With 0.59 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $13.76 whereas the lowest price it dropped to was $13.37. The 52-week range on MRC shows that it touched its highest point at $14.91 and its lowest point at $9.77 during that stretch. It currently has a 1-year price target of $17.25. Beta for the stock currently stands at 1.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MRC was up-trending over the past week, with a rise of 1.33%, but this was up by 10.35% over a month. Three-month performance surged to 8.44% while six-month performance rose 2.84%. The stock gained 25.92% in the past year, while it has gained 24.89% so far this year. A look at the trailing 12-month EPS for MRC yields 0.87 with Next year EPS estimates of 1.03. For the next quarter, that number is 0.10. This implies an EPS growth rate of -28.54% for this year and 27.55% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.08%.
Float and Shares Shorts:
At present, 84.32 million MRC shares are outstanding with a float of 82.89 million shares on hand for trading. On 2024-10-31, short shares totaled 1.09 million, which was 128.0 higher than short shares on 1727654400. In addition to Mr. Robert James Saltiel Jr. as the firm’s President, CEO & Director, Mr. Daniel J. Churay J.D. serves as its Executive VP of Corporate Affairs, General Counsel & Corporate Secretary.
Institutional Ownership:
Through their ownership of 0.97391 of MRC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MRC reported revenue of $797000000.0 and operating income of $37000000.0. The EBITDA in the recently reported quarter was $47000000.0 and diluted EPS was $0.27.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MRC since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MRC analysts setting a high price target of 18.0 and a low target of 17.0, the average target price over the next 12 months is 17.25. Based on these targets, MRC could surge 30.91% to reach the target high and rise by 23.64% to reach the target low. Reaching the average price target will result in a growth of 25.45% from current levels.
Analysts have provided yearly estimates in a range of $0.84524 being high and $0.82916 being low. For MRC, this leads to a yearly average estimate of $0.835. The surprise factor in the prior quarter was $0.25. Based on analyst estimates, the high estimate for the next quarter is $0.26 and the low estimate is $0.2. The average estimate for the next quarter is thus $0.22.
