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MRC Global Inc. (NYSE:MRC - Get Rating) shares shot up 1.4% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $14.00 to $16.00. The stock traded as high as $10.90 and last traded at $10.88. 2,087 shares changed hands during trading, a decline of 100% from the average session volume of 762,463 shares. The stock had previously closed at $10.73.

Several other equities analysts have also recently issued reports on MRC. StockNews.com upgraded shares of MRC Global from a "hold" rating to a "buy" rating in a research report on Wednesday, June 8th. TheStreet upgraded shares of MRC Global from a "d+" rating to a "c-" rating in a report on Tuesday, March 15th. Finally, Benchmark started coverage on shares of MRC Global in a report on Thursday. They set a "buy" rating and a $14.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, MRC Global has an average rating of "Buy" and an average price target of $13.50.

Several hedge funds and other institutional investors have recently made changes to their positions in MRC. JPMorgan Chase & Co. grew its stake in shares of MRC Global by 318.0% in the 4th quarter. JPMorgan Chase & Co. now owns 4,685,109 shares of the oil and gas company's stock worth $32,233,000 after buying an additional 3,564,379 shares in the last quarter. Pzena Investment Management LLC lifted its holdings in MRC Global by 58.3% during the 4th quarter. Pzena Investment Management LLC now owns 4,518,807 shares of the oil and gas company's stock valued at $31,089,000 after buying an additional 1,663,744 shares in the last quarter. American Century Companies Inc. lifted its holdings in MRC Global by 12,904.2% during the 1st quarter. American Century Companies Inc. now owns 1,377,016 shares of the oil and gas company's stock valued at $16,400,000 after buying an additional 1,366,427 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of MRC Global in the 1st quarter valued at about $10,955,000. Finally, RK Capital Management LLC bought a new stake in shares of MRC Global in the 1st quarter valued at about $5,598,000. 94.09% of the stock is owned by hedge funds and other institutional investors.

The company has a market cap of $903.29 million, a PE ratio of -46.65 and a beta of 1.98. The company has a current ratio of 1.93, a quick ratio of 0.98 and a debt-to-equity ratio of 0.88. The firm's 50-day simple moving average is $10.51 and its two-hundred day simple moving average is $10.07.

MRC Global (NYSE:MRC - Get Rating) last released its earnings results on Monday, May 9th. The oil and gas company reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The company had revenue of $742.00 million for the quarter, compared to the consensus estimate of $717.48 million. MRC Global had a negative net margin of 0.04% and a positive return on equity of 14.63%. MRC Global's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. As a group, analysts predict that MRC Global Inc. will post 0.77 EPS for the current year.

About MRC Global (NYSE:MRC)

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. 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, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.

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