MRC Global - MRC Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MRC Global in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRC shares.
View MRC analyst ratings or view top-rated stocks.

2 brokerages have issued 12 month price objectives for MRC Global's shares. Their MRC share price forecasts range from $14.00 to $17.00. On average, they expect the company's stock price to reach $15.67 in the next twelve months. This suggests a possible upside of 64.2% from the stock's current price.
View analysts price targets for MRC or view top-rated stocks among Wall Street analysts.

MRC Global's stock was trading at $11.58 at the beginning of 2023. Since then, MRC stock has decreased by 17.6% and is now trading at $9.54.
View the best growth stocks for 2023 here.

MRC Global saw a drop in short interest in the month of February. As of February 15th, there was short interest totaling 1,470,000 shares, a drop of 19.7% from the January 31st total of 1,830,000 shares. Based on an average daily trading volume, of 580,500 shares, the short-interest ratio is presently 2.5 days. Currently, 1.8% of the company's shares are short sold.
View MRC Global's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our MRC earnings forecast.

MRC Global will be holding an earnings conference call on Tuesday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13737072#".

MRC Global Inc. (NYSE:MRC) released its quarterly earnings results on Monday, February, 13th. The oil and gas company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. The oil and gas company earned $869 million during the quarter, compared to analysts' expectations of $872.18 million. MRC Global had a net margin of 2.23% and a trailing twelve-month return on equity of 34.84%. The firm's revenue for the quarter was up 26.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 earnings per share.

ETFs with the largest weight of MRC Global (NYSE:MRC) stock in their portfolio include Invesco DWA SmallCap Momentum ETF (DWAS), iShares US Small Cap Value Factor ETF (SVAL) and Global X U.S. Infrastructure Development ETF (PAVE) and

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 many different retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (6.49%), Fuller & Thaler Asset Management Inc. (5.06%), Dimensional Fund Advisors LP (3.75%), American Century Companies Inc. (3.37%), Charles Schwab Investment Management Inc. (1.83%) and Mirae Asset Global Investments Co. Ltd. (1.76%). 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 $9.54.

MRC Global (NYSE:MRC) has a market capitalization of $798.02 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 $0.60 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.