MRC Global Announces Second Quarter 2020 Results

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MRC Global (MRC) PT Raised to $7.50 at Cowen

July 30, 2020 7:14 AM EDT

Cowen analyst Jonathan Hunter raised the price target on MRC Global (NYSE: MRC) to $7.50 (from $6.50) while maintaining a Market Perform rating.

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MRC Global (MRC) Tops Q2 EPS by 15c, Revenues Beat

July 28, 2020 4:36 PM EDT

MRC Global (NYSE: MRC) reported Q2 EPS of ($0.10), $0.15 better than the analyst estimate of ($0.25). Revenue for the quarter came in at $602 million versus the consensus estimate of $597.12 million.

Andrew R. Lane, MRC Global's president and chief executive officer stated, "Due to the incredible demand destruction brought on by the coronavirus pandemic, the second quarter was our most challenging to date, but I am very pleased with the rapid and proactive... More