MRC Global (MRC) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our MRC earnings forecast.

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.

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),

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.

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).

MRC Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "MRC."

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.
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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.
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One share of MRC stock can currently be purchased for approximately $9.41.

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.

The company employs 2,800 workers across the globe.

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.