Susquehanna Bancshares set a $22.00 target price on MRC Global (NYSE:MRC) in a research note released on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Other equities research analysts have also issued research reports about the company. Alembic Global Advisors reaffirmed a buy rating on shares of MRC Global in a research note on Tuesday, February 20th. Stephens set a $24.00 price target on MRC Global and gave the stock a buy rating in a research note on Saturday, February 17th. Stifel Nicolaus reaffirmed a buy rating and set a $22.00 price target (up previously from $18.00) on shares of MRC Global in a research note on Tuesday, January 16th. Zacks Investment Research raised MRC Global from a sell rating to a hold rating in a research note on Wednesday, January 31st. Finally, ValuEngine lowered MRC Global from a hold rating to a sell rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $20.44.

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Shares of MRC stock opened at $18.37 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.35 and a quick ratio of 1.10. MRC Global has a 12-month low of $14.01 and a 12-month high of $20.77. The stock has a market cap of $1,674.41, a price-to-earnings ratio of 612.33, a PEG ratio of 1.71 and a beta of 1.49.

MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.06). MRC Global had a return on equity of 3.54% and a net margin of 1.37%. The firm had revenue of $903.00 million for the quarter, compared to the consensus estimate of $907.63 million. During the same period last year, the firm earned ($0.18) EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. equities research analysts anticipate that MRC Global will post 0.71 earnings per share for the current fiscal year.

In other news, Director Barbara J. Duganier sold 3,000 shares of the business’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $17.49, for a total value of $52,470.00. Following the completion of the sale, the director now owns 21,262 shares of the company’s stock, valued at approximately $371,872.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 7.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MRC. Nationwide Fund Advisors lifted its stake in shares of MRC Global by 6.4% in the 3rd quarter. Nationwide Fund Advisors now owns 250,078 shares of the oil and gas company’s stock valued at $4,374,000 after acquiring an additional 15,147 shares during the last quarter. American International Group Inc. raised its position in MRC Global by 8.1% during the 3rd quarter. American International Group Inc. now owns 59,936 shares of the oil and gas company’s stock valued at $1,048,000 after purchasing an additional 4,481 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in MRC Global by 5.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 918,183 shares of the oil and gas company’s stock valued at $16,060,000 after purchasing an additional 46,395 shares during the last quarter. Highbridge Capital Management LLC bought a new position in MRC Global during the 3rd quarter valued at approximately $929,000. Finally, Cubist Systematic Strategies LLC raised its position in MRC Global by 2,026.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 19,288 shares of the oil and gas company’s stock valued at $337,000 after purchasing an additional 18,381 shares during the last quarter. 98.43% of the stock is owned by institutional investors.

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About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related 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.

Analyst Recommendations for MRC Global (NYSE:MRC)

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