Shares of MRC Global Inc. (NYSE:MRC) fell 2.7% during mid-day trading on Thursday . The stock traded as low as $14.20 and last traded at $14.27, with a volume of 462,278 shares trading hands. The stock had previously closed at $14.67.

Several research firms recently issued reports on MRC. Zacks Investment Research raised shares of MRC Global from a “sell” rating to a “hold” rating in a report on Friday, May 6th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of MRC Global in a report on Wednesday, August 3rd. Maxim Group raised shares of MRC Global from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Thursday, August 4th. Finally, Capital One Financial Corp. raised shares of MRC Global from an “equal weight” rating to an “overweight” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. MRC Global currently has a consensus rating of “Hold” and a consensus price target of $16.00.

The firm’s market cap is $1.36 billion. The firm has a 50 day moving average price of $14.22 and a 200 day moving average price of $13.70.

MRC Global (NYSE:MRC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.14) by $0.07. The business earned $746 million during the quarter, compared to the consensus estimate of $747.81 million. During the same quarter in the previous year, the business posted $0.22 EPS. The firm’s revenue was down 37.7% on a year-over-year basis. Equities analysts anticipate that MRC Global Inc. will post ($0.59) EPS for the current fiscal year.

In other MRC Global news, Director Gerard Pieter Krans sold 39,000 shares of the stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $14.50, for a total transaction of $565,500.00. Following the transaction, the director now owns 18,802 shares in the company, valued at $272,629. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel J. Churay sold 5,350 shares of the stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $14.77, for a total value of $79,019.50. Following the transaction, the executive vice president now owns 46,292 shares in the company, valued at approximately $683,732.84. The disclosure for this sale can be found here.

MRC Global Inc is an industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company operates through three segments: the United States of America, Canada and International. It has branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Kazakhstan.

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