Vallourec (OTCMKTS:VLOWY) Trading Down 5.5% – Time to Sell?

by · The Cerbat Gem

Vallourec SA (OTCMKTS:VLOWY – Get Free Report)’s stock price traded down 5.5% during mid-day trading on Friday . The company traded as low as $3.58 and last traded at $3.58. 23,950 shares changed hands during mid-day trading, an increase of 17% from the average session volume of 20,460 shares. The stock had previously closed at $3.79.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on shares of Vallourec in a research report on Monday. They set a “buy” rating for the company. One 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, Vallourec currently has a consensus rating of “Strong Buy”.

Check Out Our Latest Analysis on Vallourec

Vallourec Trading Up 0.4%

The firm has a 50 day simple moving average of $3.78 and a two-hundred day simple moving average of $3.77. The firm has a market capitalization of $4.46 billion, a P/E ratio of 10.28 and a beta of 0.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13.

Vallourec (OTCMKTS:VLOWY – Get Free Report) last released its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. The company had revenue of $1.06 billion for the quarter. Equities research analysts forecast that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Company Profile

(Get Free Report)

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.

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