Analyst Price Target Update on MRC Global (NYSE:MRC)

MRC Global (NYSE:MRC): 6 Analyst have given the stock of MRC Global (NYSE:MRC) a near short term price target of $15.33. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $1.86. The higher price target estimate is at $18 while the lower price estimates are fixed at $13.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, The director, of Mrc Global Inc., Krans Gerard Pieter had unloaded 39,000 shares at $14.5 per share in a transaction on June 6, 2016. The total value of transaction was $565,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

MRC Global (NYSE:MRC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.25 points or 1.75% at $14.02 with 989,773 shares getting traded. Post opening the session at $14.15, the shares hit an intraday low of $13.95 and an intraday high of $14.19 and the price was in this range throughout the day. The company has a market cap of $1,383 million and the number of outstanding shares have been calculated to be 98,650,627 shares. The 52-week high of MRC Global (NYSE:MRC) is $16.1 and the 52-week low is $8.5.

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.

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