Shares of MRC Global (NYSE:MRC) have been assigned an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $20.56.
Several analysts have recently issued reports on the company. Zacks Investment Research cut MRC Global from a “hold” rating to a “strong sell” rating in a research note on Monday, January 8th. Susquehanna Bancshares set a $21.00 price objective on MRC Global and gave the company a “buy” rating in a research note on Friday, January 12th. Alembic Global Advisors reiterated a “buy” rating on shares of MRC Global in a research note on Tuesday, February 20th. Stifel Nicolaus reiterated a “buy” rating and issued a $22.00 price objective (up from $18.00) on shares of MRC Global in a research note on Tuesday, January 16th. Finally, ValuEngine cut MRC Global from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Shares of NYSE MRC traded up $0.05 during mid-day trading on Wednesday, hitting $17.31. The company had a trading volume of 39,832 shares, compared to its average volume of 700,873. The stock has a market cap of $1,576.67, a P/E ratio of 575.33, a PEG ratio of 1.61 and a beta of 1.49. The company has a current ratio of 2.35, a quick ratio of 1.10 and a debt-to-equity ratio of 0.69. MRC Global has a 1-year low of $14.01 and a 1-year high of $20.77.
MRC Global (NYSE:MRC) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $903.00 million during the quarter, compared to analyst estimates of $907.63 million. MRC Global had a net margin of 1.37% and a return on equity of 3.54%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.18) earnings per share. equities analysts forecast that MRC Global will post 0.71 EPS for the current fiscal year.
In related news, Director Barbara J. Duganier sold 3,000 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $17.49, for a total value of $52,470.00. Following the transaction, the director now owns 21,262 shares of the company’s stock, valued at $371,872.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Lane sold 180,621 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $19.00, for a total value of $3,431,799.00. The disclosure for this sale can be found here. Insiders sold 476,775 shares of company stock worth $9,054,195 in the last three months. 7.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. American International Group Inc. increased its holdings in MRC Global by 8.1% in the third quarter. American International Group Inc. now owns 59,936 shares of the oil and gas company’s stock valued at $1,048,000 after buying an additional 4,481 shares during the last quarter. Alpha Windward LLC increased its holdings in MRC Global by 15.1% in the fourth quarter. Alpha Windward LLC now owns 34,260 shares of the oil and gas company’s stock valued at $580,000 after buying an additional 4,500 shares during the last quarter. Public Employees Retirement Association of Colorado purchased a new position in MRC Global in the fourth quarter valued at $120,000. California Public Employees Retirement System increased its holdings in MRC Global by 2.3% in the fourth quarter. California Public Employees Retirement System now owns 326,693 shares of the oil and gas company’s stock valued at $5,528,000 after buying an additional 7,333 shares during the last quarter. Finally, MHI Funds LLC purchased a new position in MRC Global in the fourth quarter valued at $171,000. 98.43% of the stock is currently owned by hedge funds and other institutional investors.
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MRC Global Company Profile
MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.
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