News articles about MRC Global (NYSE:MRC) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MRC Global earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 44.6411764539735 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- MRC Global Inc (MRC) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- Computer Aided Dispatch (CAD) Market 2017 Global Trend, Segmentation and Opportunities Forecast To 2022 (einpresswire.com)
- MRC Global, Inc. – Value Analysis (NYSE:MRC) : December 21, 2017 (finance.yahoo.com)
- MRC Global, Inc. breached its 50 day moving average in a Bullish Manner : MRC-US : December 20, 2017 (finance.yahoo.com)
A number of research firms have commented on MRC. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price target on shares of MRC Global in a research report on Thursday, December 14th. ValuEngine downgraded MRC Global from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research raised MRC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Cowen dropped their price objective on MRC Global from $24.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Finally, Robert W. Baird reissued a “hold” rating and issued a $21.00 price objective on shares of MRC Global in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. MRC Global presently has a consensus rating of “Hold” and an average price target of $20.44.
MRC Global declared that its board has authorized a share repurchase program on Thursday, November 2nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.
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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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