MRC Global Inc (NYSE:MRC) has received a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $20.67.

MRC has been the topic of several recent analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $20.00 target price on shares of MRC Global in a report on Tuesday, October 17th. Zacks Investment Research lowered shares of MRC Global from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Cowen dropped their target price on shares of MRC Global from $24.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. ValuEngine lowered shares of MRC Global from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Susquehanna Bancshares set a $21.00 target price on shares of MRC Global and gave the company a “buy” rating in a report on Friday, January 12th.

In other news, CEO Andrew R. Lane sold 180,621 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $19.00, for a total transaction of $3,431,799.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew R. Lane sold 293,154 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $19.00, for a total transaction of $5,569,926.00. The disclosure for this sale can be found here. 6.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BP Capital Fund Advisors LLC raised its holdings in shares of MRC Global by 39.8% during the fourth quarter. BP Capital Fund Advisors LLC now owns 287,568 shares of the oil and gas company’s stock valued at $4,866,000 after purchasing an additional 81,872 shares during the period. Mackenzie Financial Corp raised its holdings in shares of MRC Global by 10.0% during the fourth quarter. Mackenzie Financial Corp now owns 976,000 shares of the oil and gas company’s stock valued at $16,514,000 after purchasing an additional 89,000 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in shares of MRC Global by 12.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,250,443 shares of the oil and gas company’s stock valued at $71,917,000 after purchasing an additional 468,457 shares during the period. UBS Asset Management Americas Inc. raised its holdings in shares of MRC Global by 13.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 93,012 shares of the oil and gas company’s stock valued at $1,574,000 after purchasing an additional 10,778 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of MRC Global by 2.3% during the fourth quarter. California Public Employees Retirement System now owns 326,693 shares of the oil and gas company’s stock valued at $5,528,000 after purchasing an additional 7,333 shares during the period. Hedge funds and other institutional investors own 91.93% of the company’s stock.

MRC Global (NYSE MRC) traded up $0.11 during mid-day trading on Tuesday, reaching $16.29. 273,145 shares of the company traded hands, compared to its average volume of 608,043. The firm has a market capitalization of $1,512.54, a price-to-earnings ratio of -58.03, a price-to-earnings-growth ratio of 1.69 and a beta of 1.56. The company has a current ratio of 2.31, a quick ratio of 1.16 and a debt-to-equity ratio of 0.57. MRC Global has a 1-year low of $14.01 and a 1-year high of $22.20.

MRC Global declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 2nd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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About MRC Global

MRC Global Inc is an industrial distributor of pipe, valves and fittings and related products and services to the energy industry. The Company’s segments include the U.S., Canada and International. Its U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

Analyst Recommendations for MRC Global (NYSE:MRC)

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