Sanford C. Bernstein upgraded shares of Vallourec (OTCMKTS:VLOWY - Free Report) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.
Vallourec Stock Down 2.5%
Shares of OTCMKTS:VLOWY traded down $0.10 during mid-day trading on Monday, reaching $3.86. 4,469 shares of the stock were exchanged, compared to its average volume of 19,035. The company has a quick ratio of 1.48, a current ratio of 2.37 and a debt-to-equity ratio of 0.37. The stock's 50 day simple moving average is $3.77 and its 200-day simple moving average is $3.79. The company has a market cap of $4.52 billion, a P/E ratio of 10.16 and a beta of 1.71. Vallourec has a one year low of $2.84 and a one year high of $4.24.
Vallourec (OTCMKTS:VLOWY - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 17.16% and a net margin of 10.72%. As a group, equities research analysts predict that Vallourec will post 0.36 EPS for the current year.
Vallourec Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, May 26th were paid a $0.2546 dividend. This represents a dividend yield of 6.36%. The ex-dividend date was Friday, May 23rd. Vallourec's dividend payout ratio is 68.42%.
About Vallourec
(
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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.
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