Cowen restated their buy rating on shares of MRC Global (NYSE:MRC) in a research report report published on Monday morning. They currently have a $24.00 price objective on the oil and gas company’s stock.

Several other research firms have also recently weighed in on MRC. JPMorgan Chase & Co. boosted their price target on MRC Global from $25.00 to $27.00 and gave the stock an overweight rating in a research note on Monday, September 17th. Zacks Investment Research cut MRC Global from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Raymond James decreased their price target on MRC Global from $25.00 to $21.00 and set an outperform rating for the company in a research note on Friday, October 19th. Stephens set a $21.00 price target on MRC Global and gave the stock a buy rating in a research note on Sunday, November 4th. Finally, Robert W. Baird decreased their price target on MRC Global from $23.00 to $20.00 and set a neutral rating for the company in a research note on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $22.89.

MRC Global stock opened at $15.05 on Monday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.23 and a current ratio of 2.64. MRC Global has a 12 month low of $14.71 and a 12 month high of $22.98. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 501.67, a P/E/G ratio of 1.75 and a beta of 1.63.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.05). MRC Global had a return on equity of 9.12% and a net margin of 2.43%. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts predict that MRC Global will post 0.6 EPS for the current year.

A number of institutional investors have recently bought and sold shares of MRC. Fox Run Management L.L.C. purchased a new stake in MRC Global during the third quarter valued at $198,000. Point72 Hong Kong Ltd purchased a new stake in MRC Global during the second quarter valued at $217,000. Trexquant Investment LP purchased a new stake in MRC Global during the third quarter valued at $248,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MRC Global during the third quarter valued at $383,000. Finally, Global X Management Co LLC increased its position in MRC Global by 19.0% during the second quarter. Global X Management Co LLC now owns 18,475 shares of the oil and gas company’s stock valued at $400,000 after acquiring an additional 2,951 shares during the last quarter. Institutional investors own 97.90% of the company’s stock.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as measurement, steam, and instrumentation products.

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Analyst Recommendations for MRC Global (NYSE:MRC)

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