Vallourec (OTCMKTS:VLOWY) Shares Gap Up - Should You Buy?

Key Points

• Vallourec shares jumped 3%, opening at $4.2250 compared with a previous close of $3.99, though trading volume was very low at 475 shares.
• Kepler Capital Markets upgraded Vallourec from “hold” to “strong buy.” The two analysts covering the stock now give it a consensus “strong buy” rating.
• Vallourec reported quarterly EPS of $0.04 on $1.03 billion in revenue, with a 9.49% net margin and 14.98% return on equity. The company has relatively modest leverage, with a debt-to-equity ratio of 0.27.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s share price gapped up prior to trading on Monday. The stock had previously closed at $3.99, but opened at $4.2250. Vallourec shares last traded at $4.2250, with a volume of 475 shares changing hands.

Analyst Ratings Changes

Separately, Kepler Capital Markets upgraded shares of Vallourec from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Strong Buy".

Vallourec Stock Up 3.0%

The business has a 50-day simple moving average of $4.26 and a two-hundred day simple moving average of $4.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 2.14. The company has a market capitalization of $5.56 billion, a price-to-earnings ratio of 12.67 and a beta of 0.49.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The company 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%.

About Vallourec

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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