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

Key Points

• Vallourec's trading volume surged by 1,305% on Tuesday, with approximately 300,318 shares traded compared to 21,374 shares the previous session.
• Analysts have upgraded Vallourec to a "strong-buy" rating, with the current consensus rating reflecting strong optimism for the stock's performance.
• The company's latest earnings report showed a profit of $0.04 per share on revenues of $979.19 million and included a return on equity of 14.57%.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 300,318 shares were traded during trading, an increase of 1,305% from the previous session's volume of 21,374 shares.The stock last traded at $3.90 and had previously closed at $3.85.

Analysts Set New Price Targets

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

Vallourec Stock Performance

The company has a quick ratio of 1.25, a current ratio of 2.09 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $4.43 billion, a P/E ratio of 11.83 and a beta of 1.67. The company has a 50-day moving average price of $3.76 and a two-hundred day moving average price of $3.74.

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

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