Jefferies Financial Group started coverage on shares of MRC Global (NYSE:MRC) in a report released on Thursday, Benzinga reports. The brokerage issued a hold rating and a $20.00 price objective on the oil and gas company’s stock.
Other analysts have also issued research reports about the stock. Stephens reissued a buy rating and issued a $22.00 price objective on shares of MRC Global in a research report on Wednesday, February 20th. Stifel Nicolaus lowered shares of MRC Global from a buy rating to a hold rating and set a $20.00 price target on the stock. in a research report on Tuesday, April 16th. ValuEngine raised shares of MRC Global from a sell rating to a hold rating in a research report on Thursday, January 10th. Finally, Zacks Investment Research lowered shares of MRC Global from a hold rating to a sell rating in a research report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. MRC Global presently has a consensus rating of Hold and a consensus price target of $21.40.
Shares of MRC stock opened at $18.10 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.17 and a current ratio of 2.57. The firm has a market capitalization of $1.53 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 1.41 and a beta of 1.96. MRC Global has a 12 month low of $11.62 and a 12 month high of $22.98.
MRC Global (NYSE:MRC) last announced its quarterly earnings data on Thursday, February 14th. The oil and gas company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. MRC Global had a return on equity of 10.41% and a net margin of 1.77%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Analysts anticipate that MRC Global will post 0.86 earnings per share for the current fiscal year.
In other MRC Global news, SVP John L. Bowhay sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $17.13, for a total value of $256,950.00. Following the transaction, the senior vice president now directly owns 70,854 shares in the company, valued at $1,213,729.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Grant R. Bates sold 30,500 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $18.78, for a total transaction of $572,790.00. Following the completion of the transaction, the insider now owns 34,461 shares in the company, valued at $647,177.58. The disclosure for this sale can be found here. Corporate insiders own 23.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MRC. Renaissance Technologies LLC acquired a new position in shares of MRC Global in the third quarter valued at $3,491,000. Man Group plc increased its holdings in shares of MRC Global by 869.7% in the third quarter. Man Group plc now owns 162,054 shares of the oil and gas company’s stock valued at $3,042,000 after purchasing an additional 145,342 shares during the last quarter. MetLife Investment Advisors LLC grew its stake in shares of MRC Global by 55.5% in the third quarter. MetLife Investment Advisors LLC now owns 60,183 shares of the oil and gas company’s stock valued at $1,130,000 after acquiring an additional 21,479 shares in the last quarter. BW Gestao de Investimentos Ltda. grew its stake in shares of MRC Global by 151.6% in the third quarter. BW Gestao de Investimentos Ltda. now owns 63,256 shares of the oil and gas company’s stock valued at $1,187,000 after acquiring an additional 38,110 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of MRC Global by 94.0% in the third quarter. Morgan Stanley now owns 789,626 shares of the oil and gas company’s stock valued at $14,822,000 after acquiring an additional 382,693 shares in the last quarter.
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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