Vallourec (OTCMKTS:VLOWY) Sets New 52-Week High – Time to Buy?

Vallourec SA (OTCMKTS:VLOWY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $4.70 and last traded at $4.70, with a volume of 1470 shares. The stock had previously closed at $4.16.

Analyst Ratings Changes

Separately, The Goldman Sachs Group started coverage on shares of Vallourec in a report on Monday, December 15th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Vallourec Stock Up 1.3%

The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The firm has a market cap of $5.16 billion, a P/E ratio of 11.89 and a beta of 0.36. The firm’s 50-day moving average price is $3.90 and its 200 day moving average price is $3.82.

Vallourec (OTCMKTS:VLOWY) last issued its quarterly earnings data 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 during the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%. As a group, research analysts expect that Vallourec SA will post 0.36 earnings per share for the current 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.