Vallourec (OTCMKTS:VLOWY) Reaches New 52-Week High – Here’s Why

Vallourec SA (OTCMKTS:VLOWY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $4.76 and last traded at $4.66, with a volume of 18344 shares changing hands. The stock had previously closed at $4.56.

Analyst Ratings Changes

Separately, The Goldman Sachs Group assumed coverage on shares of Vallourec in a research note on Monday, December 15th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

Vallourec Trading Down 1.3%

The stock has a market cap of $5.27 billion, a PE ratio of 12.16 and a beta of 0.36. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average price is $4.00 and its 200 day moving average price is $3.85.

Vallourec (OTCMKTS:VLOWY) last posted its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $1.06 billion for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. On average, sell-side analysts forecast that Vallourec SA will post 0.36 EPS for the current 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.