Stifel Nicolaus Raises MRC Global (NYSE:MRC) Price Target to $15.00

MRC Global (NYSE:MRC - Free Report) had its price objective lifted by Stifel Nicolaus from $14.00 to $15.00 in a report published on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the oil and gas company's stock.

A number of other analysts also recently issued reports on the company. Susquehanna reaffirmed a positive rating and set a $16.00 price target on shares of MRC Global in a report on Wednesday, June 26th. StockNews.com downgraded MRC Global from a strong-buy rating to a buy rating in a report on Thursday, October 10th.

MRC Global Stock Up 0.6 %

MRC stock traded up $0.07 during midday trading on Tuesday, hitting $12.72. The company's stock had a trading volume of 555,099 shares, compared to its average volume of 578,988. The firm has a 50-day simple moving average of $12.50 and a 200-day simple moving average of $12.73. The firm has a market capitalization of $1.08 billion, a P/E ratio of 14.79 and a beta of 1.97. The company has a quick ratio of 1.10, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. MRC Global has a 52-week low of $9.47 and a 52-week high of $14.91.

MRC Global (NYSE:MRC - Get Free Report) last released its earnings results on Tuesday, August 6th. The oil and gas company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. The firm had revenue of $832.00 million during the quarter, compared to analysts' expectations of $831.32 million. MRC Global had a return on equity of 22.35% and a net margin of 3.19%. MRC Global's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. As a group, equities analysts forecast that MRC Global will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MRC. Victory Capital Management Inc. grew its position in MRC Global by 7,541.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,342,896 shares of the oil and gas company's stock valued at $17,337,000 after buying an additional 1,325,323 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of MRC Global by 167.3% in the second quarter. American Century Companies Inc. now owns 1,205,172 shares of the oil and gas company's stock worth $15,559,000 after acquiring an additional 754,376 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in MRC Global by 5.1% in the 1st quarter. Pzena Investment Management LLC now owns 7,360,439 shares of the oil and gas company's stock valued at $92,521,000 after purchasing an additional 358,580 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of MRC Global by 456.3% during the second quarter. Acadian Asset Management LLC now owns 427,298 shares of the oil and gas company's stock worth $5,513,000 after buying an additional 350,492 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of MRC Global in the second quarter valued at approximately $4,418,000. Institutional investors and hedge funds 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.