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MRC Global (MRC) Stock

Profile

Sector:

Energy

Country:

United States

IPO:

12 April 2012

Indexes:

Not included

Description:

MRC Global Inc. is one of the largest distributors of pipes, valves, fittings, as well as other products and services for the oil and gas industry. The company was founded in 1921 in Houston, Texas, USA. MRC Global Inc provides customers worldwide with innovative supply chain solutions and technical expertise in the following sectors: - Gas utilities (storage and distribution of natural gas); - Crude oil processing, petrochemical and chemical processing; - Exploration and production (exploration, extraction of underground oil and gas deposits); - Midstream pipeline (collection, processing, and transportation of oil and gas).

Events Calendar

Earnings

Next earnings date:

Feb 11, 2025

Recent quarterly earnings:

Nov 05, 2024

Recent annual earnings:

Feb 13, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

N/A
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

07 Nov '24 Susquehanna
Positive
15 Oct '24 Stifel
Buy
26 June '24 Susquehanna
Positive
10 May '24 Susquehanna
Positive
08 Apr '24 Susquehanna
Positive
14 Feb '24 Stephens & Co.
Overweight
09 Nov '23 Susquehanna
Positive
03 Oct '23 Loop Capital
Buy
08 Aug '23 Stephens & Co.
Overweight
10 May '23 Susquehanna
Positive

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Institutional Ownership

MRC Global Authorizes $125M Worth of Share Buyback Program
MRC Global Authorizes $125M Worth of Share Buyback Program
MRC Global Authorizes $125M Worth of Share Buyback Program
MRC
zacks.com06 January 2025

MRC rewards shareholders with a share buyback program worth $125 million.

MRC Global Announces $125 Million Share Repurchase Program
MRC Global Announces $125 Million Share Repurchase Program
MRC Global Announces $125 Million Share Repurchase Program
MRC
globenewswire.com03 January 2025

HOUSTON, Jan. 03, 2025 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that its Board of Directors authorized a new $125 million share repurchase program, which expires on January 2, 2028. Under the repurchase program, the Company may purchase its outstanding common shares through various means, including open market transactions, block purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

MRC Global Announces Divestiture of Canada Business to Emco
MRC Global Announces Divestiture of Canada Business to Emco
MRC Global Announces Divestiture of Canada Business to Emco
MRC
zacks.com18 December 2024

MRC inks a deal to sell its Canada business to Emco to focus on the core businesses while supporting capital allocation priorities.

MRC Global Announces Sale of Canada Business
MRC Global Announces Sale of Canada Business
MRC Global Announces Sale of Canada Business
MRC
globenewswire.com16 December 2024

HOUSTON, Dec. 16, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), announced today that its subsidiary, MRC Global (Canada) ULC, has entered into a definitive agreement to sell its Canada operations to Emco Corporation.

MRC Global's Q3 Earnings Surpass Estimates, Revenues Down Y/Y
MRC Global's Q3 Earnings Surpass Estimates, Revenues Down Y/Y
MRC Global's Q3 Earnings Surpass Estimates, Revenues Down Y/Y
MRC
zacks.com06 November 2024

MRC's third-quarter 2024 revenues decrease 10.3% year over year due to the lower volume of sales in the Gas Utilities, DIET and PTI sectors.

MRC Global (MRC) Q3 Earnings and Revenues Surpass Estimates
MRC Global (MRC) Q3 Earnings and Revenues Surpass Estimates
MRC Global (MRC) Q3 Earnings and Revenues Surpass Estimates
MRC
zacks.com05 November 2024

MRC Global (MRC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.32 per share a year ago.

MRC Global Announces New Board Chair
MRC Global Announces New Board Chair
MRC Global Announces New Board Chair
MRC
globenewswire.com05 November 2024

HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that its board of directors has elected Deborah G. (Debbie) Adams as its new Board Chair, effective immediately.

MRC Global Announces Third Quarter 2024 Results
MRC Global Announces Third Quarter 2024 Results
MRC Global Announces Third Quarter 2024 Results
MRC
globenewswire.com05 November 2024

HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) today announced third quarter 2024 results. Net income attributable to common stockholders for the third quarter of 2024 was $23 million, or $0.27 per diluted share, and was $29 million, or $0.33 per diluted share for the third quarter of 2023.

MRC Global Announces Moody's Upgrade in Credit Rating To ‘B1' from ‘B2', Outlook Stable
MRC Global Announces Moody's Upgrade in Credit Rating To ‘B1' from ‘B2', Outlook Stable
MRC Global Announces Moody's Upgrade in Credit Rating To ‘B1' from ‘B2', Outlook Stable
MRC
globenewswire.com15 October 2024

HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC), today announced that Moody's Ratings (“Moody's”) upgraded the company's corporate family rating to ‘B1' from ‘B2' with a stable outlook. Also, in conjunction with the company's issuance of a new Term Loan B, Moody's upgraded the rating of the anticipated Term Loan B to a ‘B2', a level higher than the company's previous term loan.

MRC Global Announces Actions to Strengthen Its Capital Structure
MRC Global Announces Actions to Strengthen Its Capital Structure
MRC Global Announces Actions to Strengthen Its Capital Structure
MRC
globenewswire.com15 October 2024

Agrees to Repurchase Preferred Stock Launches Term Loan B Financing to Fund Repurchase Pursues Amendment to ABL Facility to Extend Maturity Provides Preliminary Third Quarter 2024 Financial Results HOUSTON, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MRC Global Inc. (NYSE: MRC) announced today that it has agreed to repurchase all 363,000 shares of its 6.50% Series A Convertible Perpetual Preferred Stock as part of an agreement with Mario Investments, LLC, the holder of the preferred stock, which is contingent upon, among other things, the completion of a successful term loan financing. Upon satisfaction of the required conditions in the repurchase agreement, the company will repurchase the preferred stock for a total payment of approximately $361 million, representing 99.5% of the liquidation preference of the preferred stock.

FAQ

  • What is the primary business of MRC Global?
  • What is the ticker symbol for MRC Global?
  • Does MRC Global pay dividends?
  • What sector is MRC Global in?
  • What industry is MRC Global in?
  • What country is MRC Global based in?
  • When did MRC Global go public?
  • Is MRC Global in the S&P 500?
  • Is MRC Global in the NASDAQ 100?
  • Is MRC Global in the Dow Jones?
  • When was MRC Global's last earnings report?
  • When does MRC Global report earnings?
  • Should I buy MRC Global stock now?

What is the primary business of MRC Global?

MRC Global Inc. is one of the largest distributors of pipes, valves, fittings, as well as other products and services for the oil and gas industry. The company was founded in 1921 in Houston, Texas, USA. MRC Global Inc provides customers worldwide with innovative supply chain solutions and technical expertise in the following sectors: - Gas utilities (storage and distribution of natural gas); - Crude oil processing, petrochemical and chemical processing; - Exploration and production (exploration, extraction of underground oil and gas deposits); - Midstream pipeline (collection, processing, and transportation of oil and gas).

What is the ticker symbol for MRC Global?

The ticker symbol for MRC Global is NYSE:MRC

Does MRC Global pay dividends?

No, MRC Global does not pay dividends

What sector is MRC Global in?

MRC Global is in the Energy sector

What industry is MRC Global in?

MRC Global is in the Oil & Gas Equipment & Services industry

What country is MRC Global based in?

MRC Global is headquartered in United States

When did MRC Global go public?

MRC Global's initial public offering (IPO) was on 12 April 2012

Is MRC Global in the S&P 500?

No, MRC Global is not included in the S&P 500 index

Is MRC Global in the NASDAQ 100?

No, MRC Global is not included in the NASDAQ 100 index

Is MRC Global in the Dow Jones?

No, MRC Global is not included in the Dow Jones index

When was MRC Global's last earnings report?

MRC Global's most recent earnings report was on 5 November 2024

When does MRC Global report earnings?

The next expected earnings date for MRC Global is 11 February 2025

Should I buy MRC Global stock now?

As of today, analysts generally recommend a 'Strong buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions