Shares of MRC Global (NYSE:MRC) have received a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.56.
MRC has been the topic of several research reports. ValuEngine cut MRC Global from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Susquehanna Bancshares set a $22.00 target price on MRC Global and gave the stock a “buy” rating in a research report on Friday, April 13th. Zacks Investment Research raised MRC Global from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Wednesday, April 25th. Stephens set a $24.00 target price on MRC Global and gave the stock a “buy” rating in a research report on Saturday, February 17th. Finally, Alembic Global Advisors reissued a “buy” rating on shares of MRC Global in a research report on Tuesday, February 20th.
Shares of MRC Global opened at $20.40 on Thursday, MarketBeat Ratings reports. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 127.50, a PEG ratio of 1.57 and a beta of 1.49. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.08 and a current ratio of 2.30. MRC Global has a 52-week low of $14.01 and a 52-week high of $21.31.
MRC Global (NYSE:MRC) last announced its earnings results on Wednesday, May 2nd. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $948.42 million. MRC Global had a return on equity of 5.13% and a net margin of 1.63%. MRC Global’s revenue was up 17.2% compared to the same quarter last year. equities analysts anticipate that MRC Global will post 0.87 EPS for the current year.
In other news, Director Barbara J. Duganier sold 3,000 shares of the firm’s stock in a transaction dated 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 can be accessed through this link. Also, CEO Andrew R. Lane sold 293,155 shares of the firm’s stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $19.00, for a total value of $5,569,945.00. The disclosure for this sale can be found here. Insiders sold 1,072,932 shares of company stock worth $21,089,032 in the last ninety days. Corporate insiders own 7.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado bought a new stake in MRC Global during the 4th quarter valued at approximately $120,000. MHI Funds LLC bought a new stake in MRC Global during the 4th quarter valued at approximately $171,000. Xact Kapitalforvaltning AB bought a new stake in MRC Global during the 4th quarter valued at approximately $183,000. Knightsbridge Asset Management LLC bought a new stake in MRC Global during the 4th quarter valued at approximately $195,000. Finally, Koch Industries Inc. bought a new stake in MRC Global during the 4th quarter valued at approximately $217,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.
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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