Vallourec SA (OTCMKTS:VLOWY – Get Free Report) shares rose 4.9% during trading on Friday . The company traded as high as $4.77 and last traded at $4.7465. Approximately 10,996 shares changed hands during trading, a decline of 71% from the average daily volume of 37,872 shares. The stock had previously closed at $4.5235.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group initiated 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 assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.
View Our Latest Research Report on Vallourec
Vallourec Stock Performance
Vallourec (OTCMKTS:VLOWY – Get Free Report) last issued its quarterly earnings results 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. On average, equities analysts predict 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.
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