MRC Global Inc (MRC) Receives Average Rating of “Hold” from Analysts

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Shares of MRC Global Inc (NYSE:MRC) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $21.44.

Several equities research analysts recently weighed in on MRC shares. Stephens reaffirmed a “buy” rating and set a $22.00 target price on shares of MRC Global in a research note on Wednesday, February 20th. Jefferies Financial Group began coverage on shares of MRC Global in a research report on Thursday, April 25th. They issued a “hold” rating and a $20.00 price objective on the stock. Stifel Nicolaus downgraded shares of MRC Global from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research report on Tuesday, April 16th. Finally, Zacks Investment Research downgraded shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th.

MRC traded down $0.47 during trading hours on Friday, hitting $16.33. 446,200 shares of the company’s stock were exchanged, compared to its average volume of 975,423. MRC Global has a 12-month low of $11.62 and a 12-month high of $22.98. The company has a market cap of $1.37 billion, a P/E ratio of 28.65, a PEG ratio of 0.96 and a beta of 1.93. The company has a quick ratio of 1.14, a current ratio of 2.54 and a debt-to-equity ratio of 1.35.

MRC Global (NYSE:MRC) last announced its earnings results on Thursday, May 2nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.08. MRC Global had a net margin of 1.79% and a return on equity of 10.65%. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $953.51 million. During the same period in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Research analysts forecast that MRC Global will post 0.86 earnings per share for the current year.

In related news, EVP Daniel J. Churay sold 25,286 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $17.11, for a total value of $432,643.46. Following the transaction, the executive vice president now directly owns 82,834 shares of the company’s stock, valued at approximately $1,417,289.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John L. Bowhay sold 15,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $17.13, for a total transaction of $256,950.00. Following the completion of the transaction, the senior vice president now directly owns 70,854 shares in the company, valued at $1,213,729.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 125,265 shares of company stock worth $2,179,265. Insiders own 23.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new position in shares of MRC Global in the 4th quarter valued at $55,000. CX Institutional acquired a new stake in MRC Global during the 4th quarter worth $57,000. Pearl River Capital LLC acquired a new stake in MRC Global during the 4th quarter worth $101,000. Sun Life Financial INC acquired a new stake in MRC Global during the 4th quarter worth $103,000. Finally, Amalgamated Bank acquired a new stake in MRC Global during the 4th quarter worth $144,000.

MRC Global Company Profile

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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Analyst Recommendations for MRC Global (NYSE:MRC)

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