Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Still a Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped up prior to trading on Wednesday . The stock had previously closed at $4.60, but opened at $4.90. Vallourec shares last traded at $4.76, with a volume of 720 shares traded.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a research note on Monday, December 15th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Vallourec Trading Up 0.7%

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 company has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $3.97. The firm has a market cap of $5.39 billion, a PE ratio of 14.38 and a beta of 0.27.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 15.16% and a net margin of 9.40%.The firm had revenue of $1.21 billion during the quarter. Analysts expect that Vallourec SA will post 0.36 EPS 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.