MRC Global (MRC) Getting Somewhat Favorable News Coverage, Report Finds
Media coverage about MRC Global (NYSE:MRC) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. MRC Global earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.1443565771177 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
MRC has been the topic of a number of recent research reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 target price on shares of MRC Global in a research report on Sunday, September 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $21.00 target price on shares of MRC Global in a research report on Sunday, September 10th. J P Morgan Chase & Co lowered their target price on MRC Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 12th. Cowen set a $24.00 target price on MRC Global and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $20.67.
MRC Global (MRC) opened at $15.81 on Thursday. MRC Global has a 12-month low of $14.01 and a 12-month high of $22.52. The company has a current ratio of 2.31, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57.
About MRC Global
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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