NYSE:MRC

MRC Global (MRC) Stock Forecast, Price & News

$10.25

-0.07 (-0.68%)

(As of 09/29/2023 ET)

Compare

Today's Range: $10.18
▼
$10.42
50-Day Range: $8.94
▼
$11.45
52-Week Range: $7.14
▼
$13.90

Volume: 412,424 shs
Average Volume: 797,722 shs
Market Capitalization: $861.10 million

P/E Ratio: 11.02
Dividend Yield: N/A
Price Target: $14.67

MRC Global MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 43.1% Upside
$14.67 Price Target
Short Interest: Healthy
2.16% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.01
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 16.38%
From $1.16 to $1.35 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Industrial Products Sector

39th out of 180 stocks

Industrial Machinery & Equipment Industry

2nd 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.
Price Target Upside/Downside
According to analysts' consensus price target of $14.67, MRC Global has a forecasted upside of 43.1% from its current price of $10.25.
Amount of Analyst Coverage
MRC Global has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.16% of the float of MRC Global has been sold short.
Short Interest Ratio / Days to Cover
MRC Global has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MRC Global has recently increased by 14.19%, indicating that investor sentiment is decreasing 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.

2.8

News and Social Media Coverage

News Sentiment
MRC Global has a news sentiment score of 1.01. 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 higher news sentiment than the 0.63 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for MRC Global this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for MRC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
4 people have added MRC Global to their MarketBeat watchlist in the last 30 days.

1.7

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
22.10% of the stock of MRC Global is held by insiders. A high percentage of insider ownership can be a sign of company health.

3.1

Earnings and Valuation

Earnings Growth
Earnings for MRC Global are expected to grow by 16.38% in the coming year, from $1.16 to $1.35 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of MRC Global is 11.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of MRC Global is 11.02, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 18.80.
Price to Book Value per Share Ratio
MRC Global has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MRC Global (NYSE:MRC) Stock

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products. 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, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces, and valve inspection and repair services; and various other 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 Price History

30 days | 90 days | 365 days | Advanced Chart

MRC Stock News Headlines

September 27, 2023 | finance.yahoo.com

MRC Global Extends Enterprise Framework Agreement with Shell

September 27, 2023 | americanbankingnews.com

MRC Global Inc. (NYSE:MRC) Given Average Recommendation of "Buy" by Brokerages

October 1, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

And a consultant for the Dept. of Defense (Joel Litman) says this is all leading to an event in the next 20 months that could help some get vastly wealthier… but also make it harder than ever to hang onto any money you make.This might be the most important development affecting you and your money over the next few years—

September 18, 2023 | barrons.com

MRC Global Inc.

September 15, 2023 | finance.yahoo.com

MRC Global Announces Third Quarter 2023 Earnings Release, Conference Call and Webcast Schedule

September 12, 2023 | finance.yahoo.com

Reasons Why You Should Avoid Betting on MRC Global (MRC)

September 6, 2023 | finance.yahoo.com

Why Is MRC (MRC) Up 3.2% Since Last Earnings Report?

August 9, 2023 | finance.yahoo.com

Q2 2023 MRC Global Inc Earnings Call

October 1, 2023 | Altimetry (Ad)

Biden's latest bailout--terrible for America?

August 8, 2023 | finance.yahoo.com

MRC Global (MRC) Q2 Earnings Miss Estimates, Revenues Up Y/Y

August 8, 2023 | seekingalpha.com

MRC Global Inc. 2023 Q2 - Results - Earnings Call Presentation

August 8, 2023 | finance.yahoo.com

MRC Global Announces Second Quarter 2023 Results

August 7, 2023 | seekingalpha.com

MRC Global Q2 2023 Earnings Preview

August 7, 2023 | finance.yahoo.com

The Return Trends At MRC Global (NYSE:MRC) Look Promising

July 28, 2023 | seekingalpha.com

MRC Global Stock Seems Too Cheap To Ignore

July 12, 2023 | stocknews.com

3 Energy Stocks to Boost Your Portfolio

July 12, 2023 | finance.yahoo.com

MRC Global Publishes 2023 Environmental, Social Responsibility & Corporate Governance Report

June 16, 2023 | finance.yahoo.com

MRC Global Announces Second Quarter 2023 Earnings Release, Conference Call and Webcast Schedule

June 16, 2023 | finance.yahoo.com

MRC Global Announces Second Quarter 2023 Earnings Release, Conference Call and Webcast Schedule

June 14, 2023 | msn.com

Reasons to Retain MRC Global (MRC) Stock in Your Portfolio

June 12, 2023 | finance.yahoo.com

MRC Global (NYSE:MRC) shareholders have earned a 18% CAGR over the last three years

June 11, 2023 | finance.yahoo.com

US55345K1034.SG - MRC Global Inc.

June 7, 2023 | finance.yahoo.com

MRC (MRC) Up 7.5% Since Last Earnings Report: Can It Continue?

June 1, 2023 | fool.com

MRC Global (NYSE: MRC)

May 17, 2023 | marketwatch.com

Overview of Pipe Flange Market Dynamics and Trends for 2023-2030

May 16, 2023 | finance.yahoo.com

MRC Global Inc.'s (NYSE:MRC) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?

May 12, 2023 | marketwatch.com

8-K: MRC GLOBAL INC.

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MRC Company Calendar

Last Earnings: 8/07/2023
Today: 9/30/2023
Next Earnings (Confirmed): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Industrial machinery & equipment
Sub-Industry: Trading Companies & Distributors
Sector: Industrial Products
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 Forecast: $14.67
High Stock Price Forecast: $17.00
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +43.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.93
Trailing P/E Ratio: 11.02
Forward P/E Ratio: 8.84
P/E Growth: N/A
Net Income: $75 million
Net Margins: 2.92%
Pretax Margin: 4.19%
Return on Equity: 34.08%
Return on Assets: 6.94%

Debt

Debt-to-Equity Ratio: 0.85
Current Ratio: 2.16
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $3.36 billion
Price / Sales: 0.26
Cash Flow: $1.96 per share
Price / Cash Flow: 5.23
Book Value: $4.61 per share
Price / Book: 2.22

Miscellaneous

Outstanding Shares: 84,010,000
Free Float: 65,445,000
Market Cap: $861.10 million
Optionable: Optionable
Beta: 2.24

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Key Executives

Mr. Robert James Saltiel Jr. (Age 60)
Pres, CEO & Director
Comp: $2.63M

Mr. Kelly Youngblood (Age 57)
Exec. VP & CFO
Comp: $1.21M

Mr. Daniel J. Churay J.D. (Age 61)
Exec. VP of Corp. Affairs, Gen. Counsel & Corp. Sec.
Comp: $993.15k

Mr. Rance Long (Age 54)
Sr. VP of Sales & Marketing
Comp: $820.68k

Mr. Grant R. Bates (Age 51)
Sr. VP of North America Operations & E-Commerce
Comp: $939.37k

Ms. Gillian Anderson (Age 37)
VP & Chief Accounting Officer

Ms. Monica Schafer Broughton
VP of Investor Relations

Ms. Shweta Kurvey-Mishra (Age 43)
Sr. VP & Chief HR Officer

Mr. Jack McCarthy (Age 57)
Sr. VP of Supply Chain, Quality & Technical Sales

Mr. Steve Smith (Age 55)
Sr. VP of International Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MRC Stock - 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 twelve months. 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 forecast for 2023?: 3 Wall Street research analysts have issued 1 year price targets for MRC Global's shares. Their MRC share price forecasts range from $12.00 to $17.00. On average, they expect the company's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 43.1% 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 2023?: MRC Global's stock was trading at $11.58 at the beginning of 2023. Since then, MRC shares have decreased by 11.5% and is now trading at $10.25.
View the best growth stocks for 2023 here.
When is MRC Global's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
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 Wednesday, November 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-689-8261 with passcode "13740768#".
How were MRC Global's earnings last quarter?: MRC Global Inc. (NYSE:MRC) released its quarterly earnings results on Monday, August, 7th. The oil and gas company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.36 by $0.11. The oil and gas company earned $871 million during the quarter, compared to analyst estimates of $914.58 million. MRC Global had a net margin of 2.92% and a trailing twelve-month return on equity of 34.08%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS.

What ETF holds MRC Global's stock ?: Invesco Russell 2000 Dynamic Multifactor ETF holds 106,758 shares of MRC stock, representing 0.34% 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).
What is MRC Global's stock symbol?: MRC Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRC."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MRC Global's stock price today?: One share of MRC stock can currently be purchased for approximately $10.25.
How much money does MRC Global make?: MRC Global (NYSE:MRC) has a market capitalization of $861.10 million and generates $3.36 billion in revenue each year. The oil and gas company earns $75 million in net income (profit) each year or $0.93 on an earnings per share basis.
How many employees does MRC Global have?: The company employs 2,800 workers across the globe.
How can I contact MRC Global?: MRC Global's mailing address is 1301 MCKINNEY STREET SUITE 2300, HOUSTON TX, 77010. The official website for the company is www.mrcglobal.com. The oil and gas company can be reached via phone at (877) 294-7574, via email at investor.relations@mrcglobal.com, or via fax at 713-655-1477.

This page (NYSE:MRC) was last updated on 10/1/2023 by MarketBeat.com Staff

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