MRC Global Inc. (NYSE:MRC) Receives $15.25 Average Target Price from Analysts

MRC Global Inc. (NYSE:MRC - Get Free Report) has been given a consensus recommendation of "Buy" by the four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $15.25.

A number of research firms have weighed in on MRC. Susquehanna lifted their price objective on MRC Global from $13.00 to $15.00 and gave the company a "positive" rating in a research note on Monday, April 8th. 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.

MRC Global Stock Performance

MRC traded down $0.38 on Friday, reaching $12.08. 552,969 shares of the stock were exchanged, compared to its average volume of 476,158. The company's 50-day moving average price is $11.99 and its 200 day moving average price is $11.01. MRC Global has a fifty-two week low of $8.15 and a fifty-two week high of $13.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.48 and a quick ratio of 0.76. The firm has a market capitalization of $1.02 billion, a PE ratio of 11.62 and a beta of 1.99.

MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.12. MRC Global had a return on equity of 26.92% and a net margin of 3.34%. The company had revenue of $768.00 million during the quarter, compared to analysts' expectations of $810.52 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The firm's revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts forecast that MRC Global will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On MRC Global

Institutional investors and hedge funds have recently modified their holdings of the business. Gladius Capital Management LP acquired a new stake in MRC Global in the 3rd quarter worth about $33,000. Luminus Management LLC acquired a new position in shares of MRC Global during the 3rd quarter worth approximately $42,000. Coppell Advisory Solutions Corp. acquired a new position in shares of MRC Global during the 4th quarter worth approximately $45,000. Quarry LP boosted its holdings in shares of MRC Global by 542.4% during the 1st quarter. Quarry LP now owns 5,242 shares of the oil and gas company's stock worth $51,000 after purchasing an additional 4,426 shares during the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of MRC Global during the 3rd quarter worth approximately $61,000. Hedge funds and other institutional investors own 94.97% of the company's stock.

MRC Global Company Profile

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.