Vallourec (OTCMKTS:VLOWY) Trading Up 6.3% – Still a Buy?

Vallourec SA (OTCMKTS:VLOWY)’s stock price shot up 6.3% during trading on Friday . The stock traded as high as $5.66 and last traded at $5.40. 1,622 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 38,030 shares. The stock had previously closed at $5.08.

Analysts Set New Price Targets

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

Vallourec Price Performance

The business’s 50 day moving average price is $4.73 and its 200-day moving average price is $4.16. The company has a quick ratio of 1.50, a current ratio of 2.31 and a debt-to-equity ratio of 0.34. The company has a market cap of $6.32 billion, a PE ratio of 16.84 and a beta of 0.31.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.10%. The business had revenue of $1.21 billion during the quarter. As a group, analysts forecast that Vallourec SA will post 0.36 earnings per share for the current 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.