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

Vallourec logo with Energy background

Key Points

  • Vallourec's stock price increased from $3.86 to $4.05 before trading on Thursday, with a trading volume of 241 shares.
  • The company received an upgrade to a "strong-buy" rating from Sanford C. Bernstein, contributing to a consensus rating of "strong buy" among analysts.
  • Vallourec reported a net margin of 9.42% and a return on equity of 14.57% in its latest earnings announcement, with a revenue of $979.19 million for the quarter.
  • MarketBeat previews top five stocks to own in November.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $3.86, but opened at $4.05. Vallourec shares last traded at $4.05, with a volume of 241 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded shares of Vallourec to a "strong-buy" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Vallourec has a consensus rating of "Strong Buy".

Read Our Latest Stock Analysis on Vallourec

Vallourec Stock Up 1.9%

The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 2.09. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 12.30 and a beta of 1.67. The firm's fifty day simple moving average is $3.75 and its 200 day simple moving average is $3.75.

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

Vallourec Company Profile

(Get Free Report)

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.

See Also

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