FY2022 Earnings Forecast for Vallourec S.A. (OTCMKTS:VLOWY) Issued By Jefferies Financial Group

Vallourec S.A. (OTCMKTS:VLOWYGet Rating) – Analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for shares of Vallourec in a report issued on Wednesday, May 4th. Jefferies Financial Group analyst A. Spence now expects that the energy company will earn $0.16 per share for the year, down from their previous estimate of $0.19.

Vallourec (OTCMKTS:VLOWYGet Rating) last issued its earnings results on Thursday, February 24th. The energy company reported $0.09 EPS for the quarter. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Vallourec had a return on equity of 2.74% and a net margin of 1.07%.

Separately, Zacks Investment Research upgraded Vallourec from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Thursday, January 20th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $5.20.

Shares of OTCMKTS:VLOWY opened at $2.50 on Friday. The business has a fifty day moving average of $2.42 and a 200-day moving average of $2.02. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.89. The firm has a market cap of $2.86 billion, a PE ratio of 2.82 and a beta of 2.62. Vallourec has a twelve month low of $1.43 and a twelve month high of $8.00.

Vallourec Company Profile (Get Rating)

Vallourec SA, through its subsidiaries, provides tubular solutions for oil and gas, industry, and power generation in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; casings; tubings; VAM connections; rigid subsea line pipes, onshore rigid line pipes, specialized tubes, and process tubes for transportation of oil and gas; and carbon steel and steel alloy tubes, hollow bars, and connections for the processing of industrial fluids and hydrocarbons.

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