MRC Global (NYSE:MRC) Issues Quarterly Earnings Results

MRC Global (NYSE:MRCGet Free Report) released its quarterly earnings data on Friday. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08, reports. The firm had revenue of $736.80 million for the quarter, compared to analyst estimates of $726.90 million. MRC Global had a net margin of 3.09% and a return on equity of 19.58%. The company’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS.

MRC Global Stock Up 1.4 %

MRC stock traded up $0.16 during trading hours on Friday, hitting $11.27. The company’s stock had a trading volume of 1,032,691 shares, compared to its average volume of 562,626. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $960.69 million, a PE ratio of 12.95 and a beta of 1.96. MRC Global has a 12 month low of $9.41 and a 12 month high of $15.41. The stock has a 50 day moving average price of $13.23 and a two-hundred day moving average price of $13.03.

MRC Global announced that its board has approved a stock buyback program on Friday, January 3rd that allows the company to repurchase $125.00 million in shares. This repurchase authorization allows the oil and gas company to purchase up to 11% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

About MRC Global

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MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.

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Earnings History for MRC Global (NYSE:MRC)

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