Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Time to Sell?
by Kim Johansen · The Markets DailyVallourec SA (OTCMKTS:VLOWY – Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $3.95, but opened at $3.71. Vallourec shares last traded at $3.7750, with a volume of 10,318 shares changing hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group began coverage on Vallourec in a research report on Monday, December 15th. They issued 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.
Get Our Latest Analysis on VLOWY
Vallourec Stock Down 3.8%
The firm has a market cap of $4.25 billion, a PE ratio of 9.81 and a beta of 0.40. The company has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $3.77. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27.
Vallourec (OTCMKTS:VLOWY – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The firm had revenue of $1.06 billion during the quarter. Analysts expect that Vallourec SA will post 0.36 earnings per share 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.