Somewhat Favorable News Coverage Somewhat Unlikely to Affect MRC Global (MRC) Share Price

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News stories about MRC Global (NYSE:MRC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MRC Global earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.9518863303839 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

MRC Global traded up $0.07, hitting $21.67, during mid-day trading on Friday, Marketbeat Ratings reports. 935,423 shares of the company’s stock were exchanged, compared to its average volume of 870,579. The company has a market capitalization of $1.94 billion, a PE ratio of 722.33, a PEG ratio of 1.66 and a beta of 1.53. MRC Global has a fifty-two week low of $14.01 and a fifty-two week high of $22.11. The company has a current ratio of 2.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.85.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Wednesday, May 2nd. The oil and gas company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $948.42 million. MRC Global had a return on equity of 5.13% and a net margin of 1.63%. The company’s revenue was up 17.2% compared to the same quarter last year. analysts predict that MRC Global will post 0.87 EPS for the current fiscal year.

A number of brokerages have commented on MRC. Susquehanna Bancshares set a $22.00 price objective on MRC Global and gave the company a “buy” rating in a research report on Friday, April 13th. Stifel Nicolaus increased their price target on MRC Global from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, May 4th. Zacks Investment Research raised MRC Global from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, May 2nd. Finally, ValuEngine raised MRC Global from a “sell” rating to a “hold” rating in a research note on Thursday, April 19th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.00.

In other MRC Global news, CEO Andrew R. Lane sold 177,500 shares of the stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $20.07, for a total transaction of $3,562,425.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Lane sold 226,864 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $20.49, for a total value of $4,648,443.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,069,932 shares of company stock valued at $21,036,562. Corporate insiders own 7.00% of the company’s stock.

MRC Global Company Profile

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

Insider Buying and Selling by Quarter for MRC Global (NYSE:MRC)

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