Shares of MRC Global Inc (NYSE:MRC) have received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.71.
A number of equities research analysts have recently issued reports on the company. ValuEngine raised MRC Global from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. Capital One Financial reaffirmed an “overweight” rating on shares of MRC Global in a research report on Monday, July 20th. Susquehanna Bancshares boosted their target price on MRC Global from $6.00 to $8.00 and gave the stock a “positive” rating in a research report on Thursday, April 30th. Northland Securities assumed coverage on MRC Global in a research report on Wednesday, June 24th. They set an “outperform” rating and a $7.50 target price on the stock. Finally, Stifel Nicolaus lifted their price target on MRC Global from $7.00 to $8.00 and gave the company a “buy” rating in a report on Thursday.
MRC opened at $5.95 on Friday. MRC Global has a one year low of $3.31 and a one year high of $16.23. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.02 and a current ratio of 2.48. The stock’s fifty day moving average is $5.83 and its 200-day moving average is $6.85. The company has a market capitalization of $488.30 million, a PE ratio of -1.63 and a beta of 2.35.
MRC Global (NYSE:MRC) last posted its quarterly earnings data on Tuesday, July 28th. The oil and gas company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.12. MRC Global had a positive return on equity of 5.28% and a negative net margin of 8.86%. The company had revenue of $602.00 million for the quarter, compared to the consensus estimate of $587.81 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s quarterly revenue was down 38.8% compared to the same quarter last year. On average, equities research analysts forecast that MRC Global will post -0.48 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of MRC Global in the fourth quarter worth about $15,660,000. Fuller & Thaler Asset Management Inc. raised its holdings in MRC Global by 30.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,104,579 shares of the oil and gas company’s stock valued at $17,486,000 after acquiring an additional 955,651 shares in the last quarter. Federated Hermes Inc. raised its holdings in MRC Global by 46,318.2% in the 1st quarter. Federated Hermes Inc. now owns 759,401 shares of the oil and gas company’s stock valued at $3,235,000 after acquiring an additional 757,765 shares in the last quarter. Morgan Stanley raised its holdings in MRC Global by 101.4% in the 1st quarter. Morgan Stanley now owns 1,503,467 shares of the oil and gas company’s stock valued at $6,404,000 after acquiring an additional 756,983 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in MRC Global by 214.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 975,265 shares of the oil and gas company’s stock valued at $13,302,000 after acquiring an additional 665,210 shares in the last quarter. Hedge funds and other institutional investors own 98.70% of the company’s stock.
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.
See Also: Fiduciary
Receive News & Ratings for MRC Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MRC Global and related companies with MarketBeat.com's FREE daily email newsletter.