News headlines about MRC Global (NYSE:MRC) have trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog 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 media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.2793415219275 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Global Multiplex Assays Market Analysis and Forecast 2023 (menafn.com)
- Global Deep Packet Inspection (DPI) Market Trends, Challenges and Growth Drivers Analysis 2023 – (mynewsdesk.com)
- Global Organ Preservation Market Analysis and Forecast 2023 by Size, Share and Growth Rate (menafn.com)
- Digital viewability standard will move to 100% pixels in 2018 – MRC (adnews.com.au)
- Global Encryption Software Market Analysis, Size, Share, Trends and Forecast by 2023 (menafn.com)
Shares of MRC Global stock opened at $16.42 on Friday. The company has a market capitalization of $1,499.93, a P/E ratio of 60.81, a P/E/G ratio of 1.53 and a beta of 1.56. MRC Global has a 12-month low of $14.01 and a 12-month high of $20.77. The company has a current ratio of 2.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69.
A number of brokerages have recently issued reports on MRC. Zacks Investment Research cut MRC Global from a “hold” rating to a “strong sell” rating in a report on Monday, January 8th. Susquehanna Bancshares set a $21.00 price target on MRC Global and gave the stock a “buy” rating in a research report on Friday, January 12th. Alembic Global Advisors restated a “buy” rating on shares of MRC Global in a research report on Tuesday, February 20th. Stifel Nicolaus restated a “buy” rating and set a $22.00 price target (up from $18.00) on shares of MRC Global in a research report on Tuesday, January 16th. Finally, ValuEngine lowered MRC Global from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $20.56.
In other MRC Global news, CEO Andrew R. Lane sold 293,154 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.00, for a total value of $5,569,926.00. The sale was disclosed in a document filed 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 on Friday, January 12th. The shares were sold at an average price of $19.00, for a total value of $3,431,799.00. The disclosure for this sale can be found here. Insiders sold a total of 476,775 shares of company stock worth $9,054,195 over the last quarter. Corporate insiders own 6.30% of the company’s stock.
MRC Global Company Profile
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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