MRC - MRC Global Inc.
| Previous Close | 16.00 |
| Open | 16.12 |
| Bid | 16.22 x 1800 |
| Ask | 16.25 x 800 |
| Day's Range | 16.13 - 16.32 |
| 52 Week Range | 11.62 - 22.98 |
| Volume | 23,266 |
| Avg. Volume | 872,262 |
| Market Cap | 1.347B |
| Beta (3Y Monthly) | 2.11 |
| PE Ratio (TTM) | 29.48 |
| EPS (TTM) | 0.55 |
| Earnings Date | Aug 1, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 19.92 |
- TipRanks•3 days ago
JP Morgan: Our 3 Top Energy Stock Picks Right Now
JP Morgan has just held its fourth annual Energy Conference in New York with ~140 energy companies participating. It hasn’t been an easy time for energy stocks recently, and the firm noted: “The conference boosted our confidence that the leading companies are taking the austerity mantle seriously.” Nonetheless, there are some gems to be found- if you know where to look.Luckily for investors, following the conference, the firm revealed its top energy stock picks to buy now. Here we take a closer look at three of the most intriguing stocks highlighted by the firm. Note that two of these stocks also boast a ‘Strong Buy’ consensus from the Street. That’s based on all the ratings received by these stocks over the last three months. TechnipFMC PLC (FTI)With operations spanning 48 countries, TechnipFMC is a global oil and gas company that provides complete project life cycle services. Essentially, FTI covers three distinct segments: subsea, offshore/ onshore and surface projects. After a disappointing 2018, shares have rallied so far this year- rewarding investors with a 27% gain year-to-date. According to JP Morgan “LNG [liquid natural gas] continues to look like the one proper cycle to which investors should have exposure, and though options in our coverage are limited, we came away from the conference with incremental confidence in our OW FTI call.” And as the firm added, it helps when a +$1bn award hits mid-event! On June 18 Anadarko Petroleum (APC) awarded Technip a number of subsea contracts for its Mozambique Golfinho/Atum development. This will be Mozambique’s first onshore LNG development, and FTI will now also open a new office in Mozambique to manage the operation. Indeed, the future appears bright for Technip stock. That's thanks to the company's unique integrated model. The company reduces costs for customers by optimizing subsea architecture and integrating execution (i.e. engineering, procurement, construction, and installation.)“E&P openness to new commercial models for offshore is accelerating, and FTI appears a primary beneficiary” says JP Morgan. “With BHGE highlighting its Subsea Connect and SLB doing the same for the Subsea Integrated Alliance, it’s clear to us the market is moving towards FTI’s integrated model.”Net-net, “TechnipFMC continues to stand out to us as the provider both growing the pie and taking a bigger slice” concludes the firm. Indeed, FTI boasts a ‘Strong Buy’ Street consensus, with 9 recent buy ratings vs just 1 hold rating. Meanwhile the $29 average analyst price target indicates upside potential of 19% from current levels. View FTI Price Target & Analyst Ratings Detail Halliburton (HAL)One of the world's largest oil field service companies, Halliburton sums up its operations as helping customers maximize value throughout the lifecycle of the reservoir. However, that strategy has not delivered much value for investors in recent years. Right now HAL is trading down 14% year-to-date, and that’s on the back of further losses in both 2017 and 2018.Not that this has deterred JP Morgan. The firm writes “Shares of HAL have come under fire (alongside the group) as buy side concerns grow regarding its ability to deliver on the Street’s 2H19 bar. After giving back -27% since 4/17, it appears to us much of the impact of a shortfall in 4Q19 C&P [completion and production] is already reflected in the stock.”And the firm reminds investors why Halliburton deserves a closer look: “We continue to view HAL as relatively unique among our large cap stocks for its potential to create a step-change in FCF generation in 2020 through modestly higher profitability and measured capital spending.” As a result, the firm reiterates its top pick status for HAL stock. That’s with a $34 price target (49% upside potential). In short, this is the largest and most liquid US completions-levered stock, and effectively the only remaining OFS (oilfield services) pure play large cap says JP Morgan. Clearly the rest of the Street agrees. We can see that HAL shows a ‘Strong Buy’ analyst consensus. In the last three months, the stock has received 6 buy ratings and just 1 hold rating. With shares down 50% in the last year, the average analyst price target now suggests upside potential of over 75%. View HAL Price Target & Analyst Ratings Detail MRC Global (MRC)Welcome to JP Morgan’s third top energy stock pick. If you haven’t heard of MRC Global before, this is a company that distributes pipe, valve and fitting (PVF), products to the energy and industrial markets. "The continued commitment to discipline on working capital management and buying back shares keep MRC standing out within our smid-caps" explained JP Morgan post-conference.Indeed, shares have performed strongly so far this year, recording an impressive 30% gain year-to-date. The company rallied following better-than-expected Q1 earnings. MRC revealed that it expects sales in Q2 to improve over Q1 by 6% to 9% and expects growth in the second half of the year as compared to the first half of the year.“As the leading distributor of PVF to the energy industry, we are well-positioned with our customers. We're typically the large players in each of our diversified end-market sectors. This diversification provides us with a certain level of stability, gives us more opportunities to grow and provide some resilience to the inherent market changes” says CEO Andrew Lane.However only two other analysts have recently published MRC ratings- and both these analysts rate the stock a ‘Hold.’ Stifel Nicolaus analyst Nathan Jones downgraded MRC a couple of months ago, citing valuation. Nonetheless his $20 price target still indicates 25% upside potential from the current share price. Find further investing inspiration with the Analysts' Top Stocks tool
- Markit•9 days ago
See what the IHS Markit Score report has to say about MRC Global Inc.
MRC Global Inc NYSE:MRCView full report here! Summary * Bearish sentiment is low and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for MRC with fewer than 5% of shares on loan. Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on June 13. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MRC had net inflows of $915 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers’ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- PR Newswire•20 days ago
MRC Global Announces 2019 Second Quarter Earnings Release and Conference Call Schedule
HOUSTON , June 6, 2019 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC) will release 2019 second quarter results on Thursday, August 1, 2019 after the market closes. In conjunction with the release, the Company ...
- Simply Wall St.•21 days ago
An Intrinsic Calculation For MRC Global Inc. (NYSE:MRC) Suggests It's 49% Undervalued
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of MRC Global Inc...
- Zacks•25 days ago
Why Is MRC (MRC) Down 6.7% Since Last Earnings Report?
MRC (MRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.•last month
Was MRC Global Inc.'s (NYSE:MRC) Earnings Growth Better Than The Industry's?
Assessing MRC Global Inc.'s (NYSE:MRC) past track record of performance is an insightful exercise for investors. It...
- Simply Wall St.•last month
What Kind Of Shareholders Own Mercator Medical S.A. (WSE:MRC)?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...
- Thomson Reuters StreetEvents•2 months ago
Edited Transcript of MRC earnings conference call or presentation 3-May-19 2:00pm GMT
Q1 2019 MRC Global Inc Earnings Call
Motley Fool•2 months agoMRC Global (MRC) Q1 2019 Earnings Call Transcript
MRC earnings call for the period ending March 31, 2019.
- Simply Wall St.•2 months ago
What Should You Know About MRC Global Inc.'s (NYSE:MRC) Earnings Trend?
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! MRC Global Inc.'s (NYSE:MRC) announced its latest earnings update in December 2018, which signal...
- Zacks•2 months ago
MRC Global (MRC) Tops Q1 Earnings Estimates, Lowers View
MRC Global's (MRC) first-quarter 2019 earnings beat estimates but decline year over year due to the weak midstream business. It lowers view for 2019.
- Zacks•2 months ago
MRC Global (MRC) Q1 Earnings and Revenues Top Estimates
MRC (MRC) delivered earnings and revenue surprises of 133.33% and 1.67%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•2 months ago
MRC: 1Q Earnings Snapshot
On a per-share basis, the Houston-based company said it had net income of 14 cents. The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research ...
- Insider Monkey•2 months ago
Did Hedge Funds Drop The Ball On MRC Global Inc (MRC) ?
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
- PR Newswire•2 months ago
MRC Global Announces First Quarter 2019 Results
Sales of $970 million Net income attributable to common stockholders of $12 million Diluted earnings per common share of $0.14 Adjusted EBITDA of $56 million HOUSTON , May 2, 2019 /PRNewswire/ -- MRC Global ...
- Zacks•2 months ago
Analysts Estimate MRC Global (MRC) to Report a Decline in Earnings: What to Look Out for
MRC (MRC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.•2 months ago
Who Has Been Selling MRC Global Inc. (NYSE:MRC) Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. So we'll take a look at...
- Simply Wall St.•3 months ago
Those Who Purchased MRC Global (NYSE:MRC) Shares Five Years Ago Have A 37% Loss To Show For It
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! MRC Global Inc. (NYSE:MRC) shareholders will doubtless be very gratefulRead More...
- Zacks•3 months ago
MRC (MRC) Up 4.6% Since Last Earnings Report: Can It Continue?
MRC (MRC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Simply Wall St.•4 months ago
What You Must Know About MRC Global Inc.’s (NYSE:MRC) Beta Value
If you're interested in MRC Global Inc. (NYSE:MRC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock couldRead More...
