Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s Why
by Jessica Moore · The Cerbat GemVallourec SA (OTCMKTS:VLOWY – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.71, but opened at $3.94. Vallourec shares last traded at $3.94, with a volume of 2,000 shares.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group started coverage on Vallourec in a research report on Monday, December 15th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.
Check Out Our Latest Research Report on Vallourec
Vallourec Stock Up 2.6%
The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 10.49 and a beta of 0.39. The business’s 50 day moving average is $3.78 and its 200 day moving average is $3.78.
Vallourec (OTCMKTS:VLOWY – Get Free Report) last released its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.06 billion during the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%. Equities analysts expect 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.