MRC Global (NYSE:MRC) Upgraded at Wall Street Zen

MRC Global (NYSE:MRC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

A number of other analysts also recently commented on MRC. 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 research note on Tuesday, March 18th. Stifel Nicolaus boosted their target price on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Susquehanna dropped their target price on shares of MRC Global from $15.00 to $13.00 and set a "positive" rating on the stock in a report on Monday, April 14th.

MRC Global Price Performance

Shares of MRC stock traded up $0.12 during midday trading on Friday, reaching $12.86. 432,053 shares of the company were exchanged, compared to its average volume of 645,096. MRC Global has a 12 month low of $9.23 and a 12 month high of $15.41. The company has a market cap of $1.11 billion, a P/E ratio of 14.78 and a beta of 1.61. The company's 50 day moving average price is $11.67 and its two-hundred day moving average price is $12.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.99.

MRC Global (NYSE:MRC - Get Free Report) last posted its quarterly earnings data 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. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The company had revenue of $712.00 million for the quarter, compared to the consensus estimate of $710.00 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company's quarterly revenue was down 11.7% compared to the same quarter last year. On average, sell-side analysts expect that MRC Global will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On MRC Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC acquired a new stake in shares of MRC Global during the fourth quarter worth $233,000. Shaker Investments LLC OH acquired a new stake in shares of MRC Global during the fourth quarter worth $511,000. Barclays PLC raised its holdings in shares of MRC Global by 197.7% during the third quarter. Barclays PLC now owns 151,169 shares of the oil and gas company's stock valued at $1,927,000 after acquiring an additional 100,384 shares during the period. Empowered Funds LLC raised its holdings in shares of MRC Global by 32.8% during the fourth quarter. Empowered Funds LLC now owns 376,014 shares of the oil and gas company's stock valued at $4,805,000 after acquiring an additional 92,874 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of MRC Global by 419.3% during the fourth quarter. JPMorgan Chase & Co. now owns 811,787 shares of the oil and gas company's stock valued at $10,375,000 after acquiring an additional 655,455 shares during the period. 94.97% of the stock is owned by institutional investors and hedge funds.

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.