Vallourec (OTCMKTS:VLOWY) Trading Up 7.4% – What’s Next?

Vallourec SA (OTCMKTS:VLOWY) was up 7.4% during mid-day trading on Tuesday . The company traded as high as $4.05 and last traded at $4.05. Approximately 9,383 shares traded hands during trading, a decline of 54% from the average daily volume of 20,370 shares. The stock had previously closed at $3.7715.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Vallourec in a research note on Monday. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat, Vallourec has an average rating of “Strong Buy”.

Vallourec Trading Up 2.4%

The firm has a market capitalization of $4.44 billion, a P/E ratio of 10.24 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 stock has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.77.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings data on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. The company had revenue of $1.06 billion for the quarter. On average, equities research analysts forecast that Vallourec SA will post 0.36 EPS for the current fiscal year.

About Vallourec

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.