La catena delle opzioni mostra i dati chiave delle opzioni azionarie di MRC Global a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per MRC Global..

MRC Global (NYSE:MRC) Azioni, Catena delle Opzioni

MRC Global

MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

MRC Global Inc

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Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) with a Positive and raises the price target from $16 to $17.

News

Price Target

Analyst Ratings

Susquehanna Maintains Positive on MRC Global, Raises Price Target to $17

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Shares of industrial distribution companies are trading higher. Investors may be weighing the potential impact of Donald Trump's policies on the sector.

She succeeds Robert Wood, previous Chairman of the Board, who has retired from the board for personal reasons.&nbsp;

Management

MRC Global Names Deborah Adams As Its New Board Chair, Effective Immediately

MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. The company reported quarterly sales of $797.000 million which beat the analyst consensus estimate of $794.160 million by 0.36 percent. This is a 10.25 percent decrease over sales of $888.000 million the same period last year.

Earnings

Earnings Beats

MRC Global Q3 2024 Adj. EPS $0.22 Beats $0.20 Estimate, Sales $797.000M Beat $794.160M Estimate

Stifel analyst Nathan Jones maintains MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) with a Buy and raises the price target from $14 to $15.

Stifel Maintains Buy on MRC Global, Raises Price Target to $15

<div>The company expects Adjusted EBITDA of approximately&nbsp;$48&nbsp;million, or&nbsp;6.0%&nbsp;of sales.&nbsp;Cash flow from operations of approximately&nbsp;$95 million.</div>

Guidance

MRC Global Reports Q3 Preliminary Revenue Of $797M (Est $806.22M)

The company has agreed to repurchase all 363,000 shares of its&nbsp;6.50%&nbsp;Series&nbsp;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.
In order to finance the repurchase of the preferred stock, MRC Global is launching later today a&nbsp;$350 million&nbsp;Term Loan B financing with an expected term of seven years.&nbsp;
&nbsp;

Buybacks

MRC Global Agrees To Repurchase Preferred Stock, Launches $350M Term Loan B Financing To Fund Repurchase

Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) with a Positive and maintains $16 price target.

Susquehanna Maintains Positive on MRC Global, Maintains $16 Price Target

MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) recently announced that its subsidiary, MRC Global (US) Inc., has secured a contract from ExxonMobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>). Per the deal, MRC Global to serve as the primary supplier of pipe, valves and fitting (PVF) products and services to ExxonMobil in North America. 
MRC Global&#39;s shares declined 2.1% yesterday, ending the trading session at $12.46. 
Based in Spring, TX, ExxonMobil is a leading explorer and producer of crude oil and natural gas in the United States and globally. The company operates its businesses under the four segments, which are Upstream, Energy Products, Chemical Products and Specialty Products.
<h3>Inside the Headlines</h3>
Per the deal, MRC will provide PVF products and related services across all of XOM&#39;s upstream and downstream facilities in North America. As noted, this will support ExxonMobil&#39;s global projects and maintenance, repair and operations. 
The deal will also enable XOM to streamline and boost its PVF supply chain in North America and leverage its scale across its booming business in the region.
<h3>Zacks Rank &amp; Price Performance</h3>
MRC Global, with a $1.1 billion market capitalization, currently carries a Zacks Rank #3 (Hold). The company is likely to benefit from strength in the DIET (Downstream, Industrial and Energy Transition) sector, driven by an increase in energy transition activities in the United States. Also, an increase in refining, chemical and mining customer projects bode well.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d6/68875.jpg?v=297257681" /> 
Image Source: Zacks Investment Research
The company&#39;s shares have gained 2.4% against the industry&#39;s 9.6% decline in the past three months. 
The Zacks Consensus Estimate for MRC&#39;s 2024 earnings per share is pegged at 95 cents, down 5% over the past 60 days. It has a trailing four-quarter average earnings surprise of 40.1%.
<h3>Key Picks</h3>
A couple of better-ranked companies from the same space are discussed below. 
Valmont Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vmi#NYSE">VMI</a>) presently sports a Zacks Rank of 1 (Strong Buy). 
It has a trailing four-quarter average earnings surprise of 13%. The consensus estimate for VMI&#39;s 2024 earnings has improved 6.9% in the past 60 days. 
Mueller Water Products (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) presently carries a Zacks Rank of 2 (Buy). MWA delivered a trailing four-quarter earnings surprise of 51.8%, on average. 
The Zacks Consensus Estimate for MWA&#39;s fiscal 2024 (ending September 2024) earnings has risen 14.5% in the past 60 days.
<a href="https://www.zacks.com/stock/news/2288518/mrc-global-mrc-gets-pvf-deal-from-exxonmobil-in-north-america?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2288518">To read this article on Zacks.com click here.</a>

Small Cap

Markets

Trading Ideas

MRC Global Gets PVF Deal From ExxonMobil in North America

The agreement includes all of ExxonMobil&#39;s North America upstream and downstream facilities for maintenance, repair and operations as well as project work.

Contracts

MRC Global Inks Agreement To Be The Primary Provider Of Pipe, Valves And Fitting Products And Services To ExxonMobil In North America; No Terms Dsiclosed

Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) with a Positive and raises the price target from $15 to $16.

Susquehanna Maintains Positive on MRC Global, Raises Price Target to $16

MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) reported quarterly earnings of $0.20 per share which beat the analyst consensus estimate of $0.14 by 42.86 percent. This is a 37.5 percent decrease over earnings of $0.32 per share from the same period last year. The company reported quarterly sales of $806.000 million which beat the analyst consensus estimate of $760.760 million by 5.95 percent. This is a 8.93 percent decrease over sales of $885.000 million the same period last year.

MRC Global Q1 2024 Adj EPS $0.20 Beats $0.14 Estimate, Sales $806.000M Beat $760.760M Estimate

Susquehanna analyst Charles Minervino maintains MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) with a Positive and raises the price target from $13 to $15.

Susquehanna Maintains Positive on MRC Global, Raises Price Target to $15

MRC Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) (&ldquo;MRC Global&rdquo; or the &ldquo;Company&rdquo;), the leading global distributor of pipe, valves and fittings (PVF) and other infrastructure products and services to diversified gas utility, energy and industrial end-markets, today announced that Daniel Silvers has been appointed to the Company&rsquo;s Board of Directors, effective immediately. Mr. Silvers will serve on the Board&rsquo;s Compensation and Environmental, Social, Governance and Enterprise Risk Committees.

Insider Trades

MRC Global Announced Agreement with Engine Capital; Daniel Silvers Named To Board Of Directors

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Shares of several companies in the broader industrial sector are trading higher amid a rebound. The sector fell yesterday after worse-than-expected January CPI data showed a greater-than-expected rise in inflation.

Shares of Sony Group Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) fell during Wednesday&rsquo;s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.
Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (&yen;3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65.
Sony revised its FY23 sales outlook to $86.62 billion (&yen;12.4 trillion), down from a prior forecast of &yen;12.3 trillion versus the consensus of $87.32 billion.
Sony Group shares fell 6.3% to $89.86 on Wednesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Datasea Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) shares jumped 1,173% to $18.59. On Tuesday, Datasea posted a narrower second-quarter loss.</li>
<li>Earlyworks Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/elws#NASDAQ">ELWS</a>) surged 416% to $2.35 on two passive stakes.</li>
<li>enGene Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/engn#NASDAQ">ENGN</a>) jumped 95.5% to $14.90. The company&rsquo;s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a 31% premium over the previous day&rsquo;s closing price.</li>
<li>Cineverse Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnvs#NASDAQ">CNVS</a>) surged 92.9% to $2.9899. Cineverse announced forthcoming launch of AI-powered movie search platform cineSearch.</li>
<li>Cheche Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccg#NASDAQ">CCG</a>) gained 74.3% to $5.49.</li>
<li>MGO Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgol#NASDAQ">MGOL</a>) rose 66% to $0.6647.</li>
<li>Cogent Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cogt#NASDAQ">COGT</a>) surged 62.7% to $8.89.</li>
<li>Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iinn#NASDAQ">IINN</a>) gained 35% to $1.29 after the company announced it received the first ever U.S. Patent approval for an orbiting blood oxygenation delivery system, a core technology of the INSPIRA ART500 device.</li>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) shares gained 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company&rsquo;s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.</li>
<li>Healthcare Services Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcsg#NASDAQ">HCSG</a>) gained 25.7% to $11.90 following upbeat earnings.</li>
<li>Blink Charging Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blnk#NASDAQ">BLNK</a>) gained 24.2% to $3.3288. Blink Charging announced preliminary fourth-quarter revenue excess of $42 million.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) rose 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.</li>
<li>Clene Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clnn#NASDAQ">CLNN</a>) gained 22.9% to $0.52.</li>
<li>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) gained 22.2% to $2.97 following upbeat earnings.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) shares rose 20.5% to $8.35.</li>
<li>CEVA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceva#NASDAQ">CEVA</a>) gained 18.5% to $23.92 following upbeat earnings.</li>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gldd#NASDAQ">GLDD</a>) gained 17.1% to $9.47 following quarterly results.</li>
<li>Resideo Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rezi#NYSE">REZI</a>) rose 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) jumped 15.7% to $20.59 following better-than-expected quarterly results.</li>
<li>Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares gained 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) rose 13.5% to $24.32 following upbeat results.</li>
<li>Allison Transmission Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NASDAQ">ALSN</a>) gained 13% to $69.53 after the company reported better-than-expected quarterly financial results.</li>
<li>MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) rose 12.1% to $11.64 following upbeat earnings.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 11.5% to $156.50 amid strength in Bitcoin.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares rose 10.2% to $3.56 after dipping around 10% on Tuesday.</li>
<li>Tower Semiconductor Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsem#NASDAQ">TSEM</a>) gained 8.5% to $31.07 following strong results.</li>
<li>Sentage Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sntg#NASDAQ">SNTG</a>) shares jumped 8.4% to $2.46.</li>
<li>Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) gained 7.2% to $236.00 after the company reported better-than-expected fourth-quarter results and issued guidance above estimates.</li>
<li>VBI Vaccines Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vbiv#NASDAQ">VBIV</a>) shares surged 5.2% to $0.6941. Brii Biosciences agreed to acquire VBI&#39;s IP rights in BRII-179 (VBI-2601) and plans to initiate technology transfer to expand clinical and commercial supplies.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Azitra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aztr#NYSE">AZTR</a>) shares fell 69.5% to $0.2653. Azitra priced its $5 million public offering of 16.667 million common shares at $0.30 per share.</li>
<li>Ohmyhome Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/omh#NASDAQ">OMH</a>) fell 40.7% to $1.3397 after the company priced its upsized $4.8 million public offering of 3,555,555 ordinary shares at $1.35 per share.</li>
<li>QuidelOrtho Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qdel#NASDAQ">QDEL</a>) fell 34.9% to $43.49 after the company reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS below estimates.</li>
<li>BioNexus Gene Lab Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bglc#NASDAQ">BGLC</a>) shares fell 34.4% to $1.03 after jumping 282% on Tuesday.</li>
<li>Sunworks, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sunw#NASDAQ">SUNW</a>) fell 34.3% to $0.0662.</li>
<li>Enviva Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eva#NYSE">EVA</a>) fell 33.2% to $0.2977. Enviva is preparing to file for bankruptcy within days, the Wall Street Journal reported.</li>
<li>EpicQuest Education Group International Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/eeiq#NASDAQ">EEIQ</a>) fell 27.5% to $1.16.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) shares declined 21.6% to $1.5338 after surging over 55% on Tuesday. Goldman Sachs reported a 7.2% passive stake in Nukkleus as of Dec. 29, 2023.</li>
<li>Upstart Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upst#NASDAQ">UPST</a>) fell 20.5% to $26.19 after the company issued first-quarter revenue guidance below estimates.</li>
<li>Esports Entertainment Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gmbl#NASDAQ">GMBL</a>) shares fell 20% to $1.48. Esports Entertainment Group announced voluntary delisting from the Nasdaq and transfer to the OTCQB Venture Market.</li>
<li>Qurate Retail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrteb#NASDAQ">QRTEB</a>) declined 18.4% to $4.69.</li>
<li>CAE Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cae#NYSE">CAE</a>) fell 12.2% to $18.36 after the company reported worse-than-expected quarterly financial results.</li>
<li>The Chemours Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cc#NYSE">CC</a>) dipped 10.5% to $27.29.</li>
<li>Vroom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrm#NASDAQ">VRM</a>) fell 10.5% to $13.71.</li>
<li>Maplebear Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cart#NASDAQ">CART</a>) fell 7.8% to $25.67 following quarterly results.</li>
<li>MGM Resorts International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) shares declined 7.4% to $42.29 after the company reported fourth-quarter financial results.</li>
<li>Akamai Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akam#NASDAQ">AKAM</a>) fell 7.3% to $115.89 after the company reported mixed quarterly financial results.</li>
<li>The Kraft Heinz Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/khc#NASDAQ">KHC</a>) declined 5.5% to $34.13 after the company reported mixed quarterly financial results.</li>
<li>Airbnb, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>) shares declined 5% to $143.25 after the company reported fourth-quarter financial results.</li>
</ul>
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Why Sony Shares Are Trading Lower By Around 6%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Stephens &amp; Co. analyst Tommy Moll reiterates MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) with a Overweight and maintains $17 price target.

Reiteration

Stephens & Co. Reiterates Overweight on MRC Global, Maintains $17 Price Target

U.S. stocks were higher, with the Dow Jones index gaining more than 100 points on Wednesday.
Shares of Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) rose sharply during Wednesday&rsquo;s session after the company reported better-than-expected fourth-quarter results and issued <a href="https://www.benzinga.com/quote/CRL/earnings">guidance above estimates</a>.
Charles River posted adjusted earnings of $2.46 per share, beating market estimates of $2.40 per share. The company&rsquo;s quarterly sales came in at $1.01 billion versus expectations of $991.25 million.
Charles River Laboratories International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crl#NYSE">CRL</a>) rose 7.2% to $236.00 on Wednesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Lyft, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyft#NASDAQ">LYFT</a>) shares rose 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 billion, up 17% year-over-year. The company&rsquo;s CFO, Erin Brewer, said the adjusted EBITDA margin is projected to expand 50 basis points in 2024.</li>
<li>Healthcare Services Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcsg#NASDAQ">HCSG</a>) rose 25.7% to $11.90 following upbeat earnings.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrmr#NASDAQ">LRMR</a>) surged 23.9% to $10.83. Larimar Therapeutics has priced the public offering of 17.16 million shares at $8.74 per share for gross proceeds of approximately $150 million.</li>
<li>Angi Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/angi#NASDAQ">ANGI</a>) climbed 22.2% to $2.97 following upbeat earnings.</li>
<li>CEVA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceva#NASDAQ">CEVA</a>) climbed 18.5% to $23.92 following upbeat earnings.</li>
<li>Great Lakes Dredge &amp; Dock Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gldd#NASDAQ">GLDD</a>) rose 17.1% to $9.47 following quarterly results.</li>
<li>Resideo Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rezi#NYSE">REZI</a>) jumped 16.7% to $19.94 after the company reported better-than-expected quarterly financial results.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ktos#NASDAQ">KTOS</a>) rose 15.7% to $20.59 following better-than-expected quarterly results.</li>
<li>Robinhood Markets, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) shares climbed 14.7% to $13.58 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) rose 13.8% to $18.08 amid strength in Bitcoin.</li>
<li>United Fire Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ufcs#NASDAQ">UFCS</a>) gained 13.5% to $24.32 following upbeat results.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>) jumped 13.3% to $29.13 amid strength in Bitcoin.</li>
<li>Allison Transmission Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alsn#NASDAQ">ALSN</a>) climbed 13% to $69.53 after the company reported better-than-expected quarterly financial results.</li>
<li>MRC Global Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrc#NYSE">MRC</a>) gained 12.1% to $11.64 following upbeat earnings.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) rose 11.5% to $156.50 amid strength in Bitcoin.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) gained 11.4% to $881.36.</li>
<li>Uber Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) gained 11.2% to $76.72 after the company announced an inaugural $7 billion share repurchase authorization.</li>
<li>Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) rose 10% to $16.98 amid strength in Bitcoin.</li>
<li>IQVIA Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iqv#NYSE">IQV</a>) gained 9.7% to $236.20 following upbeat results.</li>
<li>Zillow Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/z#NASDAQ">Z</a>) gained 9.6% to $59.06 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>WESCO International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wcc#NYSE">WCC</a>) gained 9.6% to $145.32.</li>
<li>Tower Semiconductor Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsem#NASDAQ">TSEM</a>) climbed 8.5% to $31.07 following strong results.</li>
<li>Mercury General Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcy#NYSE">MCY</a>) gained 6.6% to $43.02 following strong results.</li>
<li>DaVita Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dva#NYSE">DVA</a>) gained 6.4% to $120.91 following upbeat results.</li>
<li>IAC Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>) rose 4.9% to $53.70 following upbeat earnings.</li>
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Now Read This: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37126344/bitcoin-surpasses-51-000-stacks-emerges-as-top-gainer"> Bitcoin Surpasses $51,000; Stacks Emerges As Top Gainer</a>

CLSK

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UBER

Charles River Laboratories International Posts Upbeat Results, Joins Robinhood, Zillow, Tower Semiconductor And Other Big Stocks Moving Higher On Wednesday

MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) reported its Q4 earnings results on Tuesday, February 13, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
MRC Global beat estimated earnings by 91.67%, reporting an EPS of $0.23 versus an estimate of $0.12.
Revenue was down $101.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.04 which was followed by a 2.62% drop in the share price the next day.
Here's a look at MRC Global's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.36</td>
<td>0.31</td>
<td>0.28</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.32</td>
<td>0.25</td>
<td>0.32</td>
<td>0.32</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>942.40M</td>
<td>910.15M</td>
<td>855.20M</td>
<td>872.20M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>888.00M</td>
<td>871.00M</td>
<td>885.00M</td>
<td>869.00M</td>
</tr>
</tbody>
</table>

To track all earnings releases for MRC Global <a href="https://www.benzinga.com/quote/MRC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MRC Global: Q4 Earnings Insights

MRC Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRC#NYSE">MRC</a>) reported quarterly earnings of $0.23 per share which beat the analyst consensus estimate of $0.12 by 91.67 percent. The company reported quarterly sales of $768.00 million which missed the analyst consensus estimate of $811.22 million by 5.33 percent. This is a 11.62 percent decrease over sales of $869.00 million the same period last year.

Earnings Misses

MRC Global Q4 2023 Adj EPS $0.23 Beats $0.12 Estimate, Sales $768.00M Miss $811.22M Estimate

Alluvial Capital Management Q3 2024 Letter To Partners

Graphite Miners News For The Month Of October 2024

With rising oil prices and a positive outlook from key industry organizations, the energy sector is poised for significant growth in the future. Therefore, investors would be wise to add fundamentally strong and undervalued energy stocks, Energy Transfer (ET), DNOW (DNOW), and MRC Global (MRC), to their portfolio, as these companies are primed for a breakout. Read on… As the conflict in the Middle East intensifies, rising oil prices have drawn significant interest from investors in the energy sector. Oil prices <a href="https://www.bbc.com/news/articles/cgry10924jqo">surged nearly 10%</a> at the start of the month, reaching around $78 per barrel. Despite rumors of supply chain disruptions, the energy sector remains optimistic about its future.
Amid this, Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>), and MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>) are three undervalued energy stocks that seem ready for a breakout. Their strong fundamentals, coupled with the rising demand for energy, make them attractive investment opportunities in the current market landscape.
The ongoing altercation between Hamas and Israel has heightened concerns about supply chain interruptions. However, the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) remain confident.
OPEC forecasts global energy demand to <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">grow by 24%</a> between 2024 and 2050. It also expects robust medium-term growth in oil demand, predicting it will reach 112.3 million barrels per day by 2029.
The IEA, similarly, anticipates a global demand for natural gas to <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">rise of more than 2.5%</a> in 2024, with similar growth projected for 2025. In line with this, King's Research estimates the global oil and gas market to reach $8.92 trillion by 2031, at <a href="https://www.kingsresearch.com/oil-and-gas-market-177">a CAGR of 3.7%</a> from 2024 to 2031.
The optimistic outlook reinforces the potential of energy stocks, even amid geopolitical tensions. Keeping these trends in mind, let us delve into the fundamentals of three energy stocks that are currently trading at a discount, beginning with #3.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET operates natural gas transportation pipelines and storage facilities in Texas and Oklahoma, managing around 20,090 miles of interstate pipelines. The company's strategic network extends across 44 states, connecting key assets in U.S. production basins.
On July 16, ET <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-and-sunoco-announce-strategic-permian-basin">announced a joint venture</a> with Sunoco LP (<a href="https://stocknews.com/stock/SUN/">SUN</a>), combining their crude oil and produced water-gathering assets in the Permian Basin. ET holds 67.5% interest, giving it control over more than 5,000 miles of pipelines and 11 million barrels of crude oil storage capacity.
The joint venture could strengthen ET's infrastructure in a key production area, enhancing its ability to meet increasing demand for energy transportation. By leveraging SUN's assets, ET expands its operational scale, positioning itself for long-term growth and increased revenue opportunities through efficient resource management.
On July 15, ET completed <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-completes-acquisition-wtg-midstream">the $2.28 billion acquisition</a> of WTG Midstream. The transaction added 6,000 miles of gas-gathering pipelines and eight processing plants to ET's network in the Permian Basin, further increasing its market presence in this critical region.
In terms of forward non-GAAP PEG, ET is trading at 0.83x, 47.8% lower than the industry average of 1.59x. Likewise, the stock's forward EV/Sales and forward Price/Sales multiples of 1.49 and 0.65 are 23.8% and 56% lower than their respective industry averages of 1.95x and 1.47x.
For the fiscal second quarter that ended June 30, 2024, ET's revenues increased 13.1% year-over-year to $20.73 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 25.2% from the year-ago value to $2.30 billion. Additionally, ET's net income came in at $1.99 billion or $0.35, per share, increasing 61.6% and 40% year-over-year.
Analysts expect ET's revenue for the fiscal third quarter ending September 2024 to increase 4.1% year-over-year to $21.59 billion. Its EPS for the ongoing quarter is expected to grow 130.9% from the previous year's period to $0.35.
Shares of ET have surged 3.5% over the past six months and 17% over the past year to close the last trading session at $16.38.
ET's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
ET has an A grade for Growth and a B for Value and Momentum. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, it is ranked #2 out of 76 stocks.
To see ET's ratings for Stability, Sentiment, and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
Stock #2: DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>)
DNOW is a supplier of energy and industrial products, as well as packaged, engineered process and production equipment. It also provides supply chain solutions, combined with its DigitalNOW suite, offering technology for digital commerce, data, and information management to enhance operational efficiency and streamline business processes.
On March 12, DNOW announced <a href="https://ir.dnow.com/news-releases/news-release-details/dnow-completes-acquisition-whitco-supply">the all-cash acquisition</a> of Whitco Supply, LLC, an energy products and solutions company. The move is expected to strengthen DNOW's position in midstream, E&amp;P, and adjacent markets, aligning with its growth strategy and enhancing its capabilities in key industry sectors.
In terms of forward non-GAAP P/E, DNOW is trading at 13.97x, which is 32.1% lower than the industry average of 20.57x. The stock's forward Price/Sales ratio of 0.54x is 64.9% below the industry average of 1.53x. Also, its forward EV/EBITDA multiple of 6.68 is 43.9% lower compared to the industry average of 11.91x.
DNOW's revenue for the fiscal second quarter that ended on June 30, 2024, increased 6.6% year-over-year to $633 million. Its EBITDA, excluding other costs, grew 6.4% from the year-ago value to $50 million. Plus, the company's non-GAAP net income came in at $28 million, rising 3.7% year-over-year, with its non-GAAP EPS coming in at $0.25.
Street expects DNOW's revenue and EPS for the fiscal year ending December 2025 to increase 1.8% and 2.6% year-over-year to $2.43 billion and $0.89, respectively. Moreover, the company surpassed the consensus EPS estimates in three of its trailing four quarters.
DNOW's shares have surged 22.6% over the past nine months to close the last trading session at $12.08.
DNOW's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry, it is ranked #6 out of 50 stocks.
<a href="https://stocknews.com/stock/DNOW/">Click here</a> to see DNOW's ratings for Growth, Momentum, Stability, and Sentiment.
Stock #1: MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>)
MRC is a global distributor of pipe, valves, fittings (PVF), and infrastructure products to various end markets. It offers supply chain solutions, technical product services, and a digital platform for global customers. With over 8,500 suppliers, the company provides services like product testing, volume purchasing, technical support, and others.
On June 13, MRC announced that its subsidiary, MRC Global (US) Inc., <a href="https://investor.mrcglobal.com/news-releases/news-release-details/mrc-global-selected-primary-provider-pipe-valves-and-fittings">signed an agreement</a> with ExxonMobil in North America. Under the agreement, MRC Global will serve as the primary provider of pipe, valves, and fittings (PVF) products and services for ExxonMobil.
The agreement could boost MRC's revenue streams, increase its market share, and enhance its influence within the energy industry, driving future growth and expansion opportunities.
In terms of forward non-GAAP P/E, MRC is trading at 14.45x, 29.8% lower than the industry average of 20.57x. Moreover, its forward EV/Sales multiple of 0.54 is 72.3% lower than the industry average of 1.94x. Additionally, its forward Price/Sales of 0.33x is 78.5% lower than the industry average of 1.53x.
For the fiscal second quarter that ended June 30, 2024, MRC's sales were reported to be $831 million. Its adjusted EBITDA increased 3.2% year-over-year to $65 million. Moreover, the company's adjusted net income was reported to be $27 million or $0.31 per share, showing a rise of 22.7% and 19.2% from the prior year's quarter, respectively.
The consensus revenue estimate of $3.35 billion for the fiscal year ending December 2025 reflects a year-over-year rise of 4%. Its EPS for the same period is expected to increase 37.7% from the prior year to $1.19. Also, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
MRC's stock has surged 5.4% over the past six months and 21.6% over the past year to close the last trading session at $12.46.
MRC's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
MRC has an A grade for Value. Out of 50 stocks within the same industry, MRC is ranked #3.
To see the stock's ratings for Growth, Sentiment, Momentum, Stability, and Quality, <a href="https://stocknews.com/stock/MRC/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
ET shares fell $0.01 (-0.06%) in premarket trading Wednesday. Year-to-date, ET has gained 26.27%, versus a 23.88% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/et-dnow-mrc-sun-3-undervalued-energy-stocks-ready-for-a-breakout/>3 Undervalued Energy Stocks Ready for a Breakout</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Undervalued Energy Stocks Ready for a Breakout

MRC Global Non-GAAP EPS of $0.22 beats by $0.03, revenue of $797M in-line

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MRC Global ( ($MRC) ) has shared an announcement. MRC Global presents an appealing investment opportunity with its strong balance sheet, sustainabl...

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