Vallourec (OTCMKTS:VLOWY) Shares Gap Down - Here's What Happened

Key Points

• Vallourec shares experienced a gap down before the market opened, dropping from a closing price of $3.96 to an opening price of $3.80.
• Analysts from Sanford C. Bernstein have upgraded Vallourec's rating to a "strong-buy."
• The company announced a dividend of $0.2546, resulting in a dividend yield of 636.0%, with a payout ratio of 81.25%.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $3.96, but opened at $3.80. Vallourec shares last traded at $3.80, with a volume of 2,127 shares traded.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded shares of Vallourec to a "strong-buy" rating in a research report on Monday, July 21st.

Vallourec Price Performance

The business's 50-day moving average price is $3.79 and its 200 day moving average price is $3.80. The company has a quick ratio of 1.48, a current ratio of 2.09 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4.45 billion, a P/E ratio of 11.88 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 EPS 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 during the quarter. Analysts anticipate that Vallourec SA will post 0.36 EPS for the current fiscal year.

Vallourec Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, May 26th were given a $0.2546 dividend. This represents a dividend yield of 636.0%. The ex-dividend date was Friday, May 23rd. Vallourec's dividend payout ratio (DPR) is 81.25%.

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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