MRC Global Inc (NYSE:MRC) – Research analysts at Capital One Financial Corp. upped their Q3 2017 earnings per share (EPS) estimates for shares of MRC Global in a report issued on Thursday, according to Zacks Investment Research. Capital One Financial Corp. analyst J. Gibney now expects that the oil and gas company will post earnings of $0.06 per share for the quarter, up from their previous estimate of $0.05. Capital One Financial Corp. also issued estimates for MRC Global’s Q4 2017 earnings at $0.14 EPS.
A number of other equities analysts have also recently issued reports on MRC. Raymond James Financial, Inc. raised MRC Global from a “market perform” rating to a “buy” rating and set a $21.00 target price for the company in a report on Wednesday. Susquehanna Bancshares Inc assumed coverage on MRC Global in a report on Tuesday, April 11th. They issued a “positive” rating and a $23.00 target price for the company. Evercore ISI upped their target price on MRC Global to $25.00 in a report on Wednesday, February 22nd. TheStreet raised MRC Global from a “d+” rating to a “c” rating in a report on Thursday, February 16th. Finally, Zacks Investment Research cut MRC Global from a “buy” rating to a “hold” rating in a report on Monday, January 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. MRC Global presently has an average rating of “Buy” and a consensus price target of $21.57.
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Shares of MRC Global (NYSE:MRC) traded down 0.28% on Friday, hitting $18.11. The company had a trading volume of 560,580 shares. MRC Global has a 12-month low of $11.50 and a 12-month high of $22.52. The firm has a 50-day moving average price of $18.44 and a 200 day moving average price of $18.97. The company’s market capitalization is $1.72 billion.
MRC Global (NYSE:MRC) last issued its earnings results on Thursday, February 16th. The oil and gas company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.07. The firm earned $719 million during the quarter, compared to analyst estimates of $752.88 million. MRC Global had a negative net margin of 13.92% and a negative return on equity of 0.01%. The business’s revenue for the quarter was down 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share.
Several large investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of MRC Global by 205.7% in the fourth quarter. FMR LLC now owns 7,216,744 shares of the oil and gas company’s stock worth $146,212,000 after buying an additional 4,855,911 shares in the last quarter. Tweedy Browne Co. LLC increased its position in shares of MRC Global by 7.6% in the fourth quarter. Tweedy Browne Co. LLC now owns 4,805,543 shares of the oil and gas company’s stock worth $97,360,000 after buying an additional 340,642 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of MRC Global by 3.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,658,020 shares of the oil and gas company’s stock worth $43,671,000 after buying an additional 100,397 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of MRC Global by 7.9% in the third quarter. BlackRock Fund Advisors now owns 2,506,968 shares of the oil and gas company’s stock worth $41,189,000 after buying an additional 183,910 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its position in shares of MRC Global by 10.3% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,490,285 shares of the oil and gas company’s stock worth $50,453,000 after buying an additional 232,364 shares in the last quarter.
In other MRC Global news, EVP Daniel J. Churay sold 3,080 shares of the company’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $21.30, for a total value of $65,604.00. Following the sale, the executive vice president now owns 63,349 shares in the company, valued at approximately $1,349,333.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.10% of the company’s stock.
MRC Global Company Profile
MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.
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