Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s Why

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped up prior to trading on Friday . The stock had previously closed at $4.8390, but opened at $5.0640. Vallourec shares last traded at $4.97, with a volume of 14,411 shares trading hands.

Analysts Set New Price Targets

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

Vallourec Stock Performance

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 company has a 50-day moving average price of $4.52 and a 200-day moving average price of $4.05. The firm has a market capitalization of $5.90 billion, a price-to-earnings ratio of 15.74 and a beta of 0.27.

Vallourec (OTCMKTS:VLOWY) last posted its earnings results on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. The firm had revenue of $1.21 billion for the quarter. Vallourec had a return on equity of 15.16% and a net margin of 9.40%. As a group, equities research analysts forecast that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Company Profile

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.