Vallourec (OTCMKTS:VLOWY) Hits New 12-Month High – Should You Buy?

Vallourec SA (OTCMKTS:VLOWY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $4.25 and last traded at $4.25, with a volume of 40088 shares. The stock had previously closed at $3.98.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a 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 assigned a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Vallourec Price Performance

The stock has a 50-day simple moving average of $3.81 and a 200 day simple moving average of $3.80. 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 stock has a market capitalization of $4.91 billion, a P/E ratio of 11.32 and a beta of 0.39.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts forecast that Vallourec SA will post 0.36 earnings per share for the current fiscal year.

About Vallourec

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.