MRC Global (NYSE:MRC) received a $24.00 price target from analysts at Stephens in a research note issued to investors on Saturday, February 17th. The firm presently has a “buy” rating on the oil and gas company’s stock. Stephens’ price objective would suggest a potential upside of 33.19% from the stock’s current price.
MRC has been the topic of a number of other reports. Alembic Global Advisors reaffirmed a “buy” rating on shares of MRC Global in a research note on Friday, January 19th. ValuEngine lowered shares of MRC Global from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. 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 report on Tuesday, January 16th. Susquehanna Bancshares set a $21.00 price objective on shares of MRC Global and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Zacks Investment Research lowered shares of MRC Global from a “hold” rating to a “strong sell” rating in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. MRC Global has a consensus rating of “Buy” and an average price target of $20.56.
Shares of MRC Global (NYSE MRC) traded down $0.04 during trading on Friday, hitting $18.02. 477,622 shares of the stock were exchanged, compared to its average volume of 726,563. The company has a quick ratio of 1.10, a current ratio of 2.35 and a debt-to-equity ratio of 0.69. The firm has a market cap of $1,700.00, a PE ratio of -56.31, a price-to-earnings-growth ratio of 1.75 and a beta of 1.56. MRC Global has a fifty-two week low of $14.01 and a fifty-two week 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). MRC Global had a net margin of 1.37% and a return on equity of 3.54%. The firm had revenue of $903.00 million during the quarter, compared to analyst estimates of $907.63 million. During the same period in the prior year, the firm posted ($0.18) earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. equities analysts expect that MRC Global will post 0.69 EPS for the current year.
In other news, Director Barbara J. Duganier sold 3,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $17.49, for a total transaction of $52,470.00. Following the completion of the transaction, the director now owns 21,262 shares of the company’s stock, valued at approximately $371,872.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Lane sold 180,621 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $19.00, for a total transaction of $3,431,799.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 476,775 shares of company stock worth $9,054,195. 6.30% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado acquired a new position in shares of MRC Global during the 4th quarter valued at about $120,000. MHI Funds LLC acquired a new position in shares of MRC Global during the 4th quarter valued at about $171,000. Xact Kapitalforvaltning AB acquired a new position in shares of MRC Global during the 4th quarter valued at about $183,000. Knightsbridge Asset Management LLC acquired a new position in shares of MRC Global during the 4th quarter valued at about $195,000. Finally, Koch Industries Inc. acquired a new position in shares of MRC Global during the 4th quarter valued at about $217,000. 98.67% of the stock is owned by institutional investors.
About MRC Global
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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