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Analysts at StockNews.com assumed coverage on shares of MRC Global (NYSE:MRC - Get Rating) in a note issued to investors on Wednesday. The firm set a "hold" rating on the oil and gas company's stock.

MRC has been the subject of a number of other reports. Stifel Nicolaus reduced their price objective on shares of MRC Global from $16.00 to $15.00 in a research note on Tuesday. Benchmark assumed coverage on shares of MRC Global in a research note on Thursday, July 7th. They set a "buy" rating and a $14.00 price objective for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.25.MRC Global Price Performance

Shares of NYSE MRC opened at $8.54 on Wednesday. MRC Global has a twelve month low of $6.38 and a twelve month high of $13.44. The company has a current ratio of 2.01, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $712.94 million, a price-to-earnings ratio of -71.17 and a beta of 2.04. The firm has a 50-day moving average of $9.32 and a two-hundred day moving average of $10.39.

MRC Global (NYSE:MRC - Get Rating) last issued its quarterly earnings results on Monday, August 8th. The oil and gas company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). MRC Global had a net margin of 0.51% and a return on equity of 21.49%. The business had revenue of $848.00 million during the quarter, compared to analyst estimates of $823.48 million. During the same period in the previous year, the company posted $0.08 earnings per share. MRC Global's revenue was up 23.6% compared to the same quarter last year. As a group, analysts expect that MRC Global will post 1 earnings per share for the current fiscal year. Insider Transactions at MRC Global

In other news, SVP Malcolm O'neal sold 3,125 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $9.61, for a total value of $30,031.25. Following the completion of the sale, the senior vice president now directly owns 41,605 shares of the company's stock, valued at $399,824.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.50% of the stock is owned by insiders. Hedge Funds Weigh In On MRC Global

Hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in MRC Global in the first quarter worth approximately $31,000. Lazard Asset Management LLC acquired a new position in MRC Global in the first quarter worth approximately $96,000. Point72 Hong Kong Ltd acquired a new position in MRC Global in the first quarter worth approximately $107,000. Scotia Capital Inc. acquired a new position in MRC Global in the first quarter worth approximately $127,000. Finally, Wedge Capital Management L L P NC acquired a new position in MRC Global in the second quarter worth approximately $107,000. Institutional investors and hedge funds own 96.85% of the company's stock. About MRC Global (Get Rating)

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.Featured ArticlesGet a free copy of the StockNews.com research report on MRC Global (MRC)Is Take-Two Interactive Software Inc. a Q4 Winner? Why All the Buzz Around These 3 Stocks?Is Pfizer Stock Still Worth Buying After the Pandemic? 3 Oil Stocks That Are Heating Back UpCan Texas Pacific Land Corp. Continue its Meteoric Rise?

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