MRC Global CFO James E. Braun Acquires 1,000 Shares (MRC)
MRC Global (NYSE:MRC) CFO James E. Braun purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $24.60 per share, with a total value of $24,600.00. Following the transaction, the chief financial officer now directly owns 35,878 shares of the company’s stock, valued at approximately $882,599. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at BB&T Corp. reiterated a “buy” rating on shares of MRC Global in a research note on Tuesday, August 5th. They now have a $32.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of MRC Global from a “neutral” rating to a “positive” rating in a research note on Monday, August 4th. They now have a $28.00 price target on the stock, down previously from $31.00. Finally, analysts at Bank of America upgraded shares of MRC Global from an “underperform” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $30.00 price target on the stock, up previously from $27.00. Nine equities research analysts have rated the stock with a buy rating, MRC Global currently has a consensus rating of “Buy” and a consensus target price of $33.00.
MRC Global (NYSE:MRC) traded down 0.26% during mid-day trading on Wednesday, hitting $24.805. The stock had a trading volume of 83,322 shares. MRC Global has a 1-year low of $24.11 and a 1-year high of $32.70. The stock has a 50-day moving average of $26.63 and a 200-day moving average of $27.47. The company has a market cap of $2.531 billion and a price-to-earnings ratio of 20.55.
MRC Global (NYSE:MRC) last released its earnings data on Thursday, July 31st. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. MRC Global’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that MRC Global will post $1.61 earnings per share for the current fiscal year.
MRC Global Inc is a distributor of pipe, valves and fittings and related products and services to the energy industry.
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