Vallourec SA (OTCMKTS:VLOWY) Short Interest Down 85.4% in March

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 4,139 shares, a drop of 85.4% from the March 15th total of 28,279 shares. Based on an average trading volume of 80,747 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

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

Vallourec Price Performance

Vallourec stock opened at $5.39 on Friday. Vallourec has a one year low of $3.26 and a one year high of $5.70. The business has a fifty day moving average price of $4.73 and a 200-day moving average price of $4.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.50. The firm has a market capitalization of $6.32 billion, a P/E ratio of 16.84 and a beta of 0.31.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. Vallourec had a return on equity of 15.10% and a net margin of 9.40%.The firm had revenue of $1.21 billion during the quarter. As a group, equities research analysts forecast that Vallourec 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.