Vallourec (OTCMKTS:VLOWY) Sets New 52-Week High - Time to Buy?

Key Points

• Shares of Vallourec reached a new 52-week high of $5.87 on Monday and last traded at $5.56, up about 4.3% with ~26,600 shares changing hands.
• Goldman Sachs initiated coverage with a "buy" rating, and MarketBeat shows an average analyst rating of Strong Buy (one Strong Buy, one Buy).
• Fundamentals: market cap ~$6.59B and P/E 17.56, solid liquidity (current ratio 2.31, quick ratio 1.50) and low leverage (debt/equity 0.34); the company posted $0.09 EPS on $1.21B revenue in the last quarter and analysts forecast ~0.36 EPS for the year.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $5.87 and last traded at $5.56, with a volume of 26602 shares changing hands. The stock had previously closed at $5.4450.

Wall Street Analyst Weigh In

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

Vallourec Stock Up 4.3%

The company has a market cap of $6.59 billion, a price-to-earnings ratio of 17.56 and a beta of 0.31. The company has a current ratio of 2.31, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average price of $4.73 and a two-hundred day moving average price of $4.16.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The company had revenue of $1.21 billion for the quarter. Vallourec had a return on equity of 15.10% and a net margin of 9.40%. On average, equities analysts predict that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Company Profile

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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