MRC Global Inc (NYSE:MRC) Sentiment Improved in 2017 Q4

May 16, 2018 - By Winifred Garcia

Sentiment for MRC Global Inc (NYSE:MRC)

MRC Global Inc (NYSE:MRC) institutional sentiment increased to 1.01 in 2017 Q4. Its up 0.01, from 1 in 2017Q3. The ratio is positive, as 73 investment managers increased or started new positions, while 72 decreased and sold their stakes in MRC Global Inc. The investment managers in our partner’s database now hold: 87.05 million shares, down from 88.03 million shares in 2017Q3. Also, the number of investment managers holding MRC Global Inc in their top 10 positions increased from 0 to 2 for an increase of 2. Sold All: 24 Reduced: 48 Increased: 58 New Position: 15.

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related services and products to the energy industry in the United States, Canada, and internationally. The company has market cap of $1.83 billion. The firm supplies products across various markets, such as upstream, midstream, and downstream. It has a 75.44 P/E ratio. 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 stock increased 0.20% or $0.04 during the last trading session, reaching $20.37. About 211,459 shares traded. MRC Global Inc. (NYSE:MRC) has declined 7.82% since May 16, 2017 and is downtrending. It has underperformed by 19.37% the S&P500.

Analysts await MRC Global Inc. (NYSE:MRC) to report earnings on August, 2. They expect $0.21 EPS, up 950.00 % or $0.19 from last year’s $0.02 per share. MRC’s profit will be $18.84M for 24.25 P/E if the $0.21 EPS becomes a reality. After $0.13 actual EPS reported by MRC Global Inc. for the previous quarter, Wall Street now forecasts 61.54 % EPS growth.

Mcclain Value Management Llc holds 5.39% of its portfolio in MRC Global Inc. for 241,224 shares. Schneider Capital Management Corp owns 392,176 shares or 1.46% of their US portfolio. Moreover, Impax Asset Management Llc has 1.42% invested in the company for 1.46 million shares. The United Kingdom-based Ardevora Asset Management Llp has invested 1.08% in the stock. Fortaleza Asset Management Inc, a Illinois-based fund reported 8,300 shares.

Since January 1, 0001, it had 0 insider buys, and 6 sales for $20.61 million activity.

MRC Global Inc. (NYSE:MRC) Ratings Coverage

Ratings analysis reveals 100% of MRC Global’s analysts are positive. Out of 4 Wall Street analysts rating MRC Global, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $18.0 while the high is $24.0. The stock’s average target of $22.33 is 9.62% above today’s ($20.37) share price. MRC was included in 8 notes of analysts from December 10, 2017. The stock has “Buy” rating by Susquehanna on Friday, January 12. The firm has “Buy” rating by Stephens given on Friday, February 16. On Tuesday, January 16 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of MRC Global Inc. (NYSE:MRC) earned “Buy” rating by Stifel Nicolaus on Friday, May 4. On Monday, April 16 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Buy” rating by Susquehanna given on Friday, April 13. The stock of MRC Global Inc. (NYSE:MRC) has “Buy” rating given on Sunday, December 10 by Stifel Nicolaus.

More news for MRC Global Inc. (NYSE:MRC) were recently published by: Globenewswire.com, which released: “Factors of Influence in 2018, Key Indicators and Opportunity within Cognex, MRC Global, Fulton Financial, Synovus …” on May 14, 2018. Seekingalpha.com‘s article titled: “MRC Global 2018 Q1 – Results – Earnings Call Slides” and published on May 04, 2018 is yet another important article.

MRC Global Inc. (NYSE:MRC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Deepwater discovery in Mexican Gulf by Shell

Deepwater discovery in Mexican Gulf by Shell

Kelly Oliver

Recently one of the biggest oil companies in the world Shell has made big exploration of deep waters in the Gulf of Mexico. Researching took place 13 miles from Appomattox Shell’s project, which will start its production in the 2019 year, according to previous plans. Receive News & Ratings Via Email - ...

New recycling program for Boise

New recycling program for Boise

Ellis Scott

The new program is called Hefty EnergyBag Program. It was recently announced in Boise. Although it was made for help with recycling, there is confusion and many questions about it. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Smart countryside as the key to the future

Smart countryside as the key to the future

Edwin Martin

So-called “smart cities” are usually taken as an example of the future for cities. The rise in the capacity for more information can help us to solve problems on the environmental and human scale. It will be possible with saving of energy and traffic regulations. Receive News & Ratings Via Email - ...

Pollution in the real-time observation

Pollution in the real-time observation

Dolores Ford

New technology made in Utah can provide the results of pollution in the real time. It can be used by environmental researchers who want to receive a clear view of toxins in the air. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary ...

The red tape for commercial space flight is cut by Donald Trump

The red tape for commercial space flight is cut by Donald Trump

Darrin Black

Donald Trump, the 45th current president of the USA, wants commercial flight into space get real. He looks for boosting of space flights before it can be done by China. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Roop

Thomas Hertog, the theoretical physicist told the press about his experience from the work with Stephen Hawking, his implication on Hertog’s new ideas, and their collaboration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Thomas Roop

While NASA celebrates its new creation, some experts believe it can’t work because of simple violations of the third law of Newton. It was called Impossible after it broke this law. However, further experiments show that it could have happened only because of errors in previous tests. Receive News & Ratings Via ...

New species in 2018

New species in 2018

Peter Erickson

ESF names animals, plants, and microbes that were able to survive instead of all predictions. There are big, small, beautiful, and weird. They have different groups, they are different species and even from different kingdoms. They are all united by their ability to survive and be discovered by scientists. Receive News & ...

Small helicopter on Mars

Small helicopter on Mars

Paul Bridgeforth

There will be a new feature for Mars of 2020. This invention is compared to the bold experiment of Wright Brothers almost 117 years ago. While they have shown that people can fly on Earth, the new invention will make flights possible on Mars. Receive News & Ratings Via Email - Enter ...

New El Niño is coming in 2018

New El Niño is coming in 2018

Orlando Souther

It predicts more natural disasters and unexpected weather conditions for the next year. Researchers say that there will be wildfires, droughts, and scorching temps for the next 12 months. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and ...