MRC Global's Chairman of the Board, Robert Wood, and President and CEO, Rob Saltiel, expressed their enthusiasm for Hager's appointment, highlighting his industry experience and business acumen as valuable assets for the company's growth and value generation for shareholders.

Analysts downgraded EPS estimates for MRC Global, indicating a sentiment decline. Revenue estimates were also downgraded, suggesting MRC Global's expected underperformance compared to the industry. However, the consensus price target remained unchanged, implying no major changes in the business's intrinsic value.

Despite MRC Global's profitability in recent years, the share price hasn't mirrored this positive shift. Ongoing revenue decline may be influencing negative investor sentiment and subsequent share price drop. The company's future performance is uncertain.