Vallourec (OTCMKTS:VLOWY) Sets New 1-Year High - Should You Buy?

Key Points

• Vallourec stock hit a new 52-week high — the shares traded as high as $5.07 (last $4.89) and are trading above their 50‑day and 200‑day moving averages, indicating recent upside momentum.
• Analyst sentiment turned bullish — Goldman Sachs initiated coverage with a "Buy" and MarketBeat shows an average rating of "Strong Buy."
• Fundamentals appear stable — market cap about $5.77 billion, P/E 15.39, low leverage (debt/equity 0.36), solid liquidity (current ratio 2.13) and recent quarterly EPS of $0.09 with a 9.4% net margin.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $5.07 and last traded at $4.89, with a volume of 13391 shares. The stock had previously closed at $4.84.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group initiated coverage on Vallourec in a research report on Monday, December 15th. They issued a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, Vallourec currently has an average rating of "Strong Buy".

Vallourec Stock Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13. The company has a market capitalization of $5.77 billion, a price-to-earnings ratio of 15.39 and a beta of 0.27. The firm has a 50-day simple moving average of $4.48 and a two-hundred day simple moving average of $4.03.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share (EPS) for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. The business had revenue of $1.21 billion for the quarter. On average, sell-side analysts anticipate that Vallourec SA will post 0.36 EPS for the current fiscal year.

About Vallourec

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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