Vallourec (OTCMKTS:VLOWY) Announces Earnings Results

Key Points

• Vallourec reported a quarterly earnings per share (EPS) of $0.04, achieving a net margin of 10.72% and a return on equity of 17.16%.
• The company declared a dividend of $0.2546 per share, resulting in a dividend yield of 6.36% and a payout ratio of 68.42%.
• Shares of Vallourec have been upgraded to a "strong-buy" rating by Sanford C. Bernstein, indicating strong investor confidence in the stock.

Vallourec (OTCMKTS:VLOWY - Get Free Report) released its earnings results on Friday. The energy company reported $0.04 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $979.19 million during the quarter. Vallourec had a return on equity of 14.19% and a net margin of 9.42%.

Vallourec Price Performance

OTCMKTS:VLOWY traded up $0.12 during trading hours on Wednesday, reaching $3.89. 8,481 shares of the company traded hands, compared to its average volume of 18,768. Vallourec has a 1-year low of $2.84 and a 1-year high of $4.24. The stock has a market cap of $4.56 billion, a P/E ratio of 12.16 and a beta of 1.71. The firm's 50-day moving average is $3.76 and its 200-day moving average is $3.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.37 and a quick ratio of 1.48.

Vallourec Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, May 26th were issued a dividend of $0.2546 per share. This represents a yield of 6.36%. The ex-dividend date was Friday, May 23rd. Vallourec's dividend payout ratio (DPR) is presently 78.13%.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating in a research report on Monday, July 21st.

Vallourec Company Profile

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.