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

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.60, but opened at $4.90. Vallourec shares last traded at $4.76, with a volume of 720 shares changing hands.

Wall Street Analyst Weigh In

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

Vallourec Stock Performance

The firm has a fifty day moving average of $4.34 and a 200-day moving average of $3.96. 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 has a market capitalization of $5.45 billion, a price-to-earnings ratio of 14.54 and a beta of 0.27.

Vallourec (OTCMKTS:VLOWY) last issued its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share 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%. As a group, sell-side analysts anticipate 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.