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

Key Points

• Vallourec shares gapped up from $3.77 to $4.15 before settling at $3.83, indicating positive market activity.
• Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating, suggesting increased confidence in the stock.
• The company announced a dividend yield of 6.36% with a payout ratio of 78.13%, highlighting its commitment to returning value to shareholders.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $3.77, but opened at $4.15. Vallourec shares last traded at $3.83, with a volume of 4,111 shares trading hands.

Analyst Ratings Changes

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

Vallourec Price Performance

The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 11.81 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.48 and a current ratio of 2.37. The business has a 50 day simple moving average of $3.75 and a 200-day simple moving average of $3.80.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $979.19 million during the quarter. Vallourec had a return on equity of 14.19% and a net margin of 9.42%. Equities research analysts expect that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, May 26th were given a dividend of $0.2546 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 636.0%. Vallourec's dividend payout ratio (DPR) is currently 81.25%.

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.