MRC Global (MRC) : 3 brokerage houses believe that MRC Global (MRC) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on MRC Global (MRC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.33.
MRC Global (MRC) : The most positive equity analysts on MRC Global (MRC) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $16.33 with an expected fluctuation of $1.86 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. MRC Global (NYSE:MRC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.88 and $14.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.84, notching a gain of 0.20% for the day. The total traded volume was 1,360,953 . The stock had closed at $14.81 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Mrc Global Inc., Krans Gerard Pieter had sold 15,130 shares worth of $227,253 in a transaction dated June 9, 2016. In this transaction, 15,130 shares were sold at $15.02 per share.
MRC Global Inc. is a global industrial distributor of pipe, valves and fittings (PVF) and related products and services to the energy industry. The Company offers products that are used in the construction, maintenance, repair and overhaul of equipment used in extreme operating conditions, such as high pressure, high/low temperature and high corrosive and abrasive environments. Its product types include valves, automation and instrumentation, carbon steel fittings and flanges and stainless steel and alloy pipe and fittings, line pipe and oil country tubular goods, among others. The Company offers around 230,000 stock keeping units, including an array of PVF, oilfield supply, automation, instrumentation and other general and specialty industry supply products. The Company operates through its U.S., Canadian, and International segments. It has operations in over 400 service locations. It provides services, such as product testing, volume purchasing and warehousing, among others.