MRC Global (MRC) Shares are Down -1.18%

MRC Global (MRC) has risen sharply, recording gains of 13.83% in the past 4 weeks. However, the stock has corrected -1.18% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 14.07% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.95% and the fifty day Moving Average is 6.7%. MRC Global Inc. is up 8.74% in the last three month period. Year-to-Date the stock performance stands at 16.74%.

MRC Global (MRC) : The most positive equity analysts on MRC Global (MRC) expects the shares to touch $18, whereas, the least positive believes that the stock will trade at $13 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $16 with an expected fluctuation of $1.87 from the mean.


MRC Global (NYSE:MRC): stock turned positive on Friday. Though the stock opened at $15.04, the bulls momentum made the stock top out at $15.34 level for the day. The stock recorded a low of $14.88 and closed the trading day at $15.06, in the green by 0.33%. The total traded volume for the day was 663,668. The stock had closed at $15.01 in the previous days trading.

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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