Wall Street analysts forecast that MRC Global Inc (NYSE:MRC) will announce $0.03 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for MRC Global’s earnings, with estimates ranging from ($0.01) to $0.08. MRC Global reported earnings per share of ($0.18) during the same quarter last year, which indicates a positive year-over-year growth rate of 116.7%. The business is scheduled to issue its next earnings report after the market closes on Thursday, February 15th.

According to Zacks, analysts expect that MRC Global will report full year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.03 to $0.18. For the next fiscal year, analysts anticipate that the business will post earnings of $0.62 per share, with EPS estimates ranging from $0.35 to $0.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for MRC Global.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). MRC Global had a positive return on equity of 1.44% and a negative net margin of 0.09%.

Several research firms recently weighed in on MRC. Stifel Nicolaus restated a “buy” rating and issued a $22.00 price objective (up from $18.00) on shares of MRC Global in a research report on Tuesday. Susquehanna Bancshares set a $21.00 price objective on shares of MRC Global and gave the stock a “buy” rating in a research report on Friday, January 12th. Zacks Investment Research cut shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Robert W. Baird restated a “hold” rating and issued a $21.00 price objective on shares of MRC Global in a research report on Monday, October 9th. Finally, Cowen set a $24.00 price objective on shares of MRC Global and gave the stock a “buy” rating in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $20.67.

MRC Global (NYSE MRC) traded down $0.16 during mid-day trading on Thursday, hitting $18.50. 493,313 shares of the company traded hands, compared to its average volume of 556,867. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 2.31. The company has a market capitalization of $1,750.00, a PE ratio of -66.07, a price-to-earnings-growth ratio of 2.06 and a beta of 1.60. MRC Global has a one year low of $14.01 and a one year high of $22.26.

MRC Global declared that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other MRC Global news, CEO Andrew R. Lane sold 293,154 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $19.00, for a total transaction of $5,569,926.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Lane sold 180,621 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $19.00, for a total transaction of $3,431,799.00. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MRC. Citadel Advisors LLC boosted its stake in shares of MRC Global by 334.1% during the second quarter. Citadel Advisors LLC now owns 1,913,550 shares of the oil and gas company’s stock valued at $31,612,000 after purchasing an additional 1,472,693 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of MRC Global during the second quarter valued at approximately $17,961,000. BlackRock Inc. boosted its stake in shares of MRC Global by 8.9% during the second quarter. BlackRock Inc. now owns 7,758,258 shares of the oil and gas company’s stock valued at $128,164,000 after purchasing an additional 632,231 shares during the period. Koch Industries Inc. purchased a new stake in shares of MRC Global during the second quarter valued at approximately $238,000. Finally, UBS Oconnor LLC boosted its stake in shares of MRC Global by 23.6% during the second quarter. UBS Oconnor LLC now owns 1,174,667 shares of the oil and gas company’s stock valued at $19,405,000 after purchasing an additional 224,267 shares during the period. Institutional investors and hedge funds own 94.65% of the company’s stock.

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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.

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