Vallourec (OTCMKTS:VLOWY) Shares Up 8.3% - Here's What Happened

Key Points

• Vallourec shares rose 8.3% to $4.32 in Friday midday trading, although volume was 84% below the stock’s average daily level.
• Kepler Capital Markets upgraded Vallourec from “hold” to “strong buy,” giving the stock a consensus rating of “Strong Buy” based on two analyst ratings.
• The company reported quarterly EPS of $0.04 on $1.03 billion in revenue, with a 9.49% net margin and 14.98% return on equity.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) rose 8.3% during mid-day trading on Friday. The company traded as high as $4.32 and last traded at $4.32. 16,308 shares traded hands during trading, a decline of 84% from the average daily volume of 99,063 shares. The stock had previously closed at $3.99.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets raised Vallourec from a "hold" rating to a "strong-buy" rating in a report 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 company's stock. According to data from MarketBeat.com, Vallourec presently has a consensus rating of "Strong Buy".

Vallourec Stock Performance

The stock has a 50-day simple moving average of $4.26 and a 200 day simple moving average of $4.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37. The company has a market capitalization of $5.64 billion, a PE ratio of 12.85 and a beta of 0.49.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last released its earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share (EPS) 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%.

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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