Short Interest in Vallourec SA (OTCMKTS:VLOWY) Rises By 34.2%

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 46,093 shares, a growth of 34.2% from the January 15th total of 34,341 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 44,505 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 44,505 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Vallourec in a research note on Monday, December 15th. They issued a “buy” rating on the stock. One 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, the company presently has a consensus rating of “Strong Buy”.

Vallourec Trading Down 4.9%

OTCMKTS:VLOWY opened at $4.43 on Friday. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of 11.97 and a beta of 0.36. The stock has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $3.86. Vallourec has a 1-year low of $3.07 and a 1-year high of $4.76. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY) last issued its earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. The company had revenue of $1.06 billion for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. Sell-side analysts forecast that Vallourec 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.