Russel gains with energy prices

Article Excerpt

RUSSEL METALS, $31.37, is a buy. The company (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 63.1 million; Market cap: $2.0 billion; Dividend yield: 4.9%) reports that in the three months ended March 31, 2022, revenue jumped 51.2%, to $1.34 billion from $885.4 million a year earlier. That reflects the improving economy and higher oil prices. (The company supplies pipes to oil and gas drillers.) Russel earned $98.7 million, or $1.56 a share. That was up 22.5% from $80.6 million, or $1.29. The company’s shares offer investors a high 4.9% yield. Russel Metals is a buy. buy. …