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

Key Points

• Gapped down: Vallourec opened at $4.51 after a $4.85 close and was last trading around $4.61 on volume of 122,436 shares, with the stock noted as trading down about 5.2%.
• Goldman Sachs initiated coverage with a "Buy" and the stock carries an average analyst rating of Strong Buy (one Strong Buy, one Buy).
• Recent fundamentals: the company reported quarterly EPS $0.09 on $1.21 billion revenue, has a P/E of 14.38 and a $5.39 billion market cap, and analysts forecast ~0.36 EPS for the year.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $4.85, but opened at $4.51. Vallourec shares last traded at $4.61, with a volume of 122,436 shares.

Wall Street Analyst Weigh In

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

Vallourec Trading Down 5.2%

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 firm has a 50-day moving average of $4.45 and a 200-day moving average of $4.02. The firm has a market capitalization of $5.39 billion, a P/E ratio of 14.38 and a beta of 0.27.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last announced 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, equities research analysts anticipate that Vallourec SA will post 0.36 EPS for the current fiscal 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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