Vallourec (OTCMKTS:VLOWY) Shares Gap Down - Time to Sell?

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 prior to trading 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 Analysts Forecast Growth

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

Vallourec Trading Up 1.8%

The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 11.86 and a beta of 1.82. The business's 50-day simple moving average is $3.80 and its two-hundred day simple moving average is $3.80. The company has a quick ratio of 1.25, a current ratio of 2.09 and a debt-to-equity ratio of 0.40.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $979.19 million during the quarter. Equities analysts forecast that Vallourec SA will post 0.36 earnings per share for the current 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.