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Vallourec (OTCMKTS:VLOWY) Sees Strong Trading Volume - Here's Why

Vallourec logo with Energy background

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 33,664 shares changed hands during mid-day trading, an increase of 68% from the previous session's volume of 20,009 shares.The stock last traded at $4.00 and had previously closed at $3.99.

Vallourec Trading Down 2.3%

The company has a current ratio of 2.37, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37. The business's 50-day simple moving average is $3.76 and its two-hundred day simple moving average is $3.77. The company has a market capitalization of $4.57 billion, a PE ratio of 10.26 and a beta of 1.71.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The energy company reported $0.07 EPS for the quarter. Vallourec had a net margin of 10.72% and a return on equity of 17.16%. The business had revenue of $1.04 billion for the quarter. On average, analysts predict that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, May 26th were given a dividend of $0.2546 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 6.36%. Vallourec's payout ratio is 65.79%.

About Vallourec

(Get Free Report)

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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