Vallourec (OTCMKTS:VLOWY) Sets New 1-Year High – Should You Buy?

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

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 research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Vallourec currently has an average rating of “Strong Buy”.

Vallourec Price Performance

The stock’s 50 day moving average is $4.48 and its two-hundred day moving average is $4.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27. The stock has a market capitalization of $5.77 billion, a PE ratio of 15.39 and a beta of 0.27.

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