TheStreet lowered shares of MRC Global (NYSE:MRC) from a b- rating to a c rating in a report released on Monday morning, TheStreetRatingsTable reports.

A number of other research firms have also commented on MRC. ValuEngine lowered MRC Global from a hold rating to a sell rating in a research note on Tuesday, August 20th. Raymond James set a $16.00 price objective on MRC Global and gave the company a buy rating in a research note on Friday, September 6th. Cowen lowered MRC Global from an outperform rating to a market perform rating in a research note on Thursday, September 12th. Finally, Scotiabank lowered MRC Global from a sector outperform rating to a sector perform rating and decreased their price objective for the company from $17.00 to $11.00 in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $17.38.

MRC opened at $13.20 on Monday. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 1.34. The firm has a market cap of $1.11 billion, a P/E ratio of 23.16, a PEG ratio of 1.10 and a beta of 2.09. MRC Global has a 52 week low of $11.19 and a 52 week high of $19.88. The business’s fifty day simple moving average is $13.20 and its 200 day simple moving average is $15.85.

MRC Global (NYSE:MRC) last posted its quarterly earnings data on Thursday, August 1st. The oil and gas company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $984.00 million for the quarter, compared to analyst estimates of $1.04 billion. MRC Global had a net margin of 1.88% and a return on equity of 11.23%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. As a group, equities analysts expect that MRC Global will post 0.63 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Investors Research Corp boosted its stake in MRC Global by 50.0% in the 2nd quarter. Investors Research Corp now owns 1,800 shares of the oil and gas company’s stock worth $31,000 after buying an additional 600 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in MRC Global by 4,119.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,599 shares of the oil and gas company’s stock worth $79,000 after buying an additional 4,490 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in MRC Global in the 2nd quarter worth about $102,000. Jane Street Group LLC acquired a new stake in MRC Global in the 2nd quarter worth about $179,000. Finally, CWM Advisors LLC acquired a new stake in MRC Global in the 2nd quarter worth about $181,000. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for MRC Global (NYSE:MRC)

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