Vallourec (OTCMKTS:VLOWY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Vallourec SA (OTCMKTS:VLOWY) saw unusually-high trading volume on Tuesday . Approximately 67,885 shares were traded during mid-day trading, an increase of 92% from the previous session’s volume of 35,321 shares.The stock last traded at $4.5605 and had previously closed at $4.43.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on shares of Vallourec in a report on Monday, December 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Vallourec Stock Performance

The firm’s 50 day simple moving average is $4.04 and its 200-day simple moving average is $3.86. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 12.26 and a beta of 0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13.

Vallourec (OTCMKTS:VLOWY) last issued its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share 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%. Analysts expect that Vallourec SA will post 0.36 EPS 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.