Vallourec (OTCMKTS:VLOWY) Trading Down 7.1% - Here's What Happened

Key Points

• Shares of Vallourec (OTCMKTS:VLOWY) fell by 7.1%, closing at $3.67, with trading volume significantly down by 99% compared to average levels.
• Analyst sentiment remains positive as Sanford C. Bernstein upgraded Vallourec to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy."
• Vallourec reported earnings of $0.04 EPS for the last quarter, with revenues of $979.19 million and an expected 0.36 EPS for the current fiscal year.

Shares of Vallourec SA (OTCMKTS:VLOWY - Get Free Report) fell 7.1% during mid-day trading on Monday . The stock traded as low as $3.67 and last traded at $3.67. 300 shares traded hands during trading, a decline of 99% from the average session volume of 22,766 shares. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

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

Vallourec Stock Performance

The firm's 50-day simple moving average is $3.75 and its two-hundred day simple moving average is $3.75. The stock has a market capitalization of $4.12 billion, a PE ratio of 10.98 and a beta of 1.67. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last issued its earnings results 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 14.57%. On average, equities research analysts expect 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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