Vallourec (OTCMKTS:VLOWY) Shares Gap Down - What's Next?

Key Points

• Vallourec shares opened lower, falling from a previous close of $4.29 to $4.10 before last trading at $4.22 on limited volume of 800 shares.
• Kepler Capital Markets upgraded Vallourec from “hold” to “strong buy.” The two analysts covering the stock rate it either Strong Buy or Buy, giving it a consensus rating of “Strong Buy.”
• The company reported quarterly earnings of $0.04 per share on $1.03 billion in revenue, with a 9.49% net margin and 14.98% return on equity; its market capitalization is approximately $5.70 billion.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s share price gapped down prior to trading on Monday. The stock had previously closed at $4.29, but opened at $4.10. Vallourec shares last traded at $4.22, with a volume of 800 shares changing hands.

Analyst Ratings Changes

Separately, Kepler Capital Markets raised shares of Vallourec from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

Vallourec Stock Performance

The company's 50 day moving average price is $4.26 and its 200-day moving average price is $4.82. The stock has a market cap of $5.70 billion, a P/E ratio of 13.00 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 2.14.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. The business had revenue of $1.03 billion for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%.

Vallourec Company Profile

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.

Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.

Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.

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