Vallourec (OTCMKTS:VLOWY) Stock Price Up 7.4% – Here’s Why

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a report on Monday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, Vallourec presently has a consensus rating of “Strong Buy”.

Vallourec Stock Performance

The stock’s 50-day moving average price is $3.79 and its 200-day moving average price is $3.76. 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 company has a market capitalization of $4.75 billion, a P/E ratio of 10.95 and a beta of 0.40.

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

Vallourec Company Profile

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.