Vallourec (OTCMKTS:VLOWY) Rating Lowered to Hold at Zacks Investment Research

Vallourec (OTCMKTS:VLOWYGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Zacks.com reports.

According to Zacks, “Vallourec SA, provides tubular solutions primarily to the energy markets and industrial applications worldwide. Its products are used by the automobile, oil and gas refining, petrochemical, transport mechanical, construction, and aerospace industries. Vallourec offers various products such as tubes and accessories for drill strings, including drill pipes, drill collars, and heavy-weight drill pipes, tubes for well equipment, standard or premium connections and underwater line-pipe. It also produces furnace tubes, heat exchanger tubes, and fittings for pipework. Vallourec SA, is headquartered in Boulogne-Billancourt, France. “

VLOWY stock traded down $0.00 during trading on Friday, reaching $2.50. 7,499 shares of the company were exchanged, compared to its average volume of 7,010. Vallourec has a 52-week low of $1.43 and a 52-week high of $8.00. The company has a market cap of $2.86 billion, a P/E ratio of 2.87 and a beta of 2.62. 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 stock’s 50 day moving average price is $2.42 and its 200 day moving average price is $2.03.

Vallourec (OTCMKTS:VLOWYGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The energy company reported $0.09 earnings per share (EPS) for the quarter. Vallourec had a net margin of 1.07% and a return on equity of 2.74%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts forecast that Vallourec will post 0.16 EPS for the current year.

About Vallourec (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.

Further Reading

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Analyst Recommendations for Vallourec (OTCMKTS:VLOWY)

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