Mistras Group: Energy Crash Is A Buying Opportunity [Seeking Alpha]
Mistras Group Inc (MG)
Last mistras group inc earnings: 11/4 05:20 pm
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US:NYSE Investor Relations:
investors.mistrasgroup.com
Company Research
Source: Seeking Alpha
Summary Mistras Group's ongoing struggle with profitability is largely due to a decline in the U.S rig count which is now leveling off. The company continues to transition and will likely see a significant growth rebound shortly. While it is at increased leverage due to acquisitions, its insolvency risk remains quite low. As oil & gas companies look to improve dilapidated pipeline infrastructure, Mistras' earnings will likely rebound as well. Given an expected return in margins and valuation, MG is likely to return to its past price range of $16-$20+ which is much higher than its current depressed price of $10. Mistras Group ( While the company is well-run and is working to drastically grow revenue and cut costs, about half of its revenue comes from the oil and gas industry which is, for lack of a better word, in the dumps. The company provides services on upstream, midstream, and downstream companies in the sector, all of which are being forced to cut CapEx spending due to low commod
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MG
News
- Shareholders Will Be Pleased With The Quality of Mistras Group's (NYSE:MG) Earnings [Yahoo! Finance]Yahoo! Finance
- Earnings Miss: Mistras Group, Inc. Missed EPS By 25% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- MISTRAS Announces Third Quarter 2024 ResultsGlobeNewswire
- MISTRAS Group Announces Conference Call to Discuss Third Quarter Results on October 31, 2024GlobeNewswire
- Should Value Investors Buy Mistras Group (MG) Stock? [Yahoo! Finance]Yahoo! Finance
MG
Earnings
- 10/30/24 - Miss
MG
Sec Filings
- 11/4/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 10/30/24 - Form 8-K
- MG's page on the SEC website