MRC Global (NYSE:MRC) Releases Earnings Results, Beats Estimates By $0.09 EPS

MRC Global (NYSE:MRC) announced its quarterly earnings data on Wednesday. The oil and gas company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09, Briefing.com reports. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $760.76 million. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The company’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS.

MRC Global Stock Up 7.1 %

Shares of MRC traded up $0.83 on Thursday, reaching $12.55. The stock had a trading volume of 685,007 shares, compared to its average volume of 566,069. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 12.05 and a beta of 2.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.76 and a current ratio of 1.48. The company has a 50-day simple moving average of $12.10 and a 200-day simple moving average of $11.19. MRC Global has a 12-month low of $8.15 and a 12-month high of $13.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MRC shares. Stephens reiterated an “overweight” rating and set a $17.00 price objective on shares of MRC Global in a research report on Wednesday, February 14th. Susquehanna increased their price objective on MRC Global from $13.00 to $15.00 and gave the stock a “positive” rating in a report on Monday, April 8th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, MRC Global has a consensus rating of “Buy” and a consensus price target of $15.33.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.