MRC Global Inc. (MRC) – A Trader’s Perspective

CHURAY DANIEL J, EVP-Corp Affrs, GC & Corp Sec., subtracted 24,000 shares of MRC Global Inc. (MRC) from its portfolio at the rate of $16.50 per share valuing $396,000 on May 09. The insider left behind 53,641 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of MRC Global Inc. (MRC) was $13.92. Currently, the 1st Resistance Point for this stock is $14.08, with a 2nd Resistance Point sitting at $14.23. Meanwhile, this company’s stock has a 1st Support Level at $13.62 and a 2nd Support Level at $13.31. MRC Global Inc. (MRC) stock has lost -$0.05, or -0.36%, in the past five days. In the last full month, these shares have lost -$2.93, or -17.39%. In the past three months, this stock’s price has fallen by -$2.61, or -15.79%. This year-to-date, MRC Global Inc. (MRC) shares have gained $1.69, or 13.82%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For MRC Global Inc. (MRC) stock, 100% of short-term indicators suggest that these shares are a “ Sell .” Meanwhile, 100% of medium-term indicators point to this stock being a “ Sell .”

With 83,141 K shares outstanding, this company currently has a market capitalization of $1,135,706K. MRC Global Inc. (MRC) generates $4,172 M in annual sales, amounting to annual net income of $74,000 K. This stock has generated a 1-Year Total Return of -32.53%, a 3-Year Total Return of -8.66%, and a 5-year Total Return of -43.92%. This stock’s 5-Year Dividend Growth is 0.00%. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

In the most recently-reported fiscal quarter, which ended in Mar-19, MRC Global Inc. (MRC) reported earnings of $0.14 per share. Wall Street analysts, on average, were expecting the company to report earnings of $0.07 per share, representing a 0.07 difference and 104.08% surprise. In the previous quarter ending in Dec-18, the reported earnings of $0.07 represented a -0.03 difference from the consensus estimate calling for $0.10 per share, which was a 30.21% surprise.

For the current fiscal quarter, which is set to end in 09/2019, the average earnings estimate is $0.25 per share. This estimate came from a total of 9 Wall Street Analysts. Of those market experts, the high estimate was $0.30 and the low estimate was $0.20. In the year-ago quarter, MRC Global Inc. (MRC) generated per-share earnings of $0.20. If the analysts are correct about the current quarter’s earnings, the growth will be +25.00%.

Turning our focus now to insider trading activity, there have been 0 purchases (0 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 18 insider buys amounting to 383,676 shares and 26 insider sales amounting to 276,469 shares. In the past full year, 29 insider purchases were made (involving 642,505 shares) and 48 insider sell-offs equivalent to 311,596 shares.

Moving onto liquidity, MRC Global Inc. (MRC) has a Current Ratio of 2.57, a Quick Ratio of 1.17 and a Cash Ratio of 0.08. Looking at this company’s capital structure, its Total Debt to Total Equity is 65.33, its Total Debt to Total Capital is 39.51, and its Total Debt to Total Assets is now 28.10. Looking even further ahead into the future, its Long-Term Debt to Equity is 98.27 and its Long-Term Debt to Total Capital is 39.28.