NYSE:MRC MRC Global (MRC) Stock Forecast, Price & News $9.41 +0.53 (+5.97%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$9.10▼$9.5650-Day Range$8.55▼$10.0652-Week Range$7.03▼$13.90Volume622,777 shsAverage Volume639,490 shsMarket Capitalization$792.42 millionP/E Ratio11.62Dividend YieldN/APrice Target$13.67 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media MRC Global MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside45.2% Upside$13.67 Price TargetShort InterestHealthy2.18% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.00Based on 3 Articles This WeekInsider TradingSelling Shares$59,950 Sold Last QuarterProj. Earnings Growth18.30%From $1.53 to $1.81 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.97 out of 5 starsIndustrial Products Sector8th out of 178 stocksIndustrial Machinery & Equipment Industry1st out of 5 stocks 3.5 Analyst's Opinion Consensus RatingMRC 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/DownsideAccording to analysts' consensus price target of $13.67, MRC Global has a forecasted upside of 45.2% from its current price of $9.41.Amount of Analyst CoverageMRC Global has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.18% of the float of MRC Global has been sold short.Short Interest Ratio / Days to CoverMRC 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 monthShort interest in MRC Global has recently increased by 8.75%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldMRC Global does not currently pay a dividend.Dividend GrowthMRC Global does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MRC. Previous Next 2.8 News and Social Media Coverage News SentimentMRC Global has a news sentiment score of 1.00. 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 0.62 average news sentiment score of Industrial Products companies.News Coverage This WeekMarketBeat has tracked 3 news articles for MRC Global this week, compared to 3 articles on an average week.Search InterestOnly 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 Follows2 people have added MRC Global to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, MRC Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $59,950.00 in company stock.Percentage Held by Insiders22.10% 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 Institutions96.14% of the stock of MRC Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for MRC Global are expected to grow by 18.30% in the coming year, from $1.53 to $1.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of MRC Global is 11.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.Price to Earnings Ratio vs. SectorThe P/E ratio of MRC Global is 11.62, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.81.Price to Book Value per Share RatioMRC Global has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About MRC Global (NYSE:MRC) StockMRC Global, Inc. is a holding company, which engages in the distribution of pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets. It operates through the following geographical segments: U.S., Canada, and International. The company was founded on November 20, 2006 and is headquartered in Houston, TX.Read More Receive MRC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for MRC Global and its competitors with MarketBeat's FREE daily newsletter. Email Address MRC Stock News HeadlinesJune 1, 2023 | fool.comMRC Global (NYSE: MRC)May 18, 2023 | americanbankingnews.comStockNews.com Initiates Coverage on MRC Global (NYSE:MRC)June 3, 2023 | Legacy Research (Affiliate) (Ad)“Amazon Loophole” could hand you $28,544 in “royalty” payoutsThanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.May 17, 2023 | marketwatch.comOverview of Pipe Flange Market Dynamics and Trends for 2023-2030May 16, 2023 | finance.yahoo.comMRC Global Inc.'s (NYSE:MRC) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?May 14, 2023 | americanbankingnews.comEquities Analysts Set Expectations for MRC Global Inc.'s Q2 2023 Earnings (NYSE:MRC)May 12, 2023 | marketwatch.com8-K: MRC GLOBAL INC.May 11, 2023 | americanbankingnews.comMRC Global (NYSE:MRC) Posts Earnings ResultsJune 3, 2023 | Stocks To Trade (Ad)15 A.I. 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We generate 15 trading opportunities a day.May 10, 2023 | msn.comSusquehanna Maintains MRC Global (MRC) Positive RecommendationMay 10, 2023 | americanbankingnews.comSusquehanna Trims MRC Global (NYSE:MRC) Target Price to $12.00May 8, 2023 | finance.yahoo.comMRC Global Announces First Quarter 2023 ResultsMay 8, 2023 | finance.yahoo.comMRC Global (MRC) Q1 Earnings and Revenues Surpass EstimatesMay 6, 2023 | americanbankingnews.comMRC Global (MRC) Scheduled to Post Quarterly Earnings on MondayApril 27, 2023 | finance.yahoo.comMRC Global Postpones Term Loan Refinancing Following Cornell Capital LawsuitApril 27, 2023 | marketwatch.comIndustrial Distribution Market: Recent Growing Trend 2030April 24, 2023 | msn.comMRC Global Proposes Refinancing Of Credit Facility; Reports Solid Preliminary Q1 EarningsApril 24, 2023 | msn.comMRC Global expects above-consensus Q1 sales of $885MApril 24, 2023 | finance.yahoo.comMRC Global Announces Proposed Refinancing of Senior Secured Term Loan B Credit Agreement and Provides Preliminary First Quarter 2023 Financial ResultsApril 18, 2023 | msn.comStifel Maintains MRC Global (MRC) Buy RecommendationApril 17, 2023 | americanbankingnews.comMRC Global (NYSE:MRC) Price Target Cut to $15.00 by Analysts at Stifel NicolausApril 13, 2023 | americanbankingnews.comMRC Global Inc. to Post Q1 2023 Earnings of $0.29 Per Share, KeyCorp Forecasts (NYSE:MRC)April 7, 2023 | marketwatch.com2023-2030 OCTG (Oil Country Tubular Goods) Market Size Detailed Report with Sales and Revenue Analysis | Research by Absolute ReportsApril 6, 2023 | marketwatch.comAPI Pipe Market Research Analysis 2023-2030April 6, 2023 | americanbankingnews.comSusquehanna Trims MRC Global (NYSE:MRC) Target Price to $15.00March 29, 2023 | marketwatch.comIndustrial Valves in Oil and Gas Market Average Price by ManufacturersMarch 27, 2023 | marketwatch.comAPI Pipe Market 2023 Key Trends, Applications & Future Developments to 2031See More Headlines MRC Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MRC Company Calendar Last Earnings5/08/2023Today6/03/2023Next Earnings (Estimated)8/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Industrial machinery & equipment Sub-IndustryTrading Companies & Distributors SectorIndustrial Products Current SymbolNYSE:MRC CUSIP55345K10 CIK1439095 Webwww.mrcglobal.com Phone(877) 294-7574Fax713-655-1477Employees2,800Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.67 High Stock Price Forecast$15.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+45.2%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$0.81 Trailing P/E Ratio11.62 Forward P/E Ratio6.15 P/E GrowthN/ANet Income$75 million Net Margins2.65% Pretax Margin3.82% Return on Equity36.34% Return on Assets7.11% Debt Debt-to-Equity Ratio0.94 Current Ratio2.10 Quick Ratio0.99 Sales & Book Value Annual Sales$3.36 billion Price / Sales0.24 Cash Flow$2.13 per share Price / Cash Flow4.41 Book Value$4.89 per share Price / Book1.92Miscellaneous Outstanding Shares84,210,000Free Float65,601,000Market Cap$792.42 million OptionableOptionable Beta2.18 Key ExecutivesRobert J. SaltielPresident, Chief Executive Officer & DirectorKelly YoungbloodChief Financial Officer & Executive Vice PresidentShweta Kurvey-MishraChief Human Resources Officer & SVPGillian AndersonChief Accounting Officer & Vice PresidentTod MossSVP-US Western & Canada Regional OperationsKey CompetitorsDXP EnterprisesNASDAQ:DXPEGlobal IndustrialNYSE:GICAlta Equipment GroupNYSE:ALTGCentury AluminumNASDAQ:CENXScanSourceNASDAQ:SCSCView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 13,416 shares on 6/1/2023Ownership: 0.016%Legato Capital Management LLCBought 10,802 shares on 5/25/2023Ownership: 0.095%Putnam Investments LLCSold 45,489 shares on 5/22/2023Ownership: 0.568%American TrustBought 3,306 shares on 5/22/2023Ownership: 0.051%New York State Common Retirement FundSold 11,998 shares on 5/18/2023Ownership: 0.052%View All Insider TransactionsView 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 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 forecast for 2023? 3 analysts have issued 12 month price targets for MRC Global's shares. Their MRC share price forecasts range from $12.00 to $15.00. On average, they expect the company's share price to reach $13.67 in the next year. This suggests a possible upside of 45.2% 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 the year. Since then, MRC stock has decreased by 18.7% and is now trading at $9.41. 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 Monday, August 14th 2023. View our MRC earnings forecast. How were MRC Global's earnings last quarter? MRC Global Inc. (NYSE:MRC) announced its quarterly earnings results on Monday, May, 8th. The oil and gas company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The oil and gas company earned $885 million during the quarter, compared to analyst estimates of $860.17 million. MRC Global had a net margin of 2.65% and a trailing twelve-month return on equity of 36.34%. The company's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. What ETFs hold MRC Global's stock? ETFs with the largest weight of MRC Global (NYSE:MRC) stock in their portfolio include iShares US Small Cap Value Factor ETF (SVAL), Invesco DWA SmallCap Momentum ETF (DWAS), Global X U.S. Infrastructure Development ETF (PAVE), What guidance has MRC Global issued on next quarter's earnings? MRC Global updated its first quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of for the period. The company issued revenue guidance of $885.00 million-$885.00 million, compared to the consensus revenue estimate of $848.67 million. 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." Who are MRC Global's major shareholders? MRC Global's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.87%), Pzena Investment Management LLC (6.94%), Frontier Capital Management Co. LLC (6.30%), Dimensional Fund Advisors LP (3.66%), Wellington Management Group LLP (2.72%) and Harvey Partners LLC (2.31%). 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 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 $9.41. How much money does MRC Global make? MRC Global (NYSE:MRC) has a market capitalization of $792.42 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 $0.81 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding MRC Global Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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