Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s Why

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $4.8390, but opened at $5.0640. Vallourec shares last traded at $4.97, with a volume of 14,411 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on shares of Vallourec in a report on Monday, December 15th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Vallourec Price Performance

The firm has a market cap of $5.74 billion, a P/E ratio of 15.30 and a beta of 0.27. The business’s fifty day simple moving average is $4.54 and its 200-day simple moving average is $4.06. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. The firm had revenue of $1.21 billion during the quarter. Vallourec had a return on equity of 15.16% and a net margin of 9.40%. As a group, 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.