Is there a Bearish outlook for MRC Global Inc (NYSE:MRC) this week?

July 18, 2017 - By Adrian Mccoy

 Is there a Bearish outlook for MRC Global Inc (NYSE:MRC) this week?
Investors sentiment increased to 1.22 in 2016 Q4. Its up 0.17, from 1.05 in 2016Q3. It increased, as 18 investors sold MRC Global Inc shares while 60 reduced holdings. 40 funds opened positions while 55 raised stakes. 92.11 million shares or 0.38% less from 92.46 million shares in 2016Q3 were reported.
Redwood Invs Lc invested in 0.01% or 7,683 shares. Credit Agricole S A holds 0% or 14,195 shares. 956,118 are owned by Deutsche Bankshares Ag. Fund Mngmt reported 0.06% stake. Irving Magee Invest Mgmt reported 213,068 shares. Paloma Prns Management Co holds 0.03% of its portfolio in MRC Global Inc (NYSE:MRC) for 149,068 shares. 290,284 were reported by State Common Retirement Fund. Prudential Fincl Inc reported 38,290 shares stake. Robeco Institutional Asset Bv holds 451,571 shares or 0.07% of its portfolio. 759,045 were accumulated by Bokf Na. Moreover, Blackrock Advisors Limited Liability Corporation has 0% invested in MRC Global Inc (NYSE:MRC) for 135,351 shares. Renaissance Techs Limited Liability Corporation invested in 0.04% or 1.25M shares. Gsa Ptnrs Ltd Liability Partnership reported 76,818 shares. Federated Investors Inc Pa reported 1.86 million shares stake. Malaga Cove Capital Ltd Liability has 1.38% invested in MRC Global Inc (NYSE:MRC).

Since February 17, 2017, it had 0 insider purchases, and 1 sale for $65,611 activity. CHURAY DANIEL J had sold 3,080 shares worth $65,611 on Friday, February 17.

MRC Global Inc (NYSE:MRC) Ratings Coverage

Among 12 analysts covering MRC Global (NYSE:MRC), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. MRC Global had 20 analyst reports since August 6, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of MRC in report on Thursday, July 6 with “Buy” rating. The stock of MRC Global Inc (NYSE:MRC) has “Sector Weight” rating given on Friday, December 18 by KeyBanc Capital Markets. Longbow downgraded MRC Global Inc (NYSE:MRC) on Thursday, February 25 to “Neutral” rating. The rating was maintained by Maxim Group with “Buy” on Thursday, August 6. The stock of MRC Global Inc (NYSE:MRC) earned “Sector Perform” rating by KeyBanc Capital Markets on Monday, November 9. The rating was initiated by CapitalOne on Tuesday, December 29 with “Overweight”. Maxim Group downgraded the stock to “Hold” rating in Tuesday, November 10 report. As per Thursday, August 4, the company rating was upgraded by Maxim Group. Seaport Global Securities upgraded MRC Global Inc (NYSE:MRC) rating on Tuesday, February 21. Seaport Global Securities has “Buy” rating and $25 target. Seaport Global downgraded the stock to “Hold” rating in Wednesday, June 21 report. Below is a list of MRC Global Inc (NYSE:MRC) latest ratings and price target changes.

14/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $19.0000 Maintain
07/07/2017 Broker: Cowen & Co Rating: Buy New Target: $20.0000 Maintain
06/07/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $22.0000 Maintain
21/06/2017 Broker: Seaport Global Rating: Hold New Target: $17.0000 Downgrade
06/06/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $22 Initiates Coverage On
29/05/2017 Broker: KeyCorp Rating: Sector Weight Maintain
26/05/2017 Broker: KeyBanc Capital Markets Old Rating: Sector Weight New Rating: Sector Weight Initiates Coverage On
11/04/2017 Broker: Susquehanna Rating: Positive Initiate
21/02/2017 Broker: Seaport Global Securities Old Rating: Neutral New Rating: Buy Old Target: $14 New Target: $25 Upgrade

The stock decreased 1.76% or $0.3 on July 17, reaching $16.76. About shares traded. MRC Global Inc (NYSE:MRC) has risen 52.93% since July 18, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.

MRC Global Inc. is an industrial distributor of pipe, valves and fittings and related services and products to the energy industry. The company has market cap of $1.56 billion. The Company’s divisions include the U.S., Canada and International. It currently has negative earnings. The Company’s U.S. segment includes the United States Eastern Region and Gulf Coast, and the United States Western Region.

More news for MRC Global Inc (NYSE:MRC) were recently published by: Prnewswire.com, which released: “MRC Global Renews Integrated Supply Agreement with NiSource Inc.” on July 17, 2017. Prnewswire.com‘s article titled: “Pre-Market Technical Pulse on Oil and Gas Stocks — MRC Global, Dril-Quip …” and published on July 07, 2017 is yet another important article.

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