MRC Global Inc. (NYSE:MRC) Receives $15.67 Consensus Price Target from Brokerages

MRC Global Inc. (NYSE:MRC) has been given an average recommendation of “Hold” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $15.6667.

Several equities analysts have recently commented on the company. Loop Capital downgraded MRC Global from a “buy” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of MRC Global in a research note on Wednesday, October 8th. Susquehanna lowered MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Thursday, October 2nd. Finally, Zacks Research raised MRC Global to a “hold” rating in a report on Friday, August 8th.

MRC Global Price Performance

Shares of MRC opened at $13.78 on Friday. The company’s 50-day moving average is $14.05 and its 200-day moving average is $13.78. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.84 and a quick ratio of 1.00. The firm has a market capitalization of $1.17 billion, a PE ratio of -57.40 and a beta of 1.63. MRC Global has a fifty-two week low of $9.23 and a fifty-two week high of $15.59.

MRC Global (NYSE:MRC) last announced its earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) EPS for the quarter. The company had revenue of $609.00 million for the quarter. MRC Global had a positive return on equity of 11.81% and a negative net margin of 0.10%. Equities analysts forecast that MRC Global will post 0.86 EPS for the current year.

Institutional Trading of MRC Global

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in shares of MRC Global during the 2nd quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of MRC Global in the second quarter valued at approximately $27,000. SBI Securities Co. Ltd. grew its position in MRC Global by 98.7% during the second quarter. SBI Securities Co. Ltd. now owns 2,023 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,005 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new stake in MRC Global during the third quarter worth approximately $36,000. Finally, Summit Securities Group LLC bought a new position in MRC Global during the 1st quarter worth $44,000. Institutional investors own 94.97% 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 in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly.