Shares of MRC Global Inc (NYSE:MRC) have been assigned an average recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $20.56.
A number of equities analysts recently commented on MRC shares. Stifel Nicolaus restated a “buy” rating and set a $18.00 target price on shares of MRC Global in a report on Thursday, December 14th. ValuEngine downgraded MRC Global from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Stephens set a $24.00 target price on MRC Global and gave the company a “buy” rating in a report on Saturday, February 17th. Zacks Investment Research upgraded MRC Global from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Alembic Global Advisors reaffirmed a “buy” rating on shares of MRC Global in a research note on Friday, January 19th.
In related news, CEO Andrew R. Lane sold 180,621 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $19.00, for a total transaction of $3,431,799.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Barbara J. Duganier sold 3,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $17.49, for a total value of $52,470.00. Following the sale, the director now directly owns 21,262 shares in the company, valued at $371,872.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 476,775 shares of company stock worth $9,054,195. Insiders own 6.30% of the company’s stock.
Shares of MRC Global (NYSE:MRC) traded up $0.25 during mid-day trading on Friday, reaching $18.37. The company’s stock had a trading volume of 32,568 shares, compared to its average volume of 641,899. The company has a quick ratio of 1.10, a current ratio of 2.35 and a debt-to-equity ratio of 0.69. MRC Global has a 12-month low of $14.01 and a 12-month high of $20.77. The company has a market capitalization of $1,651.57, a P/E ratio of 602.67, a P/E/G ratio of 1.75 and a beta of 1.56.
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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). The company 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 for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.18) EPS. equities analysts forecast that MRC Global will post 0.69 EPS for the current year.
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MRC Global Company Profile
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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