Vallourec (OTCMKTS:VLOWY) Trading 4.4% Higher – Here’s Why
by Teresa Graham · The Cerbat GemVallourec SA (OTCMKTS:VLOWY – Get Free Report)’s share price traded up 4.4% during mid-day trading on Friday . The company traded as high as $3.94 and last traded at $3.94. 1,879 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 20,434 shares. The stock had previously closed at $3.7750.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a research note on Monday, December 15th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, Vallourec currently has an average rating of “Strong Buy”.
View Our Latest Research Report on Vallourec
Vallourec Price Performance
The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 10.65 and a beta of 0.40. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $3.77 and its 200 day moving average is $3.77.
Vallourec (OTCMKTS:VLOWY – Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The company had revenue of $1.06 billion for the quarter. Research analysts anticipate that Vallourec SA will post 0.36 EPS for the current fiscal year.
About Vallourec
Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.
The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.