Premium oil & gas equipment & services company, MRC Global Inc. (MRC - Free Report) recently declared that it has extended its global master deal with Chevron Corporation (CVX - Free Report) by seven years. The deal is likely to boost the company’s ongoing organic growth trajectory, moving ahead.
Over the last one year, shares of this Zacks Rank #2 (Buy) stock yielded a return of 16.98%, outperforming 5.78% growth recorded by the Zacks categorized Steel - Pipe and Tube industry.
Notably, the attractiveness of this stock as a current investment choice is further accentuated by its favorable Value Growth and Momentum Style Score ‘B’.
Inside the Headlines
Per the extended deal, MRC Global would provide its pipe, valve and fitting (PVF) services and products in Chevron Corporation's worldwide projects. Financial terms of the deal remain undisclosed.
MRC Global has a long-standing relationship with Chevron Corporation. The company started supporting Chevron Corporation in 1995 at its Richmond, CA facility. At present, MRC Global provides services in almost all the midstream, upstream, chemical and refining sectors of Chevron Corporation.
Through such deals, MRC Global intends to extend the supply chain network of its clients, across the globe.
Other Stocks to Consider
Other top-ranked stocks in the industry are listed below:
Caterpillar Inc. (CAT - Free Report) delivered an average positive earnings surprise of 40.25% over the trailing four quarters and currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial Technologies, Inc. (AIT - Free Report) , which sports a Zacks Rank #1 at present, pulled off an average positive earnings surprise of 9.78% over the last four quarters.
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Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Premium oil & gas equipment & services company, MRC Global Inc. (MRC - Free Report) recently declared that it has extended its global master deal with Chevron Corporation (CVX - Free Report) by seven years. The deal is likely to boost the company’s ongoing organic growth trajectory, moving ahead.
Over the last one year, shares of this Zacks Rank #2 (Buy) stock yielded a return of 16.98%, outperforming 5.78% growth recorded by the Zacks categorized Steel - Pipe and Tube industry.
Notably, the attractiveness of this stock as a current investment choice is further accentuated by its favorable Value Growth and Momentum Style Score ‘B’.
Inside the Headlines
Per the extended deal, MRC Global would provide its pipe, valve and fitting (PVF) services and products in Chevron Corporation's worldwide projects. Financial terms of the deal remain undisclosed.
MRC Global has a long-standing relationship with Chevron Corporation. The company started supporting Chevron Corporation in 1995 at its Richmond, CA facility. At present, MRC Global provides services in almost all the midstream, upstream, chemical and refining sectors of Chevron Corporation.
Through such deals, MRC Global intends to extend the supply chain network of its clients, across the globe.
Other Stocks to Consider
Other top-ranked stocks in the industry are listed below:
Caterpillar Inc. (CAT - Free Report) delivered an average positive earnings surprise of 40.25% over the trailing four quarters and currently boasts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Industrial Technologies, Inc. (AIT - Free Report) , which sports a Zacks Rank #1 at present, pulled off an average positive earnings surprise of 9.78% over the last four quarters.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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