Vallourec (OTCMKTS:VLOWY) Shares Up 4.4% – Time to Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) rose 4.4% on Friday . The company traded as high as $3.94 and last traded at $3.94. Approximately 1,879 shares changed hands during trading, a decline of 91% from the average daily volume of 20,434 shares. The stock had previously closed at $3.7750.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of 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 assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Vallourec Price Performance

The firm has a 50-day moving average of $3.77 and a 200-day moving average of $3.77. The stock has a market cap of $4.38 billion, a PE ratio of 10.11 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share 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. Research analysts predict that Vallourec SA will post 0.36 EPS for the current 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.