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
- MISTRAS Group Announces Conference Call to Discuss First Quarter Results on May 2, 2024GlobeNewswire
- Non-destructive Testing (NDT) Market To Reach USD 33.6 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Several Insiders Invested In Mistras Group Flagging Positive News [Yahoo! Finance]Yahoo! Finance
- MISTRAS Group Appoints New Chief Transformation Officer to Advance Business Transformation [Yahoo! Finance]Yahoo! Finance
- MISTRAS Group Appoints New Chief Transformation Officer to Advance Business TransformationGlobeNewswire
MG
Analyst Actions
- 2/28/24 - TheStreet
MG
Sec Filings
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- 4/5/24 - Form 4
- MG's page on the SEC website