MRC Global (NYSE:MRC) Hits New 12-Month High - What's Next?

MRC Global Inc. (NYSE:MRC - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $15.52 and last traded at $15.19, with a volume of 519618 shares traded. The stock had previously closed at $13.32.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MRC shares. Stifel Nicolaus lifted their price objective on MRC Global from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded MRC Global from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Loop Capital dropped their price objective on MRC Global from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Susquehanna reduced their target price on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a research note on Monday, April 14th.

MRC Global Trading Up 15.7%

The company has a fifty day simple moving average of $12.40 and a two-hundred day simple moving average of $12.49. The company has a market capitalization of $1.33 billion, a P/E ratio of -140.05 and a beta of 1.61. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.68 and a quick ratio of 0.91.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $712.00 million for the quarter, compared to the consensus estimate of $710.00 million. MRC Global had a return on equity of 12.82% and a net margin of 0.47%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS. On average, analysts forecast that MRC Global Inc. will post 0.86 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MRC. Huntington National Bank bought a new position in shares of MRC Global in the fourth quarter worth about $34,000. Sterling Capital Management LLC grew its holdings in MRC Global by 821.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,699 shares of the oil and gas company's stock valued at $34,000 after buying an additional 2,406 shares during the last quarter. Summit Securities Group LLC bought a new position in MRC Global in the 1st quarter worth approximately $44,000. Meeder Asset Management Inc. bought a new stake in shares of MRC Global in the fourth quarter valued at approximately $56,000. Finally, Quantinno Capital Management LP bought a new stake in shares of MRC Global in the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 94.97% of the company's stock.

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.

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