MRC Global
About: MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.
Employees: 2,800
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
730% more call options, than puts
Call options by funds: $390K | Put options by funds: $47K
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0.57% less ownership
Funds ownership: 95.51% [Q2] → 94.94% (-0.57%) [Q3]
2% less capital invested
Capital invested by funds: $1.05B [Q2] → $1.03B (-$18.1M) [Q3]
10% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 31
2% less funds holding
Funds holding: 195 [Q2] → 192 (-3) [Q3]
12% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 68
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Susquehanna Charles Minervino 29% 1-year accuracy 19 / 66 met price target | 35%upside $17 | Positive Maintained | 7 Nov 2024 |
Stifel Nathan Jones 65% 1-year accuracy 45 / 69 met price target | 20%upside $15 | Buy Maintained | 15 Oct 2024 |
Financial journalist opinion
Based on 5 articles about MRC published over the past 30 days
