Vallourec (OTCMKTS:VLOWY) Shares Gap Down – What’s Next?

Vallourec SA (OTCMKTS:VLOWY) gapped down prior to trading on Tuesday . The stock had previously closed at $4.35, but opened at $4.12. Vallourec shares last traded at $4.34, with a volume of 767 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on shares of Vallourec in a research report on Monday, December 15th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Vallourec Stock Performance

The business has a 50 day moving average of $3.84 and a 200-day moving average of $3.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13. The company has a market capitalization of $4.95 billion, a P/E ratio of 11.43 and a beta of 0.39.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. The firm had revenue of $1.06 billion during the quarter. On average, sell-side analysts predict that Vallourec SA will post 0.36 EPS for the current fiscal year.

Vallourec Company Profile

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.