MRC Global Inc. (NYSE:MRC) Receives Average Recommendation of “Buy” from Analysts

Shares of MRC Global Inc. (NYSE:MRC) have been assigned a consensus rating of “Buy” from the three brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $15.33.

MRC has been the subject of several research reports. Susquehanna lifted their price target on MRC Global from $13.00 to $15.00 and gave the stock a “positive” rating in a research note on Monday, April 8th. Stephens reaffirmed an “overweight” rating and set a $17.00 price target on shares of MRC Global in a research note on Wednesday, February 14th.

MRC Global Price Performance

Shares of NYSE MRC opened at $11.69 on Friday. The firm has a market capitalization of $986.52 million, a P/E ratio of 11.24 and a beta of 1.99. MRC Global has a one year low of $8.15 and a one year high of $13.00. The company’s fifty day moving average is $12.09 and its two-hundred day moving average is $11.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.76 and a current ratio of 1.48.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. The business had revenue of $768.00 million during the quarter, compared to the consensus estimate of $810.52 million. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The business’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. Analysts forecast that MRC Global will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in MRC Global by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 8,305,105 shares of the oil and gas company’s stock valued at $59,714,000 after buying an additional 455,224 shares during the period. Pzena Investment Management LLC grew its holdings in MRC Global by 4.0% in the 3rd quarter. Pzena Investment Management LLC now owns 7,448,170 shares of the oil and gas company’s stock valued at $76,344,000 after buying an additional 285,843 shares during the period. BlackRock Inc. grew its holdings in MRC Global by 4.9% in the 2nd quarter. BlackRock Inc. now owns 6,909,136 shares of the oil and gas company’s stock valued at $69,575,000 after buying an additional 322,937 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in MRC Global by 0.7% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,406,123 shares of the oil and gas company’s stock valued at $52,477,000 after buying an additional 31,186 shares during the period. Finally, Engine Capital Management LP grew its holdings in MRC Global by 30.0% in the 4th quarter. Engine Capital Management LP now owns 3,866,886 shares of the oil and gas company’s stock valued at $42,574,000 after buying an additional 891,454 shares during the period. Institutional investors and hedge funds 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.