Vallourec (OTCMKTS:VLOWY) Sees Large Volume Increase - Here's What Happened

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 unusually-strong trading volume on Monday . Approximately 42,479 shares changed hands during mid-day 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.

Wall Street Analyst Weigh In

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

Vallourec Trading Up 0.7%

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 business's fifty day simple moving average is $3.81 and its two-hundred day simple moving average is $3.78. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 11.34 and a beta of 1.82.

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. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. The company had revenue of $979.19 million for the quarter. On average, equities analysts predict that Vallourec SA will post 0.36 EPS 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.