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MRC Global (NYSE:MRC) CFO James E. Braun acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $24.60 per share, for a total transaction of $24,600.00. Following the completion of the acquisition, the chief financial officer now directly owns 35,878 shares in the company, valued at approximately $882,599. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Shares of MRC Global (NYSE:MRC) opened at 24.92 on Thursday. MRC Global has a 52 week low of $24.11 and a 52 week high of $32.70. The stock has a 50-day moving average of $26.53 and a 200-day moving average of $27.45. The company has a market cap of $2.542 billion and a P/E ratio of 20.55.

MRC Global (NYSE:MRC) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.42 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts predict that MRC Global will post $1.61 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on MRC shares. 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 investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average price target of $33.00.

MRC Global Inc is a distributor of pipe, valves and fittings and related products and services to the energy industry.

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