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

Key Points

• Vallourec shares experienced an unusual increase in trading volume, rising by 123% to 42,479 shares compared to the previous session.
• Investment firm Sanford C. Bernstein has upgraded Vallourec to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• For the last quarter, Vallourec reported earnings of $0.04 EPS, with revenues of $979.19 million and a return on equity of 14.57%.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) shares saw strong trading volume on Monday . 42,479 shares changed hands during trading, an increase of 123% from the previous session's volume of 19,023 shares.The stock last traded at $3.79 and had previously closed at $3.79.

Analyst Ratings Changes

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

Vallourec Stock Performance

The stock's 50 day moving average price is $3.81 and its 200 day moving average price is $3.79. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4.27 billion, a PE ratio of 11.38 and a beta of 1.82.

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. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. The business had revenue of $979.19 million for the quarter. As a group, equities analysts forecast that Vallourec SA will post 0.36 earnings per share for the current fiscal year.

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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