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

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

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

Vallourec Stock Up 4.8%

The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.76 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. The business has a 50-day moving average price of $3.83 and a 200-day moving average price of $3.81.

Vallourec (OTCMKTS:VLOWY) last released its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. The business had revenue of $1.06 billion during the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%. As a group, equities analysts anticipate that Vallourec SA will post 0.36 earnings per share for the current fiscal 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.