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

Key Points

• Vallourec's stock price opened at $3.59 after closing at $3.73, resulting in a gap down before trading.
• Analysts from Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy."
• The company's latest earnings report revealed a net margin of 9.42% and projected earnings per share of 0.36 for the current fiscal year.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $3.73, but opened at $3.59. Vallourec shares last traded at $3.61, with a volume of 14,962 shares.

Wall Street Analysts Forecast Growth

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

Vallourec Trading Up 3.9%

The business's fifty day moving average is $3.75 and its 200-day moving average is $3.75. The stock has a market capitalization of $4.39 billion, a PE ratio of 11.72 and a beta of 1.82. 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 released its earnings results on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. The firm had revenue of $979.19 million during the quarter. As a group, analysts anticipate that Vallourec SA will post 0.36 EPS for the current fiscal 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.