MRC Global Inc (NYSE:MRC) CEO Andrew R. Lane sold 109,686 shares of MRC Global stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $15.02, for a total value of $1,647,483.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MRC stock traded down $0.03 during midday trading on Tuesday, hitting $15.12. 2,273 shares of the stock were exchanged, compared to its average volume of 1,159,457. The stock’s 50-day moving average price is $12.23 and its 200-day moving average price is $14.46. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.16 and a beta of 2.09. MRC Global Inc has a fifty-two week low of $10.73 and a fifty-two week high of $18.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.15 and a current ratio of 2.47.
MRC Global (NYSE:MRC) last issued its quarterly earnings data on Thursday, October 31st. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The firm had revenue of $942.00 million during the quarter, compared to analysts’ expectations of $938.10 million. MRC Global had a return on equity of 11.80% and a net margin of 1.87%. MRC Global’s revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. Research analysts anticipate that MRC Global Inc will post 0.65 EPS for the current year.
Hedge funds have recently modified their holdings of the stock. Investors Research Corp raised its holdings in MRC Global by 50.0% during the second quarter. Investors Research Corp now owns 1,800 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 600 shares during the last quarter. Tower Research Capital LLC TRC grew its position in MRC Global by 4,119.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,599 shares of the oil and gas company’s stock valued at $79,000 after acquiring an additional 4,490 shares during the period. Point72 Hong Kong Ltd purchased a new stake in MRC Global during the second quarter valued at about $102,000. Sciencast Management LP purchased a new stake in MRC Global during the third quarter valued at about $123,000. Finally, Jane Street Group LLC purchased a new stake in MRC Global during the second quarter valued at about $179,000. 96.05% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on MRC. TheStreet downgraded MRC Global from a “b-” rating to a “c” rating in a research note on Monday, September 16th. Stifel Nicolaus lifted their price target on MRC Global from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, September 24th. Raymond James decreased their price target on MRC Global from $16.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. ValuEngine upgraded MRC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Cowen lifted their price target on MRC Global from $14.00 to $16.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.57.
About MRC Global
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure 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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