Media headlines about MRC Global (NYSE:MRC) have been trending positive on Saturday, according to AlphaOne Sentiment. The research firm, a subsidiary of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MRC Global earned a media sentiment score of 0.41 on AlphaOne’s scale. AlphaOne also gave media coverage about the oil and gas company an impact score of 68 out of 100, meaning that recent news coverage is likely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
Shares of MRC Global (NYSE:MRC) traded up 8.18% during midday trading on Friday, hitting $19.04. 1,123,880 shares of the stock traded hands. MRC Global has a one year low of $11.50 and a one year high of $22.52. The firm has a 50-day moving average price of $18.31 and a 200 day moving average price of $19.13. The stock’s market cap is $1.81 billion.
MRC Global (NYSE:MRC) last posted its earnings results on Thursday, May 4th. The oil and gas company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.07. The firm earned $862 million during the quarter, compared to analyst estimates of $798.38 million. MRC Global had a negative net margin of 13.92% and a negative return on equity of 0.01%. MRC Global’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.10) EPS. Analysts anticipate that MRC Global will post $0.08 earnings per share for the current year.
Several equities analysts have issued reports on MRC shares. Evercore ISI upped their price objective on shares of MRC Global to $25.00 in a research note on Wednesday, February 22nd. Raymond James Financial, Inc. upgraded shares of MRC Global from a “market perform” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Wednesday, April 19th. Seaport Global Securities upgraded shares of MRC Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $25.00 in a research note on Tuesday, February 21st. TheStreet upgraded shares of MRC Global from a “d+” rating to a “c” rating in a research note on Thursday, February 16th. Finally, Zacks Investment Research downgraded shares of MRC Global from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $21.57.
In other MRC Global news, EVP Daniel J. Churay sold 3,080 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $21.30, for a total transaction of $65,604.00. Following the completion of the transaction, the executive vice president now directly owns 63,349 shares of the company’s stock, valued at approximately $1,349,333.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.10% of the company’s stock.
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.