MRC Global (MRC) Projected to Post Earnings on Monday

MRC Global (NYSE:MRC) is projected to issue its quarterly earnings data after the market closes on Monday, March 3rd. Analysts expect the company to announce earnings of $0.08 per share and revenue of $726.90 million for the quarter.

MRC Global Trading Down 4.5 %

NYSE MRC opened at $12.19 on Monday. MRC Global has a twelve month low of $11.09 and a twelve month high of $15.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 14.01 and a beta of 1.97. The firm’s 50 day moving average price is $13.51 and its two-hundred day moving average price is $13.09.

MRC Global declared that its board has authorized a stock repurchase program on Friday, January 3rd that permits the company to buyback $125.00 million in outstanding shares. This buyback authorization permits the oil and gas company to repurchase up to 11% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have recently commented on MRC. Susquehanna boosted their price target on shares of MRC Global from $16.00 to $17.00 and gave the company a “positive” rating in a report on Thursday, November 7th. StockNews.com cut shares of MRC Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th.

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.