MRC Global (NYSE:MRC) PT Raised to $15.00 at Susquehanna

MRC Global (NYSE:MRC - Get Free Report) had its price objective lifted by investment analysts at Susquehanna from $13.00 to $15.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a "positive" rating on the oil and gas company's stock. Susquehanna's target price indicates a potential upside of 16.37% from the company's previous close.

Separately, Stephens reiterated an "overweight" rating and set a $17.00 price objective on shares of MRC Global in a research note on Wednesday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, MRC Global presently has a consensus rating of "Buy" and a consensus target price of $15.25.

MRC Global Price Performance

MRC stock traded up $0.33 during trading on Monday, reaching $12.89. The company's stock had a trading volume of 1,502,334 shares, compared to its average volume of 583,289. MRC Global has a 1 year low of $8.15 and a 1 year high of $12.92. The company has a quick ratio of 0.76, a current ratio of 1.48 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.09 billion, a P/E ratio of 12.39 and a beta of 1.99. The company's fifty day moving average is $11.85 and its 200-day moving average is $10.95.

MRC Global (NYSE:MRC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.12. MRC Global had a net margin of 3.34% and a return on equity of 26.92%. The firm had revenue of $768.00 million during the quarter, compared to the consensus estimate of $810.52 million. During the same quarter last year, the firm earned $0.32 EPS. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. On average, research analysts expect that MRC Global will post 0.97 earnings per share for the current fiscal year.

Institutional Trading of MRC Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of MRC Global by 3.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 63,452 shares of the oil and gas company's stock worth $699,000 after buying an additional 2,311 shares in the last quarter. Barclays PLC lifted its position in shares of MRC Global by 100.6% during the fourth quarter. Barclays PLC now owns 151,733 shares of the oil and gas company's stock worth $1,671,000 after purchasing an additional 76,100 shares in the last quarter. Venator Management LLC acquired a new position in shares of MRC Global during the fourth quarter worth $550,000. Ophir Asset Management Pty Ltd acquired a new stake in MRC Global in the fourth quarter valued at $304,000. Finally, Bridgeway Capital Management LLC raised its holdings in MRC Global by 9.8% in the fourth quarter. Bridgeway Capital Management LLC now owns 77,752 shares of the oil and gas company's stock valued at $856,000 after acquiring an additional 6,912 shares in the last quarter. 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.