The Case for and Against MRC Global Inc. (MRC)

MRC Global (MRC) traded down 1.89% during trading on Friday, hitting $16.11.

A number of brokerages recently weighed in on MRC. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 6.59% with $90.35 Million sitting short, betting on future declines.

Among 12 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 5 Hold. Clearbridge Investments LLC purchased a new stake in shares of MRC Global during the first quarter worth about $28,656,000. Prudential Financial Inc. now owns 345,700 shares of the oil and gas company's stock worth $6,336,000 after buying an additional 307,410 shares in the last quarter. Vanguard Group Inc. now owns 8,073,947 shares of the oil and gas company's stock valued at $147,994,000 after buying an additional 894,581 shares during the period. Finally, Laurion Capital Management LP bought a new position in MRC Global during the first quarter valued at about $227,000. The institutional investor owned 18,565 shares of the oil and gas company's stock at the end of the second quarter. The Numina Capital Management Llc holds 396,500 shares with $22.97M value, down from 426,200 last quarter. NY raised its stake in shares of MRC Global by 5.5% in the first quarter. Credit Agricole S A acquired a new position in MRC Global during the fourth quarter worth $288,000. The number of shares now owned by investors are 94.41 mln. Northwestern Mutual Wealth Mngmt Com invested 0% in MRC Global Inc (NYSE:MRC). They now have a Dollars 16 price target on the stock.

The stock has a 50 day moving average price of $16.50 and a 200 day moving average price of $18.58.

Analysts await MRC Global Inc. The stock's market cap is $1.52 billion.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Thursday, August 3rd. Analysts are forecasting earnings of $0.03 on a per share basis this quarter.

Looking forward, for the quarter ending Sep-17, 12 analysts have a mean sales target of 966.14 million.

On the other hand Mrc Global Inc (NYSE:MRC) has Relative Strength Index (RSI 14) of 42.56 along with Average True Range (ATR 14) of 0.55. The company's revenue for the quarter was up 23.6% compared to the same quarter past year. During the same period in the previous year, the company earned ($0.15) EPS.

TRADEMARK VIOLATION WARNING: "MRC Global Inc". Brown Brothers Harriman has invested 0% in MRC Global Inc (NYSE:MRC). If you are reading this news story on another domain, it was illegally copied and republished in violation of USA & global copyright and trademark legislation. Finally, Raymond James Financial, Inc. upgraded MRC Global from a "market perform" rating to a "buy" rating and set a $21.00 price target for the company in a research report on Wednesday, April 19th. Seaport Global Securities lowered shares of MRC Global from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $25.00 to $17.00 in a research note on Wednesday, June 21st. KeyCorp restated a "sector weight" rating on shares of MRC Global in a research report on Friday, May 26th.

Analysts expect MRC Global Inc (NYSE:MRC) to report $0.03 EPS on August, 3 after the close.They anticipate $0.24 EPS change or 114.29% from last quarter's $-0.21 EPS. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. They issued a "buy" rating and a $22.00 price target for the company.

Recommended News

  • Gwynne Dyer: Reservoir dogs in the White House

    Gwynne Dyer: Reservoir dogs in the White House

    Scaramucci asked the President ( Anthony Atamanuik ). " Scaramucci hollered. The replacements keep coming within the White House.
    US Bishops Oppose Senate Proposal for Immigration Limits

    US Bishops Oppose Senate Proposal for Immigration Limits

    Other limitations proposed by the RAISE Act would permanently cap the number of refugees allowed safe passage, "thereby denying our country the necessary flexibility to respond to humanitarian crisis", said Vasquez.
    Constituyente realizará hoy primera sesión — Venezuela

    Constituyente realizará hoy primera sesión — Venezuela

    Cuando la Fiscalía General acudió horas antes a un tribunal para pedir la suspensión de esta iniciativa de Maduro . Ambos han regresado a sus respectivas viviendas para continuar en arresto domiciliario.
  • Gardai appealing for information about missing woman

    Update 12.27pm:The body of missing Jennifer Deysel Crosbie has been found, Gardaí have said. "Thank you for your assistance". She is described as being 1.5metres ( 5ft 2in) in height, of slim build with shoulder-length blonde hair.

    Leopoldo López es devuelto a su casa bajo arresto domiciliario

    En horas de la noche de este sábado 5 de agosto, el líder opositor Leopoldo López , fue trasladado nuevamente desde la cárcel militar de Ramo Verde, a su domicilio en Caracas.
    England v South Africa: fourth Test, day three

    England v South Africa: fourth Test, day three

    England are in a strong position in the fourth and final Test against South Africa after reducing the visitors to 220 for 9. Will England gain a series winning advantage when they bat on day three? Bairstow came to the rescue.
  • Eclipse glasses available at libraries on Aug. 21

    Eclipse glasses available at libraries on Aug. 21

    The next total solar eclipse in the USA will be on April 8, 2024 and will be visible from Texas to New England. The path of totality will start in OR , sweeping across 14 states and end north of Charleston, South Carolina.
    CNE venezolano extiende horario de votación en la Constituyente

    CNE venezolano extiende horario de votación en la Constituyente

    Los ocho restantes son representantes indígenas que serán escogidos el 1 de agosto en tres asambleas generales, de acuerdo con las costumbres y tradiciones de los pueblos indígenas del país.
    Terrell Davis on CTE Symptoms: 'I Can't Lie, We're All Scared'

    Terrell Davis on CTE Symptoms: 'I Can't Lie, We're All Scared'

    Davis earned the starter's job at running back for the '95 season opener, a job he kept for 14 games. Davis had a remarkable career and he's a worthy member of the Pro Football Hall of Fame .
  • Jab Harry Met Sejal Day 1 Box Office Collection Report !!

    Jab Harry Met Sejal Day 1 Box Office Collection Report !!

    " Shah Rukh Khan is one of the popular actor he has very huge fan following, not only in India, but across the globe". Each of the movies was different, and they were also smaller in scope compared to a Dilwale or Happy New Year .
    ANC admitió propuesta para extender su funcionamiento por dos años — VENEZUELA

    ANC admitió propuesta para extender su funcionamiento por dos años — VENEZUELA

    Manifestó que en defensa de la protección a los trabajadores Ortega Díaz, debe ser removida de su cargo. Además, el TSJ pidió enajenar, gravar sus bienes y el congelamiento de sus cuentas .

    Bale up for grabs — Gossip

    Real Madrid wants to sign Kylian Mbappe, who will cost a bomb, and Bale's sale will help them increase the funds for the player. The Times: Chelsea are ready to offer £50m for Southampton defender Virgil van Dijk.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.