Today, the President & CEO of MRC Global (NYSE: MRC), Andrew R. Lane, sold shares of MRC for $3.56M.
In addition to Andrew R. Lane, one other MRC executive reported Sell trades in the last month.
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Based on MRC Global’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.01 billion and quarterly net profit of $18 million. In comparison, last year the company earned revenue of $862 million and had a net profit of $6 million. MRC’s market cap is $1.81B and the company has a P/E ratio of 49.20. Currently, MRC Global has an average volume of 624.5K.
Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $21.60, reflecting a -7.5% downside.
The insider sentiment on MRC Global has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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MRC Global, Inc. is a holding company which is engaged in the distribution of pipes, valves, fittings, and related products and services to the energy industry. The company operates through the following geographical segments: U.S., Canadian, and International Operations.
