Vallourec (OTCMKTS:VLOWY) Stock Price Down 6.3% – What’s Next?

Vallourec SA (OTCMKTS:VLOWY) shares dropped 6.3% on Thursday . The stock traded as low as $4.00 and last traded at $4.00. Approximately 9,222 shares were traded during trading, a decline of 51% from the average daily volume of 18,763 shares. The stock had previously closed at $4.27.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group began coverage on Vallourec in a research note on Monday, December 15th. They set a “buy” rating on the stock. One equities research 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 company currently has an average rating of “Strong Buy”.

Vallourec Price Performance

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 company has a 50-day moving average of $3.83 and a 200-day moving average of $3.81. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 11.76 and a beta of 0.39.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Friday, November 14th. The energy company reported $0.12 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 for the quarter. As a group, equities research 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.