Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Time to Buy?

Vallourec SA (OTCMKTS:VLOWY) gapped up prior to trading on Monday. The stock had previously closed at $3.99, but opened at $4.2250. Vallourec shares last traded at $4.2250, with a volume of 475 shares traded.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised Vallourec from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Vallourec Stock Up 1.2%

The stock’s 50-day moving average price is $4.26 and its 200 day moving average price is $4.82. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 12.82 and a beta of 0.49.

Vallourec (OTCMKTS:VLOWY) last released its earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter.

Vallourec Company Profile

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.

Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.

Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.