Vallourec (OTCMKTS:VLOWY) Sees Strong Trading Volume – Here’s What Happened

Shares of Vallourec SA (OTCMKTS:VLOWY) saw unusually-high trading volume on Wednesday . Approximately 13,094 shares were traded during trading, an increase of 97% from the previous session’s volume of 6,633 shares.The stock last traded at $3.8540 and had previously closed at $3.97.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Vallourec in a report 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 issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Vallourec Stock Performance

The business has a fifty day moving average price of $3.79 and a 200-day moving average price of $3.78. The stock has a market capitalization of $4.43 billion, a P/E ratio of 10.22 and a beta of 0.39. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY) last released its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (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 during the quarter. On average, sell-side 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.