Vallourec (OTCMKTS:VLOWY) Trading 6.3% Higher - What's Next?

Key Points

• 6.3% intraday gain: Vallourec shares jumped to $5.40 on Friday, but volume was just 1,622 shares—about 96% below the average—suggesting the move came on thin liquidity.
• Goldman Sachs coverage: Goldman Sachs initiated coverage with a Buy rating, and the stock's analyst consensus on MarketBeat is a Strong Buy (one Strong Buy, one Buy).
• Key fundamentals: market capitalization is $6.41 billion with a P/E of 17.09, recent quarterly EPS of $0.09 on $1.21 billion revenue, and conservative balance-sheet metrics (debt-to-equity 0.34, current ratio 2.31).

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s share price traded up 6.3% on Friday . The stock traded as high as $5.66 and last traded at $5.40. 1,622 shares traded hands during trading, a decline of 96% from the average session volume of 38,030 shares. The stock had previously closed at $5.08.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on shares of Vallourec in a research note on Monday, December 15th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Vallourec Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.50. The stock has a market capitalization of $6.41 billion, a P/E ratio of 17.09 and a beta of 0.31. The company's 50 day simple moving average is $4.70 and its two-hundred day simple moving average is $4.15.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The firm had revenue of $1.21 billion for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.10%. As a group, equities analysts expect that Vallourec SA will post 0.36 EPS for the current fiscal year.

Vallourec Company Profile

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company's product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.

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