Wall Street analysts expect MRC Global Inc (NYSE:MRC) to announce $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for MRC Global’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.29. MRC Global reported earnings of $0.20 per share in the same quarter last year, which indicates a negative year over year growth rate of 15%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, October 31st.

On average, analysts expect that MRC Global will report full-year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.49 to $0.85. For the next fiscal year, analysts forecast that the business will post earnings of $1.04 per share, with EPS estimates ranging from $0.71 to $1.90. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for MRC Global.

MRC Global (NYSE:MRC) last announced its quarterly earnings results on Thursday, August 1st. The oil and gas company reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $984.00 million for the quarter, compared to analysts’ expectations of $1.04 billion. MRC Global had a net margin of 1.88% and a return on equity of 11.23%. The company’s quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS.

Several equities research analysts have weighed in on MRC shares. ValuEngine cut shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. TheStreet raised shares of MRC Global from a “c” rating to a “b-” rating in a research report on Friday, August 2nd. Scotiabank cut shares of MRC Global from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $17.00 to $11.00 in a research report on Friday, September 6th. Raymond James set a $16.00 price target on shares of MRC Global and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Cowen cut shares of MRC Global from an “outperform” rating to a “market perform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.44.

Several large investors have recently bought and sold shares of the company. Clearbridge Investments LLC lifted its position in shares of MRC Global by 0.9% in the 1st quarter. Clearbridge Investments LLC now owns 4,296,419 shares of the oil and gas company’s stock worth $75,101,000 after purchasing an additional 37,979 shares during the period. Luminus Management LLC lifted its position in shares of MRC Global by 34.0% in the 2nd quarter. Luminus Management LLC now owns 2,496,541 shares of the oil and gas company’s stock worth $42,741,000 after purchasing an additional 632,920 shares during the period. JPMorgan Chase & Co. lifted its position in shares of MRC Global by 7.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,089,546 shares of the oil and gas company’s stock worth $35,481,000 after purchasing an additional 141,131 shares during the period. Wells Fargo & Company MN lifted its position in shares of MRC Global by 2.8% in the 2nd quarter. Wells Fargo & Company MN now owns 1,758,627 shares of the oil and gas company’s stock worth $30,108,000 after purchasing an additional 47,985 shares during the period. Finally, Northern Trust Corp lifted its position in shares of MRC Global by 1.0% in the 2nd quarter. Northern Trust Corp now owns 1,111,535 shares of the oil and gas company’s stock worth $19,030,000 after purchasing an additional 10,870 shares during the period. 95.53% of the stock is owned by hedge funds and other institutional investors.

MRC traded down $0.48 during trading on Friday, hitting $13.25. 656,019 shares of the stock traded hands, compared to its average volume of 918,695. The firm has a market capitalization of $1.09 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 0.94 and a beta of 2.09. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.62 and a quick ratio of 1.22. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $15.99. MRC Global has a 12-month low of $11.19 and a 12-month high of $19.88.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

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