MRC Global Inc (NYSE:MRC) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 3,991,251 shares, a growth of 50.7% from the October 31st total of 2,647,978 shares. Currently, 4.7% of the company’s stock are short sold. Based on an average daily trading volume, of 845,077 shares, the short-interest ratio is currently 4.7 days.

MRC opened at $15.75 on Thursday. 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 one year low of $14.71 and a one year high of $22.98. The stock has a market cap of $1.42 billion, a PE ratio of 525.00, a PEG ratio of 1.83 and a beta of 1.63.

MRC Global (NYSE:MRC) last posted its earnings results on Wednesday, October 31st. The oil and gas company reported $0.20 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that MRC Global will post 0.6 EPS for the current year.

MRC has been the subject of a number of recent analyst reports. Stephens set a $21.00 price target on MRC Global and gave the stock a “buy” rating in a report on Sunday, November 4th. Cowen reaffirmed a “buy” rating and set a $24.00 price target on shares of MRC Global in a report on Monday. TheStreet downgraded MRC Global from a “b-” rating to a “c+” rating in a report on Friday, October 19th. Zacks Investment Research reaffirmed a “hold” rating on shares of MRC Global in a report on Wednesday, November 14th. 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 report on Friday, November 2nd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.89.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of MRC Global by 1.9% during the third quarter. Vanguard Group Inc. now owns 7,664,434 shares of the oil and gas company’s stock worth $143,862,000 after purchasing an additional 142,309 shares in the last quarter. FMR LLC increased its position in shares of MRC Global by 41.2% during the third quarter. FMR LLC now owns 6,939,117 shares of the oil and gas company’s stock worth $130,248,000 after purchasing an additional 2,024,925 shares in the last quarter. BlackRock Inc. increased its position in shares of MRC Global by 6.8% during the second quarter. BlackRock Inc. now owns 6,342,696 shares of the oil and gas company’s stock worth $137,445,000 after purchasing an additional 402,466 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of MRC Global by 10.0% during the third quarter. Alliancebernstein L.P. now owns 4,970,780 shares of the oil and gas company’s stock worth $93,302,000 after purchasing an additional 449,909 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of MRC Global by 47.1% during the third quarter. Clearbridge Investments LLC now owns 4,257,055 shares of the oil and gas company’s stock worth $79,905,000 after purchasing an additional 1,362,284 shares in the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.

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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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