MRC Global (NYSE:MRC) is set to release its earnings data after the market closes on Thursday, February 15th. Analysts expect MRC Global to post earnings of $0.04 per share for the quarter.
MRC Global (NYSE:MRC) opened at $16.56 on Thursday. MRC Global has a 12-month low of $14.01 and a 12-month high of $22.20. The firm has a market capitalization of $1,610.00, a PE ratio of -59.14, a P/E/G ratio of 1.78 and a beta of 1.55. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 2.31.
MRC Global declared that its board has authorized a stock buyback program 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 programs are usually a sign that the company’s management believes its stock is undervalued.
In other news, CEO Andrew R. Lane sold 180,621 shares of the firm’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $19.00, for a total value of $3,431,799.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Lane sold 293,154 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $19.00, for a total value of $5,569,926.00. The disclosure for this sale can be found here. Company insiders own 6.30% 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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