 | finance.yahoo.com

Pixalate’s March 2024 Ad Fraud Research on Mobile Apps with the Highest Invalid Traffic (IVT) Rate on Google, Apple App Stores: 20% Global IVT Rate

March 28, 2024 | msn.com

Rural residents feel less lonely than their urban neighbors, Scottish study finds

March 25, 2024 | investing.com

MRC Global reports record profit margins and cash flow

March 25, 2024 | markets.businessinsider.com

Incognia to Showcase Its Next-Generation Identity Signal at Merchant Risk Council in Las Vegas

March 25, 2024 | globenewswire.com

MRC Global Announces First Quarter 2024 Earnings Release, Conference Call and Webcast Schedule

March 19, 2024 | finance.yahoo.com

MRC Global Responds to Engine Capital and Affirms Board and Management’s Focus on Delivering Long-Term Value Creation

March 19, 2024 | globenewswire.com

MRC Global Responds to Engine Capital and Affirms Board and Management's Focus on Delivering Long-Term Value Creation

March 19, 2024 | finance.yahoo.com

Engine Nominates Two Highly Qualified Candidates for Election to MRC Global’s Board of Directors at the 2024 Annual Meeting

March 19, 2024 | businesswire.com

Engine Nominates Two Highly Qualified Candidates for Election to MRC Global's Board of Directors at the 2024 Annual Meeting

March 18, 2024 | markets.businessinsider.com

Canadian Market Down Marginally In Lackluster Trade

March 18, 2024 | msn.com

The EPA May Finalize Tough New Rules To Boost EV Sales This Week

March 16, 2024 | msn.com

Prevention better than cure: Your guide to taking HPV vaccine

March 13, 2024 | msn.com

Stars of Irish Music Biopic ‘Kneecap’ Cancel SXSW Shows ‘In Solidarity With People of Palestine’

March 11, 2024 | msn.com

Who Came Out Ahead at the Oscars, from ‘Oppenheimer’ to Jimmy Kimmel and Ryan Gosling

March 11, 2024 | msn.com

Stars of Irish Music Biopic ‘Kneecap’ Cancel SXSW Shows “In Solidarity With People of Palestine”

See More Headlines

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Company Calendar

Last Earnings: 2/13/2024
Today: 4/17/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Industrial Products
Industry: Industrial machinery & equipment
Sub-Industry: Trading Companies & Distributors
Current Symbol: NYSE:MRC
CUSIP: 55345K10
CIK: 1439095
Web: www.mrcglobal.com
Phone: (877) 294-7574
Fax: 713-655-1477
Employees: 2,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.33
High Stock Price Target: $17.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +31.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.04
Trailing P/E Ratio: 11.19
Forward P/E Ratio: 12.00
P/E Growth: N/A
Net Income: $114 million
Net Margins: 3.34%
Pretax Margin: 4.48%
Return on Equity: 26.92%
Return on Assets: 6.15%

Debt

Debt-to-Equity Ratio: 0.02
Current Ratio: 1.48
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $3.41 billion
Price / Sales: 0.29
Cash Flow: $1.86 per share
Price / Cash Flow: 6.26
Book Value: $5.79 per share
Price / Book: 2.01

Miscellaneous

Outstanding Shares: 84,390,000
Free Float: 66,752,000
Market Cap: $982.30 million
Optionable: Optionable
Beta: 1.99

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Key Executives

Mr. Robert James Saltiel Jr. (Age 61)
President, CEO & Director
Comp: $2.63M
Mr. Kelly Youngblood (Age 58)
Executive VP & CFO
Comp: $1.21M
Mr. Daniel J. Churay J.D. (Age 62)
Executive VP of Corporate Affairs, General Counsel & Corporate Secretary
Comp: $993.15k
Mr. Rance Long (Age 55)
Senior Vice President of Sales & Marketing
Comp: $820.68k
Mr. Grant R. Bates (Age 52)
Senior Vice President of North America Operations & E-Commerce
Comp: $939.37k
Ms. Gillian Anderson (Age 38)
VP & Chief Accounting Officer
Ms. Monica Schafer Broughton
Vice President of Investor Relations
Ms. Shweta Kurvey-Mishra (Age 44)
Senior VP & Chief Human Resources Officer
Mr. Jack McCarthy (Age 58)
Senior Vice President of Supply Chain, Quality & Technical Sales
Mr. Steve Smith (Age 56)
Senior Vice President of International Operations

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MRC Stock Analysis - Frequently Asked Questions

Should I buy or sell MRC Global stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MRC Global in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRC shares.
View MRC analyst ratings or view top-rated stocks.
What is MRC Global's stock price target for 2024?: 3 brokerages have issued 1-year price objectives for MRC Global's shares. Their MRC share price targets range from $14.00 to $17.00. On average, they anticipate the company's stock price to reach $15.33 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price.
View analysts price targets for MRC or view top-rated stocks among Wall Street analysts.
How have MRC shares performed in 2024?: MRC Global's stock was trading at $11.01 at the beginning of the year. Since then, MRC stock has increased by 5.7% and is now trading at $11.64.
View the best growth stocks for 2024 here.
Are investors shorting MRC Global?: MRC Global saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,250,000 shares, a drop of 22.8% from the March 15th total of 1,620,000 shares. Based on an average daily volume of 579,400 shares, the days-to-cover ratio is presently 2.2 days.
View MRC Global's Short Interest.
When is MRC Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our MRC earnings forecast.
How can I listen to MRC Global's earnings call?: MRC Global will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13745025#".

How were MRC Global's earnings last quarter?: MRC Global Inc. (NYSE:MRC) announced its earnings results on Tuesday, February, 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.12. The oil and gas company had revenue of $768 million for the quarter, compared to the consensus estimate of $810.52 million. MRC Global had a net margin of 3.34% and a trailing twelve-month return on equity of 26.92%. MRC Global's revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS.
What ETF holds MRC Global's stock?: Invesco Russell 2000 Dynamic Multifactor ETF holds 118,229 shares of MRC stock, representing 0.40% of its portfolio.
What other stocks do shareholders of MRC Global own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MRC Global investors own include CVS Health (CVS), MGM Resorts International (MGM), Wells Fargo & Company (WFC), Walt Disney (DIS), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), Alibaba Group (BABA), SLM (SLM) and Advanced Micro Devices (AMD).
Who are MRC Global's major shareholders?: MRC Global's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include First Hawaiian Bank (0.10%). Insiders that own company stock include Gillian Anderson and Malcolm O'neal.
View institutional ownership trends.
How do I buy shares of MRC Global?: Shares of MRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:MRC) was last updated on 4/18/2024 by MarketBeat.com Staff

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