Vallourec (OTCMKTS:VLOWY) Reaches New 12-Month High – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $5.36 and last traded at $5.2520, with a volume of 8470 shares changing hands. The stock had previously closed at $5.1612.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on Vallourec in a research report on Monday, December 15th. They set a “buy” rating on the stock. One investment 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, Vallourec has a consensus rating of “Strong Buy”.

Vallourec Price Performance

The stock has a 50-day simple moving average of $4.67 and a 200 day simple moving average of $4.13. The company has a market cap of $5.88 billion, a PE ratio of 15.69 and a beta of 0.31. 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 released its quarterly earnings results 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 return on equity of 15.16% and a net margin of 9.40%. Equities analysts expect 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.