Vallourec (OTCMKTS:VLOWY) Reaches New 12-Month High – Still a Buy?

Vallourec SA (OTCMKTS:VLOWY)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $4.76 and last traded at $4.66, with a volume of 18344 shares trading hands. The stock had previously closed at $4.56.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on Vallourec in a research note on Monday, December 15th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Vallourec presently has an average rating of “Strong Buy”.

Vallourec Price Performance

The business’s fifty day moving average is $4.03 and its 200 day moving average is $3.86. The company has a market cap of $5.19 billion, a P/E ratio of 11.97 and a beta of 0.36. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY) last released its earnings results 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 business had revenue of $1.06 billion during the quarter. As a group, sell-side analysts anticipate that Vallourec SA will post 0.36 EPS for the current 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.