Vallourec (OTCMKTS:VLOWY) Trading Down 8% - Should You Sell?

Key Points

• The stock price of Vallourec SA fell 8% to $3.70 during trading, as the company experienced a significant drop from its previous closing price of $4.02.
• Analysts at Sanford C. Bernstein have upgraded Vallourec’s rating to a "strong-buy," indicating positive sentiment towards the company's prospects.
• Vallourec recently declared a dividend of $0.2546 per share, which implies a striking dividend yield of 636.0% against its current stock price.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s stock price fell 8% during mid-day trading on Monday . The company traded as low as $3.70 and last traded at $3.70. 18,962 shares were traded during trading, an increase of 3% from the average session volume of 18,382 shares. The stock had previously closed at $4.02.

Analyst Ratings Changes

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

Vallourec Stock Down 8.0%

The business's 50 day simple moving average is $3.77 and its 200-day simple moving average is $3.80. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 11.56 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.

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 14.19%. Sell-side analysts expect that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, May 26th were issued a dividend of $0.2546 per share. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 636.0%. Vallourec's dividend payout ratio (DPR) is currently 78.13%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.