Vallourec (OTCMKTS:VLOWY) Trading 5.6% Higher - Still a Buy?

Key Points

• Vallourec SA's share price increased by 5.6% to $3.96, despite a significant drop in trading volume.
• Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating, indicating increased analyst confidence in the stock.
• The company recently reported a net margin of 9.42% and a quarterly EPS of $0.04, with expectations for a 0.36 EPS for the current year.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s stock price traded up 5.6% during trading on Friday . The company traded as high as $3.96 and last traded at $3.96. 114 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 18,688 shares. The stock had previously closed at $3.75.

Wall Street Analysts Forecast Growth

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

Vallourec Price Performance

The company's 50-day moving average price is $3.75 and its 200-day moving average price is $3.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.37 and a quick ratio of 1.48. The company has a market cap of $4.39 billion, a P/E ratio of 11.72 and a beta of 1.82.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The energy company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $979.19 million during the quarter. Vallourec had a net margin of 9.42% and a return on equity of 14.19%. As a group, sell-side analysts predict that Vallourec SA will post 0.36 earnings per share 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 paid a dividend of $0.2546 per share. This represents a dividend yield of 636.0%. The ex-dividend date was Friday, May 23rd. Vallourec's dividend payout ratio (DPR) is currently 78.13%.

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.