Vallourec (OTCMKTS:VLOWY) Hits New 52-Week High – What’s Next?

Vallourec SA (OTCMKTS:VLOWY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $5.22 and last traded at $5.00, with a volume of 15639 shares trading hands. The stock had previously closed at $4.8950.

Wall Street Analyst Weigh In

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

Vallourec Stock Performance

The firm’s fifty day moving average price is $4.56 and its 200 day moving average price is $4.07. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 15.63 and a beta of 0.26.

Vallourec (OTCMKTS:VLOWY) last posted its earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The firm had revenue of $1.21 billion during the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. Analysts forecast that Vallourec SA will post 0.36 EPS for the current fiscal 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.