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
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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
- MISTRAS Group Appoints Hani Hammad as Chief Operating Officer (COO)GlobeNewswire
- Mistras Group (NYSE:MG) shareholders have earned a 39% return over the last year [Yahoo! Finance]Yahoo! Finance
- MISTRAS Group Appoints Natalia Shuman as President and Chief Executive Officer [Yahoo! Finance]Yahoo! Finance
- MISTRAS Group Appoints Natalia Shuman as President and Chief Executive OfficerGlobeNewswire
- BlackSky Technology Gains 20% in 6 Months: How to Play the Stock? [Yahoo! Finance]Yahoo! Finance
MG
Earnings
- 10/30/24 - Miss
MG
Sec Filings
- 12/16/24 - Form 8-K
- 12/5/24 - Form 8-K
- 11/4/24 - Form 10-Q
- MG's page on the SEC website