Vallourec (OTCMKTS:VLOWY) Sees Large Volume Increase - Still a Buy?

Key Points

• Vallourec SA experienced a significant increase in trading volume of 863%, with approximately 173,701 shares traded on Thursday.
• The company received a "strong-buy" rating from Sanford C. Bernstein, indicating analysts' confidence in its growth prospects.
• Vallourec declared a recent dividend of $0.2546 per share, offering a remarkable yield of 636.0%, with a payout ratio of 81.25%.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 173,701 shares were traded during trading, an increase of 863% from the previous session's volume of 18,033 shares.The stock last traded at $3.75 and had previously closed at $3.75.

Wall Street Analysts Forecast Growth

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

Vallourec Price Performance

The company has a market cap of $4.39 billion, a P/E ratio of 11.72 and a beta of 1.82. The company has a quick ratio of 1.48, a current ratio of 2.09 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average price of $3.78 and a 200 day moving average price of $3.80.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last released its earnings results on Friday, July 25th. The energy company reported $0.04 EPS for the quarter. The firm had revenue of $979.19 million during the quarter. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. Equities research analysts forecast that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Dividend Announcement

The company 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 636.0%. The ex-dividend date was Friday, May 23rd. Vallourec's dividend payout ratio is 81.25%.

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.

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