Grant R. Bates Sells 35,000 Shares of MRC Global Inc. (NYSE:MRC) Stock

MRC Global Inc. (NYSE:MRC) insider Grant R. Bates sold 35,000 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $13.57, for a total value of $474,950.00. Following the completion of the transaction, the insider now directly owns 110,191 shares in the company, valued at approximately $1,495,291.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MRC Global Trading Down 2.1 %

Shares of MRC opened at $13.37 on Thursday. The stock has a market capitalization of $1.14 billion, a P/E ratio of 15.55 and a beta of 2.01. MRC Global Inc. has a twelve month low of $8.15 and a twelve month high of $14.02. The company has a quick ratio of 0.81, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $12.42 and a two-hundred day simple moving average of $11.42.

MRC Global (NYSE:MRC) last issued its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. The firm had revenue of $806.00 million during the quarter, compared to the consensus estimate of $760.76 million. MRC Global had a net margin of 2.97% and a return on equity of 23.60%. The company’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, research analysts anticipate that MRC Global Inc. will post 0.96 EPS for the current year.

Institutional Investors Weigh In On MRC Global

Several institutional investors and hedge funds have recently bought and sold shares of MRC. Gladius Capital Management LP purchased a new stake in MRC Global in the third quarter worth $33,000. Luminus Management LLC purchased a new position in shares of MRC Global during the third quarter valued at about $42,000. New York State Teachers Retirement System bought a new position in MRC Global in the first quarter worth about $94,000. Principal Financial Group Inc. purchased a new stake in MRC Global in the third quarter worth about $114,000. Finally, Mackenzie Financial Corp bought a new stake in MRC Global during the 4th quarter valued at approximately $120,000. Hedge funds and other institutional investors own 94.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MRC. Stephens reiterated an “overweight” rating and issued a $17.00 target price on shares of MRC Global in a research report on Wednesday, February 14th. Susquehanna lifted their price objective on MRC Global from $15.00 to $16.00 and gave the stock a “positive” rating in a report on Friday, May 10th. Finally, StockNews.com raised MRC Global from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $15.67.

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.