MRC Global Inc (NYSE:MRC) SVP John L. Bowhay sold 15,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $17.13, for a total transaction of $256,950.00. Following the transaction, the senior vice president now owns 70,854 shares of the company’s stock, valued at approximately $1,213,729.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MRC stock traded down $0.23 during trading on Thursday, hitting $16.46. The company had a trading volume of 725,300 shares, compared to its average volume of 1,049,276. The company has a market capitalization of $1.43 billion, a P/E ratio of 28.88, a PEG ratio of 1.25 and a beta of 1.86. MRC Global Inc has a fifty-two week low of $11.62 and a fifty-two week high of $22.98. The company has a quick ratio of 1.23, a current ratio of 2.57 and a debt-to-equity ratio of 0.98.
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MRC Global (NYSE:MRC) last issued its quarterly earnings results on Thursday, February 14th. The oil and gas company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.03). MRC Global had a net margin of 1.77% and a return on equity of 10.41%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company posted $0.36 earnings per share. MRC Global’s revenue was up 11.7% compared to the same quarter last year. Equities analysts anticipate that MRC Global Inc will post 0.92 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in MRC Global by 12.8% in the 4th quarter. Geode Capital Management LLC now owns 954,979 shares of the oil and gas company’s stock valued at $11,679,000 after acquiring an additional 108,003 shares during the last quarter. Norges Bank acquired a new stake in MRC Global in the 4th quarter valued at about $12,704,000. FMR LLC lifted its holdings in MRC Global by 34.4% in the 4th quarter. FMR LLC now owns 9,328,043 shares of the oil and gas company’s stock valued at $114,081,000 after acquiring an additional 2,388,926 shares during the last quarter. BW Gestao de Investimentos Ltda. lifted its holdings in MRC Global by 1.5% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 64,179 shares of the oil and gas company’s stock valued at $785,000 after acquiring an additional 923 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in MRC Global in the 4th quarter valued at about $144,000. 96.52% of the stock is owned by institutional investors.
Several equities research analysts recently weighed in on MRC shares. Zacks Investment Research reaffirmed a “hold” rating on shares of MRC Global in a report on Wednesday, November 14th. Cowen reaffirmed a “buy” rating and issued a $24.00 price objective on shares of MRC Global in a report on Monday, December 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.00 price objective on shares of MRC Global in a report on Wednesday, December 19th. Wells Fargo & Co reduced their price objective on shares of MRC Global from $18.00 to $13.00 and set a “market perform” rating for the company in a report on Friday, December 21st. Finally, ValuEngine downgraded shares of MRC Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. MRC Global has a consensus rating of “Buy” and an average target price of $21.30.
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About MRC Global
MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.
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