Vallourec (OTCMKTS:VLOWY) Shares Gap Up - Should You Buy?

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) shares 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.

Wall Street Analysts Forecast Growth

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

Vallourec Price Performance

The firm has a market capitalization of $4.63 billion, a P/E ratio of 12.34 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. The business's 50 day moving average is $3.79 and its 200-day moving average is $3.80.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 14.57% and a net margin of 9.42%. The company had revenue of $979.19 million for the quarter. As a group, sell-side analysts predict that Vallourec SA will post 0.36 EPS for the current fiscal year.

Vallourec Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, May 26th were issued a $0.2546 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 636.0%. Vallourec's dividend payout ratio is 78.13%.

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.

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