Vallourec (OTCMKTS:VLOWY) Sees Large Volume Increase – What’s Next?

Shares of Vallourec SA (OTCMKTS:VLOWY) saw strong trading volume on Tuesday . 14,577 shares traded hands during trading, a decline of 7% from the previous session’s volume of 15,700 shares.The stock last traded at $4.00 and had previously closed at $3.98.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on Vallourec in a research report on Monday, December 15th. They issued 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Vallourec Price Performance

The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.89 and a beta of 0.39. The company’s 50-day simple moving average is $3.81 and its 200-day simple moving average is $3.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. The company had revenue of $1.06 billion for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%. Research analysts forecast that Vallourec SA will post 0.36 earnings per share 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.