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

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped up prior to trading on Tuesday . The stock had previously closed at $3.71, but opened at $3.94. Vallourec shares last traded at $3.94, with a volume of 2,000 shares changing hands.

Wall Street Analyst Weigh In

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

Vallourec Stock Down 2.5%

The company has a market cap of $4.53 billion, a P/E ratio of 10.46 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27. The business’s 50 day moving average price is $3.78 and its 200-day moving average price is $3.78.

Vallourec (OTCMKTS:VLOWY) last released its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The business had revenue of $1.06 billion for the quarter. On average, analysts anticipate that Vallourec SA will post 0.36 earnings per share for the current fiscal year.

About Vallourec

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.