Vallourec’s (VLOWY) “Underweight” Rating Reaffirmed at Barclays

Vallourec (OTCMKTS:VLOWY)‘s stock had its “underweight” rating restated by Barclays in a research report issued to clients and investors on Thursday, The Fly reports.

A number of other research analysts also recently issued reports on VLOWY. Oddo Bhf raised shares of Vallourec from a “neutral” rating to an “outperform” rating in a research report on Friday, July 9th. Jefferies Financial Group raised shares of Vallourec from a “hold” rating to a “buy” rating in a research report on Tuesday, June 29th. Societe Generale upgraded shares of Vallourec from a “hold” rating to a “buy” rating in a report on Tuesday, June 22nd. Zacks Investment Research cut shares of Vallourec from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Kepler Capital Markets upgraded shares of Vallourec from a “reduce” rating to a “hold” rating and set a $8.40 target price on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.20.

Vallourec stock traded up $0.15 during mid-day trading on Thursday, reaching $1.95. 1,323 shares of the company traded hands, compared to its average volume of 3,704. The company has a debt-to-equity ratio of 2.29, a current ratio of 0.63 and a quick ratio of 0.47. The stock’s 50 day moving average price is $5.69. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of -0.17 and a beta of 2.98. Vallourec has a 52-week low of $1.67 and a 52-week high of $9.93.

Vallourec (OTCMKTS:VLOWY) last issued its quarterly earnings data on Thursday, May 20th. The energy company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $842.43 million for the quarter, compared to analysts’ expectations of $1.05 billion. Vallourec had a negative net margin of 39.32% and a negative return on equity of 63.70%. As a group, analysts anticipate that Vallourec will post -1.29 EPS for the current fiscal year.

Vallourec Company Profile

Vallourec SA, through its subsidiaries, provides tubular solutions for oil and gas, industry, and power generation in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; casings; tubings; VAM connections; rigid subsea line pipes, onshore rigid line pipes, specialized tubes, and process tubes for transportation of oil and gas; and carbon steel and steel alloy tubes, hollow bars, and connections for the processing of industrial fluids and hydrocarbons.

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Analyst Recommendations for Vallourec (OTCMKTS:VLOWY)

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