MRC Global AnnouncesMoodys Upgrade in Credit Rating To B1 from B2, Outlook Stable

MRC Stock  USD 12.55  0.06  0.48%   
About 54% of MRC Global's investor base is interested to short. The analysis of overall sentiment of trading MRC Global stock suggests that many investors are impartial at this time. The current market sentiment, together with MRC Global's historical and current headlines, can help investors time the market. In addition, many technical investors use MRC Global stock news signals to limit their universe of possible portfolio assets.
  
HOUSTON, Oct. 15, 2024 -- MRC Global Inc. , today announced that Moodys Ratings upgraded the companys corporate family rating to B1 from B2 with a stable outlook. Also, in conjunction with the companys issuance of a new Term Loan B, Moodys upgraded the rating of the anticipated Term Loan B to a B2, a level higher than the companys previous term loan. Moodys based its ratings upgrade, in part, on the companys moderate leverage and ample interes

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MRC Global Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards MRC Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

MRC Global Fundamental Analysis

We analyze MRC Global's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of MRC Global using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of MRC Global based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Retained Earnings

Retained Earnings Comparative Analysis

MRC Global is currently under evaluation in retained earnings category among its peers. Retained Earnings is a balance sheet account that refers to the portion of company income that is retained by the firm. In other words, it is a part of earnings that is not paid out as dividends or otherwise distributed to owners. Retained Earnings are calculated by adding net income to last period retained earnings and subtracting any dividends paid to owners.

MRC Global Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MRC Global stock to make a market-neutral strategy. Peer analysis of MRC Global could also be used in its relative valuation, which is a method of valuing MRC Global by comparing valuation metrics with similar companies.

Peers

MRC Global Related Equities

GEOSGeospace Technologies   0.91   
0%
46.0%
OISOil States   0.44   
0%
22.0%
NOVNOV   0.07   
0%
3.0%
NGSNatural Gas   0.08   
4.0%
0%
WHDCactus   0.42   
21.0%
0%
EFXTEnerflex   0.43   
21.0%
0%
CHXChampionX   0.54   
27.0%
0%
NOANorth American   0.78   
39.0%
0%
XPROExpro Group   1.29   
65.0%
0%
RNGRRanger Energy   1.97   
100.0%
0%

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