Vallourec (OTCMKTS:VLOWY) Sees Large Volume Increase - Time to Buy?

Key Points

• Vallourec SA shares experienced a large volume increase on Monday with approximately 22,447 shares traded, reflecting a slight decline from the previous session's volume.
• Wall Street analysts have given Vallourec a "strong-buy" rating, indicating confidence in the stock's potential growth, supported by an average rating of "Strong Buy" from multiple analysts.
• The company reported a net margin of 9.42% and earnings of $0.04 per share for the last quarter, with revenue reaching $979.19 million.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) saw unusually-high trading volume on Monday . Approximately 22,447 shares changed hands during trading, a decline of 1% from the previous session's volume of 22,697 shares.The stock last traded at $3.68 and had previously closed at $3.70.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Vallourec to a "strong-buy" rating in a report on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Vallourec has an average rating of "Strong Buy".

Vallourec Stock Performance

The company has a market cap of $4.38 billion, a PE ratio of 11.67 and a beta of 1.82. The business's 50-day moving average is $3.78 and its 200 day moving average is $3.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 2.09.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.