Susquehanna Bancshares set a $22.00 price target on MRC Global (NYSE:MRC) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the oil and gas company’s stock.
Several other research firms have also issued reports on MRC. Stifel Nicolaus reaffirmed a buy rating and issued a $22.00 target price (up from $18.00) on shares of MRC Global in a report on Tuesday, January 16th. Alembic Global Advisors reiterated a buy rating on shares of MRC Global in a research note on Friday, January 19th. ValuEngine downgraded MRC Global from a hold rating to a sell rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded MRC Global from a sell rating to a hold rating in a research note on Wednesday, January 31st. Finally, Stephens set a $24.00 price objective on MRC Global and gave the company a buy rating in a research note on Saturday, February 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. MRC Global presently has a consensus rating of Buy and an average price target of $20.67.
MRC stock opened at $18.33 on Friday. The company has a market capitalization of $1,665.27, a PE ratio of 611.00, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.35 and a quick ratio of 1.10. MRC Global has a 12-month low of $14.01 and a 12-month high of $20.77.
MRC Global (NYSE:MRC) last released its earnings results 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 business had revenue of $903.00 million during the quarter, compared to the consensus estimate of $907.63 million. MRC Global had a net margin of 1.37% and a return on equity of 3.54%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.18) earnings per share. analysts anticipate that MRC Global will post 0.71 earnings per share for the current fiscal year.
In other MRC Global news, CEO Andrew R. Lane sold 293,154 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $19.00, for a total transaction of $5,569,926.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 sale, the director now owns 21,262 shares in the company, valued at approximately $371,872.38. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. American International Group Inc. lifted its position in shares of MRC Global by 8.1% during the third quarter. American International Group Inc. now owns 59,936 shares of the oil and gas company’s stock worth $1,048,000 after acquiring an additional 4,481 shares in the last quarter. Alpha Windward LLC lifted its position in shares of MRC Global by 15.1% during the fourth quarter. Alpha Windward LLC now owns 34,260 shares of the oil and gas company’s stock worth $580,000 after acquiring an additional 4,500 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new stake in shares of MRC Global during the fourth quarter worth $120,000. California Public Employees Retirement System lifted its position in shares of MRC Global by 2.3% during the fourth quarter. California Public Employees Retirement System now owns 326,693 shares of the oil and gas company’s stock worth $5,528,000 after acquiring an additional 7,333 shares in the last quarter. Finally, MHI Funds LLC purchased a new stake in shares of MRC Global during the fourth quarter worth $171,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.
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MRC Global Company Profile
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.
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