Vallourec (OTCMKTS:VLOWY) Shares Gap Up - What's Next?

Key Points

• Vallourec shares experienced a significant jump, opening at $3.95 after closing at $3.74, with a trading volume of 1,431 shares.
• Analysts have upgraded Vallourec to a "strong-buy" rating, suggesting confidence in the company's growth prospects.
• The company reported a revenue of $979.19 million for the last quarter, with a return on equity of 14.57% and a net margin of 9.42%.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.74, but opened at $3.95. Vallourec shares last traded at $3.95, with a volume of 1,431 shares trading hands.

Wall Street Analysts Forecast Growth

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

Vallourec Stock Performance

The firm has a 50 day moving average of $3.81 and a 200-day moving average of $3.79. The stock has a market capitalization of $4.44 billion, a PE ratio of 11.84 and a beta of 1.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 2.09.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $979.19 million during the quarter. Vallourec had a return on equity of 14.57% and a net margin of 9.42%. Research 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.