MRC Global (NYSE:MRC) Stock Price Up 5.9% - Still a Buy?

Shares of MRC Global Inc. (NYSE:MRC - Get Free Report) were up 5.9% during mid-day trading on Tuesday . The stock traded as high as $13.86 and last traded at $13.91. Approximately 647,635 shares changed hands during trading, a decline of 7% from the average daily volume of 699,028 shares. The stock had previously closed at $13.14.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MRC shares. Wall Street Zen raised MRC Global from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Susquehanna dropped their price target on MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Finally, Stifel Nicolaus upped their price target on MRC Global from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, June 27th.

MRC Global Price Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.68 and a quick ratio of 0.91. The company has a 50-day simple moving average of $12.95 and a two-hundred day simple moving average of $12.54. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -126.58 and a beta of 1.61.

MRC Global (NYSE:MRC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. MRC Global had a return on equity of 12.82% and a net margin of 0.47%. The company had revenue of $712.00 million during the quarter, compared to analysts' expectations of $710.00 million. During the same quarter in the prior year, the business posted $0.20 earnings per share. The company's revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities research analysts predict that MRC Global Inc. will post 0.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of MRC Global by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 9,390,014 shares of the oil and gas company's stock worth $120,004,000 after purchasing an additional 42,331 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in MRC Global by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,827,433 shares of the oil and gas company's stock valued at $48,914,000 after buying an additional 164,973 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in MRC Global by 336.0% during the first quarter. Lord Abbett & CO. LLC now owns 3,498,499 shares of the oil and gas company's stock valued at $40,163,000 after buying an additional 2,696,044 shares in the last quarter. Wellington Management Group LLP boosted its stake in MRC Global by 5.4% during the first quarter. Wellington Management Group LLP now owns 3,105,144 shares of the oil and gas company's stock valued at $35,647,000 after buying an additional 158,338 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in MRC Global by 14.2% during the first quarter. American Century Companies Inc. now owns 2,605,756 shares of the oil and gas company's stock valued at $29,914,000 after buying an additional 324,110 shares in the last quarter. Institutional investors 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.