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

Key Points

• Vallourec experienced a sharp volume spike to approximately 112,756 shares traded on Tuesday, a 188% increase from the prior session, with the stock trading around $5.56.
• Goldman Sachs began coverage with a Buy rating, and MarketBeat shows a consensus analyst rating of Strong Buy.
• Key fundamentals: market cap about $6.52 billion, trailing P/E 17.39, quarterly EPS $0.09 on $1.21 billion revenue, and analysts expect fiscal-year EPS of roughly $0.36.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 112,756 shares traded hands during trading, an increase of 188% from the previous session's volume of 39,097 shares.The stock last traded at $5.5645 and had previously closed at $5.56.

Analyst Upgrades and Downgrades

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

Vallourec Price Performance

The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 17.39 and a beta of 0.31. The stock's 50 day moving average price is $4.75 and its two-hundred day moving average price is $4.18. The company has a quick ratio of 1.50, a current ratio of 2.31 and a debt-to-equity ratio of 0.34.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The firm had revenue of $1.21 billion for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.10%. Equities research analysts forecast that Vallourec SA will post 0.36 EPS for the current fiscal 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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