Vallourec (OTCMKTS:VLOWY) Shares 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 share price dropped 8% during mid-day trading on Monday . The company traded as low as $3.70 and last traded at $3.70. Approximately 18,962 shares changed hands during trading, an increase of 3% from the average daily volume of 18,382 shares. The stock had previously closed at $4.02.

Wall Street Analyst Weigh In

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

Vallourec Price Performance

The stock's fifty day moving average price is $3.79 and its two-hundred day moving average price is $3.80. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 11.69 and a beta of 1.82. The company has a current ratio of 2.09, a quick ratio of 1.48 and a debt-to-equity ratio of 0.40.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The energy company reported $0.04 EPS for the quarter. Vallourec had a net margin of 9.42% and a return on equity of 14.57%. The firm had revenue of $979.19 million for the quarter. Equities research analysts expect that Vallourec SA will post 0.36 EPS for the current year.

Vallourec Announces Dividend

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

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.