MRC Global Inc. (NYSE:MRC) Position Increased by Dark Forest Capital Management LP

Dark Forest Capital Management LP increased its stake in shares of MRC Global Inc. (NYSE:MRC) by 25.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,224 shares of the oil and gas company’s stock after buying an additional 5,458 shares during the quarter. Dark Forest Capital Management LP’s holdings in MRC Global were worth $265,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Swiss National Bank grew its stake in shares of MRC Global by 2.0% in the fourth quarter. Swiss National Bank now owns 201,849 shares of the oil and gas company’s stock worth $2,337,000 after purchasing an additional 3,900 shares in the last quarter. HRT Financial LP bought a new stake in shares of MRC Global during the 4th quarter worth about $278,000. Tower Research Capital LLC TRC lifted its stake in shares of MRC Global by 510.4% in the 1st quarter. Tower Research Capital LLC TRC now owns 24,991 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 20,897 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in shares of MRC Global by 17.5% in the first quarter. Pekin Hardy Strauss Inc. now owns 984,009 shares of the oil and gas company’s stock valued at $9,565,000 after acquiring an additional 146,815 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of MRC Global by 100.2% during the fourth quarter. Raymond James & Associates now owns 52,517 shares of the oil and gas company’s stock valued at $608,000 after acquiring an additional 26,279 shares during the period.

Analyst Upgrades and Downgrades

MRC has been the subject of a number of research reports. Susquehanna decreased their price target on MRC Global from $15.00 to $12.00 in a research note on Wednesday, May 10th. StockNews.com assumed coverage on shares of MRC Global in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. TheStreet upgraded shares of MRC Global from a “c+” rating to a “b-” rating in a research report on Friday, July 14th. Finally, Stephens reiterated an “overweight” rating and issued a $17.00 target price on shares of MRC Global in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $14.67.

MRC Global Price Performance

NYSE MRC opened at $9.75 on Friday. MRC Global Inc. has a 1 year low of $7.03 and a 1 year high of $13.90. The stock’s 50-day moving average price is $10.09 and its two-hundred day moving average price is $9.87. The company has a market cap of $819.12 million, a PE ratio of 10.48 and a beta of 2.20. The company has a current ratio of 2.16, a quick ratio of 1.01 and a debt-to-equity ratio of 0.85.

MRC Global (NYSE:MRC) last released its quarterly earnings results on Monday, August 7th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.11). MRC Global had a net margin of 2.92% and a return on equity of 34.08%. The firm had revenue of $871.00 million for the quarter, compared to analyst estimates of $914.58 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that MRC Global Inc. will post 1.36 EPS for the current year.

About MRC Global

MRC Global Inc, through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the gas utility, energy, and industrial end-markets in the United States, Canada, and internationally. 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, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products.