MRC Global (NYSE:MRC) Getting Somewhat Favorable Press Coverage, Accern Reports

Media stories about MRC Global (NYSE:MRC) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern 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 news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.9277613863731 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Shares of MRC Global (MRC) opened at 15.63 on Friday. The stock has a 50 day moving average price of $16.27 and a 200 day moving average price of $18.16. MRC Global has a 1-year low of $13.50 and a 1-year high of $22.52. The stock’s market capitalization is $1.48 billion.

MRC Global (NYSE:MRC) last announced its earnings results on Thursday, August 3rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $922 million for the quarter, compared to analyst estimates of $916.82 million. MRC Global had a positive return on equity of 0.39% and a negative net margin of 1.40%. The business’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) EPS. Equities research analysts anticipate that MRC Global will post $0.17 EPS for the current year.

Several research firms recently issued reports on MRC. KeyCorp reaffirmed a “sector weight” rating on shares of MRC Global in a research report on Friday, May 26th. BidaskClub raised MRC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Stifel Nicolaus began coverage on MRC Global in a research report on Tuesday, June 6th. They issued a “buy” rating and a $22.00 price objective on the stock. Seaport Global Securities cut MRC Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $17.00 in a research report on Wednesday, June 21st. Finally, Cowen and Company increased their price target on MRC Global from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. MRC Global presently has an average rating of “Hold” and a consensus target price of $21.50.

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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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