Vallourec (OTCMKTS:VLOWY) Reaches New 1-Year High - Here's Why

Key Points

• Vallourec reached a new 52-week high of $5.36 on Monday, last trading at $5.2520 with about 8,470 shares changing hands.
• Goldman Sachs initiated coverage with a "buy" rating, and MarketBeat data shows an average analyst sentiment of Strong Buy (one Strong Buy, one Buy).
• The company has a market capitalization of $6.15 billion and a PE of 16.39; it reported $0.09 EPS and $1.21 billion in quarterly revenue, with a 9.4% net margin and 15.16% ROE, and analysts expect 0.36 EPS for the year.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $5.36 and last traded at $5.2520, with a volume of 8470 shares trading hands. The stock had previously closed at $5.1612.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a research note on Monday, December 15th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, Vallourec currently has an average rating of "Strong Buy".

Vallourec Stock Performance

The company has a market capitalization of $6.15 billion, a PE ratio of 16.39 and a beta of 0.31. The firm has a 50-day moving average of $4.64 and a two-hundred day moving average of $4.11. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. The business had revenue of $1.21 billion for the quarter. Research analysts anticipate that Vallourec SA will post 0.36 EPS for the current year.

Vallourec Company Profile

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company's product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.

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