StockNews.com cut shares of MRC Global (NYSE:MRC - Free Report) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.
Other analysts have also issued research reports about the company. Susquehanna cut their price objective on MRC Global from $15.00 to $13.00 and set a "positive" rating for the company in a report on Monday, April 14th. Stifel Nicolaus upped 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. Finally, Loop Capital reduced their price objective on MRC Global from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th.
Read Our Latest Stock Analysis on MRC Global
MRC Global Stock Down 0.3%
Shares of MRC Global stock traded down $0.04 on Thursday, reaching $12.81. The company's stock had a trading volume of 675,515 shares, compared to its average volume of 643,218. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 14.72 and a beta of 1.63. The firm's fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $12.66. MRC Global has a 52 week low of $9.23 and a 52 week high of $15.41. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15.
MRC Global (NYSE:MRC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.06. The business had revenue of $712.00 million during the quarter, compared to analyst estimates of $710.00 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company's quarterly revenue was down 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 EPS. Equities analysts anticipate that MRC Global will post 0.86 earnings per share for the current year.
Institutional Trading of MRC Global
A number of hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in MRC Global by 24.7% during the first quarter. Meeder Asset Management Inc. now owns 5,462 shares of the oil and gas company's stock valued at $63,000 after purchasing an additional 1,081 shares during the period. Hsbc Holdings PLC grew its holdings in MRC Global by 3.7% during the fourth quarter. Hsbc Holdings PLC now owns 34,562 shares of the oil and gas company's stock valued at $440,000 after purchasing an additional 1,234 shares during the period. Swiss National Bank grew its holdings in MRC Global by 0.9% during the fourth quarter. Swiss National Bank now owns 167,649 shares of the oil and gas company's stock valued at $2,143,000 after purchasing an additional 1,500 shares during the period. MetLife Investment Management LLC grew its holdings in MRC Global by 3.8% during the fourth quarter. MetLife Investment Management LLC now owns 51,551 shares of the oil and gas company's stock valued at $659,000 after purchasing an additional 1,886 shares during the period. Finally, Federated Hermes Inc. grew its holdings in MRC Global by 2.0% during the fourth quarter. Federated Hermes Inc. now owns 104,601 shares of the oil and gas company's stock valued at $1,337,000 after purchasing an additional 2,003 shares during the period. Hedge funds and other institutional investors own 94.97% of the company's stock.
MRC Global Company Profile
(
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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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