MRC Global (MRC) to Release Earnings on Friday
MRC Global (NYSE:MRC) is set to post its Q313 quarterly earnings results on Friday, November 1st. Analysts expect MRC Global to post earnings of $0.45 per share and revenue of $1.32 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Shares of MRC Global (NYSE:MRC) opened at 28.17 on Thursday. MRC Global has a 52-week low of $21.60 and a 52-week high of $34.14. The stock’s 50-day moving average is $25.76 and its 200-day moving average is $28.73. The company has a market cap of $2.865 billion and a P/E ratio of 20.62.
MRC has been the subject of a number of recent research reports. Analysts at BB&T Corp. initiated coverage on shares of MRC Global in a research note to investors on Thursday, October 17th. They set a “buy” rating and a $33.00 price target on the stock. On a related note, analysts at Robert W. Baird raised their price target on shares of MRC Global from $28.00 to $33.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of MRC Global from $29.00 to $32.50 in a research note to investors on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $31.60.
MRC Global Inc, formerly known as McJunkin Red Man Holding Corporation is a holding company. The Company is the distributor of pipe, valves and fittings (NYSE:MRC) and related products and services to the energy industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.