Vallourec (OTCMKTS:VLOWY) Shares Gap Up - Still a Buy?

Key Points

• Vallourec shares gapped up to $3.68 after closing at $3.50, with a trading volume of 354 shares.
• Sanford C. Bernstein has upgraded Vallourec to a "strong-buy" rating, contributing to the stock's average rating of "strong buy" from analysts.
• The company reported a $0.04 EPS for the latest quarter, with revenue of approximately $979.19 million and a net margin of 9.42%.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $3.50, but opened at $3.68. Vallourec shares last traded at $3.68, with a volume of 354 shares.

Wall Street Analyst Weigh In

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

Vallourec Price Performance

The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 11.17 and a beta of 1.82. The business has a 50-day simple moving average of $3.80 and a two-hundred day simple moving average of $3.76. 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 EPS for the quarter. The firm had revenue of $979.19 million during the quarter. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. As a group, research analysts predict that Vallourec SA will post 0.36 earnings per share for the current fiscal 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.

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