MRC Global Inc (NYSE:MRC) has coverage initiated with a Buy rating and $26.00 price target

ME Staff
-
0

Analyst Ratings For MRC Global Inc (NYSE:MRC)

Today, Northcoast Research initiated coverage on MRC Global Inc (NYSE:MRC) with a Buy with a price target of $26.00.

There are 7 Buy Ratings, 1 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on MRC Global Inc (NYSE:MRC) is Buy with a consensus target price of $22.2857 per share, a potential 1.00% downside.

Some recent analyst ratings include

  • 7/31/2018-Northcoast Research initiated coverage with a Buy rating.
  • 2/20/2018-Alembic Global Advisors Reiterated Rating of Buy.
  • 10/9/2017-Robert W. Baird Reiterated Rating of Hold.

Recent Insider Trading Activity For MRC Global Inc (NYSE:MRC)
MRC Global Inc (NYSE:MRC) has insider ownership of 7.00% and institutional ownership of 98.02%.

  • On 5/17/2018 Andrew R Lane, CEO, sold 226,864 with an average share price of $20.49 per share and the total transaction amounting to $4,648,443.36.
  • On 5/10/2018 Andrew R Lane, CEO, sold 177,500 with an average share price of $20.07 per share and the total transaction amounting to $3,562,425.00.
  • On 5/9/2018 Elton Ray Bond, CAO, sold 6,708 with an average share price of $20.16 per share and the total transaction amounting to $135,233.28.
  • On 5/8/2018 Andrew R Lane, CEO, sold 25,801 with an average share price of $19.99 per share and the total transaction amounting to $515,761.99.
  • On 5/3/2018 Andrew R Lane, CEO, sold 293,155 with an average share price of $19.50 per share and the total transaction amounting to $5,716,522.50.
  • On 4/20/2018 Andrew R Lane, CEO, sold 293,155 with an average share price of $19.00 per share and the total transaction amounting to $5,569,945.00.
  • On 4/18/2018 Andrew R Lane, CEO, sold 46,749 with an average share price of $19.00 per share and the total transaction amounting to $888,231.00.

About MRC Global Inc (NYSE:MRC)
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. The company supplies products across various markets, such as upstream, midstream, and downstream. 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 products, and top work components, as well as measurement, steam, and instrumentation products. The company also provides carbon steel fittings and flanges, including carbon weld fittings, flanges, and piping components; stainless, alloy, and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products comprising risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment consisting of high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging, and system interfaces. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.

Recent Trading Activity for MRC Global Inc (NYSE:MRC)
Shares of MRC Global Inc closed the previous trading session at 22.69 up +0.42 1.89% with 22.22 shares trading hands.