Vallourec SA (OTCMKTS:VLOWY) Short Interest Update

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 28,279 shares, a drop of 42.7% from the February 26th total of 49,314 shares. Based on an average trading volume of 84,034 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

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

Vallourec Stock Up 3.5%

Vallourec stock opened at $5.01 on Friday. Vallourec has a 12 month low of $3.07 and a 12 month high of $5.07. The stock has a fifty day simple moving average of $4.52 and a two-hundred day simple moving average of $4.05. 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 firm has a market cap of $5.87 billion, a price-to-earnings ratio of 15.66 and a beta of 0.27.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 15.16% and a net margin of 9.40%.The firm had revenue of $1.21 billion for the quarter. Equities analysts predict that Vallourec 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.