Vallourec (OTCMKTS:VLOWY) Reaches New 52-Week High – Still a Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.07 and last traded at $4.89, with a volume of 13391 shares. The stock had previously closed at $4.84.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on Vallourec in a research note on Monday, December 15th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, Vallourec currently has a consensus rating of “Strong Buy”.

Vallourec Stock Performance

The company has a market cap of $5.87 billion, a price-to-earnings ratio of 15.66 and a beta of 0.27. The firm’s 50 day simple moving average is $4.52 and its 200-day simple moving average is $4.05. 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) last issued its earnings results on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. The business had revenue of $1.21 billion during the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. On average, sell-side analysts predict 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.