Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Time to Buy?

Vallourec SA (OTCMKTS:VLOWY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $3.7575, but opened at $3.95. Vallourec shares last traded at $3.7750, with a volume of 10,434 shares.

Wall Street Analyst Weigh In

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

Vallourec Stock Performance

The company has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $3.77. The company has a market capitalization of $4.42 billion, a PE ratio of 10.20 and a beta of 0.40. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36.

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