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

Vallourec SA (OTCMKTS:VLOWY) gapped up before the market opened on Friday . The stock had previously closed at $4.15, but opened at $4.57. Vallourec shares last traded at $4.4250, with a volume of 6,622 shares changing hands.

Analysts Set New Price Targets

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

Vallourec Stock Up 2.7%

The company has a market cap of $4.99 billion, a P/E ratio of 11.51 and a beta of 0.39. 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 business’s fifty day moving average is $3.82 and its two-hundred day moving average is $3.80.

Vallourec (OTCMKTS:VLOWY) last issued its earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. The business had revenue of $1.06 billion for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. Equities analysts predict 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.