The stock of MRC Global Inc (NYSE:MRC) is a huge mover today! About 428,032 shares traded hands. MRC Global Inc (NYSE:MRC) has risen 13.02% since April 5, 2016 and is uptrending. It has outperformed by 11.07% the S&P500.
The move comes after 6 months positive chart setup for the $1.54B company. It was reported on Nov, 8 by Barchart.com. We have $20.63 PT which if reached, will make NYSE:MRC worth $477.40M more.
MRC Global Inc (NYSE:MRC) Ratings Coverage
Out of 7 analysts covering MRC Global (NYSE:MRC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. MRC Global has been the topic of 11 analyst reports since August 6, 2015 according to StockzIntelligence Inc. CapitalOne initiated the shares of MRC in a report on Tuesday, December 29 with “Overweight” rating. The stock has “Neutral” rating given by Longbow on Thursday, February 25. The stock has “Outperform” rating given by Cowen & Co on Tuesday, November 8. Cowen & Co initiated the shares of MRC in a report on Friday, September 16 with “Market Perform” rating. The rating was downgraded by Capital One on Thursday, February 25 to “Equal-Weight”. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, December 18. The firm earned “Sector Perform” rating on Monday, November 9 by KeyBanc Capital Markets. The stock of MRC Global Inc (NYSE:MRC) has “Hold” rating given on Tuesday, November 10 by Maxim Group. Maxim Group maintained MRC Global Inc (NYSE:MRC) rating on Thursday, August 6. Maxim Group has “Buy” rating and $17 price target. On Thursday, August 4 the stock rating was upgraded by Maxim Group to “Buy”.
According to Zacks Investment Research, “MRC Global Inc. operates as a distributor of pipe, valve, and fittings and related products and services to the energy industry. The Company serves various industries such as chemical and petrochemical, food processing, gas distribution, gas transmission, oil and gas exploration and production, pharmaceutical, pulp and paper, refining, steel manufacturing, and power generation. The products offered by MRC include Valves and Specialty Products, Line Pipe, OCTG, Carbon Steel Fittings and Flanges and Stainless Steel and Alloy Pipe and Fittings and others. MRC Global Inc. is headquartered in Houston, Texas.”
Insitutional Activity: The institutional sentiment decreased to 0.71 in Q2 2016. Its down 0.92, from 1.63 in 2016Q1. The ratio worsened, as 27 funds sold all MRC Global Inc shares owned while 67 reduced positions. 15 funds bought stakes while 52 increased positions. They now own 93.67 million shares or 6.21% less from 99.87 million shares in 2016Q1.
Bokf Na holds 760,525 shares or 0.38% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 2,437 shares. Tweedy Browne Com Llc last reported 2.28% of its portfolio in the stock. Citigroup Incorporated reported 42,611 shares or 0% of all its holdings. Dimensional Fund Advsrs Lp has 0.05% invested in the company for 6.35 million shares. Tortoise Capital Advsrs Ltd Liability Company owns 63 shares or 0% of their US portfolio. Chicago Equity Prtnrs last reported 0.04% of its portfolio in the stock. Bnp Paribas Arbitrage holds 8,210 shares or 0% of its portfolio. Voya Investment Management Limited owns 42,834 shares or 0% of their US portfolio. Ubs Oconnor Limited Liability Com, a Illinois-based fund reported 1.69M shares. Architects Inc holds 0% or 676 shares in its portfolio. Irving Magee Inv Mgmt has invested 1.48% of its portfolio in MRC Global Inc (NYSE:MRC). D E Shaw & Co holds 0.07% or 2.57 million shares in its portfolio. Aperio Group Incorporated Ltd Limited Liability Company has invested 0% of its portfolio in MRC Global Inc (NYSE:MRC). Alliancebernstein Ltd Partnership accumulated 7.44 million shares or 0.09% of the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 8 selling transactions for $2.26 million net activity. 15,130 shares with value of $227,312 were sold by Krans Gerard Pieter on Thursday, June 9. $79,041 worth of shares were sold by CHURAY DANIEL J on Friday, August 12.
More recent MRC Global Inc (NYSE:MRC) news were published by: Fool.com which released: “MRC Global Inc.’s Revenue Finally Stops Sliding” on November 04, 2016. Also Fool.com published the news titled: “The Awful Oil Market Continues to Beat Against MRC Global Inc.” on August 03, 2016. Prnewswire.com‘s news article titled: “How These Oil & Gas Equipment & Services Stocks are Faring? — Helix Energy …” with publication date: November 07, 2016 was also an interesting one.
MRC Company Profile
MRC Global Inc., incorporated on November 20, 2006, is an industrial distributor of pipe, valves and fittings (PVF) and related services and products to the energy industry. The Firm operates through three divisions: the United States of America, Canada and International. The Firm has branches in principal industrial, hydrocarbon producing and refining areas throughout the United States, Canada, Europe, Asia, Australasia, the Middle East and Kazakhstan. The Firm offers over 230,000 stock keeping units (SKUs), including an array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products from its global network of suppliers. The Firm provides services, such as product testing, maker assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces customized to customer and supplier specifications for tracking and replenishing inventory, engineering of control packages, and valve inspection and repair.
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