Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $5.08, but opened at $5.33. Vallourec shares last traded at $5.54, with a volume of 15,577 shares.

Analyst Ratings Changes

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

Vallourec Price Performance

The business has a 50-day moving average of $4.68 and a two-hundred day moving average of $4.14. The firm has a market cap of $6.47 billion, a P/E ratio of 17.27 and a beta of 0.31. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The business had revenue of $1.21 billion for the quarter. Vallourec had a return on equity of 15.16% and a net margin of 9.40%. On average, sell-side analysts anticipate 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.