MRC Global Inc. (NYSE:MRC - Get Free Report) Director Leonard M. Anthony sold 40,000 shares of MRC Global stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $12.47, for a total value of $498,800.00. Following the transaction, the director now owns 61,120 shares of the company's stock, valued at $762,166.40. The trade was a 39.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
MRC Global Price Performance
Shares of NYSE:MRC opened at $13.18 on Wednesday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.15 and a beta of 1.97. The stock's 50 day moving average is $13.22 and its 200-day moving average is $12.97. MRC Global Inc. has a twelve month low of $9.77 and a twelve month high of $14.91. The company has a quick ratio of 1.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.15.
MRC Global (NYSE:MRC - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The business had revenue of $797.00 million for the quarter, compared to analysts' expectations of $794.17 million. MRC Global had a return on equity of 19.58% and a net margin of 3.09%. The business's revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Sell-side analysts forecast that MRC Global Inc. will post 0.85 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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A number of analysts have issued reports on MRC shares. Susquehanna boosted their price objective on shares of MRC Global from $16.00 to $17.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Stifel Nicolaus boosted their price objective on shares of MRC Global from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, StockNews.com downgraded MRC Global from a "strong-buy" rating to a "buy" rating in a report on Saturday, November 9th.
Check Out Our Latest Stock Report on MRC
Hedge Funds Weigh In On MRC Global
Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in MRC Global by 308.2% in the second quarter. CWM LLC now owns 2,584 shares of the oil and gas company's stock valued at $33,000 after acquiring an additional 1,951 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of MRC Global in the second quarter valued at $45,000. DekaBank Deutsche Girozentrale bought a new stake in shares of MRC Global in the second quarter valued at $56,000. Canada Pension Plan Investment Board bought a new position in shares of MRC Global during the 2nd quarter worth $56,000. Finally, nVerses Capital LLC bought a new stake in MRC Global in the 2nd quarter valued at about $70,000. Institutional investors own 94.97% of the company's stock.
About MRC Global
(
Get Free Report)
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.
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