Vallourec (OTCMKTS:VLOWY) Sees Large Volume Increase - Here's What Happened

Key Points

• Vallourec SA experienced a decrease in trading volume, with 14,513 shares traded, down 22% from the previous session, and the stock currently priced at $3.71.
• Analysts at Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating, indicating increased confidence in the stock's performance.
• The company recently paid a dividend of $0.2546 per share, reflecting a notable yield of 636.0% and a payout ratio of 81.25%.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 14,513 shares changed hands during trading, a decline of 22% from the previous session's volume of 18,536 shares.The stock last traded at $3.71 and had previously closed at $3.78.

Analysts Set New Price Targets

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

Vallourec Trading Up 5.7%

The business has a 50-day moving average price of $3.75 and a two-hundred day moving average price of $3.80. The stock has a market capitalization of $4.56 billion, a P/E ratio of 12.16 and a beta of 1.82. The company has a current ratio of 2.37, a quick ratio of 1.48 and a debt-to-equity ratio of 0.37.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its earnings results on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 14.19% and a net margin of 9.42%. The business had revenue of $979.19 million during the quarter. On average, analysts expect that Vallourec SA will post 0.36 EPS for the current fiscal year.

Vallourec Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Monday, May 26th were given a dividend of $0.2546 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 636.0%. Vallourec's dividend payout ratio is presently 81.25%.

About Vallourec

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.