Analysts Set MRC Global Inc. (NYSE:MRC) PT at $15.67

Shares of MRC Global Inc. (NYSE:MRC) have received an average rating of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.6667.

A number of brokerages have recently commented on MRC. Susquehanna downgraded shares of MRC Global from a “positive” rating to a “neutral” rating and set a $15.00 price target for the company. in a report on Thursday, October 2nd. Loop Capital downgraded shares of MRC Global from a “buy” rating to a “hold” rating and set a $16.00 price target for the company. in a report on Monday, October 27th. Stifel Nicolaus lowered their price target on shares of MRC Global from $17.00 to $16.00 and set a “buy” rating for the company in a report on Monday, July 21st. Zacks Research upgraded shares of MRC Global to a “hold” rating in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of MRC Global in a report on Wednesday, October 8th.

Institutional Investors Weigh In On MRC Global

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC grew its holdings in MRC Global by 52.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,234 shares of the oil and gas company’s stock valued at $270,000 after purchasing an additional 8,034 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in MRC Global by 67.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,719 shares of the oil and gas company’s stock valued at $582,000 after purchasing an additional 20,455 shares during the period. LPL Financial LLC grew its holdings in MRC Global by 97.1% in the first quarter. LPL Financial LLC now owns 158,490 shares of the oil and gas company’s stock valued at $1,819,000 after purchasing an additional 78,086 shares during the period. Picton Mahoney Asset Management purchased a new stake in MRC Global in the first quarter valued at approximately $429,000. Finally, Bank of New York Mellon Corp grew its holdings in MRC Global by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 318,022 shares of the oil and gas company’s stock valued at $3,651,000 after purchasing an additional 7,974 shares during the period. 94.97% of the stock is currently owned by hedge funds and other institutional investors.

MRC Global Stock Performance

NYSE:MRC opened at $13.94 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $14.40 and a two-hundred day moving average price of $13.51. MRC Global has a twelve month low of $9.23 and a twelve month high of $15.59. The company has a market capitalization of $1.19 billion, a P/E ratio of -58.08 and a beta of 1.62.

MRC Global (NYSE:MRC) last posted its earnings results on Thursday, May 26th. The oil and gas company reported ($0.07) earnings per share for the quarter. The business had revenue of $609.00 million for the quarter. MRC Global had a negative net margin of 0.10% and a positive return on equity of 11.81%. As a group, research analysts expect that MRC Global will post 0.86 earnings per share for the current fiscal year.

About MRC Global

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.