Vallourec SA (OTCMKTS:VLOWY) Sees Significant Increase in Short Interest

Key Points

• Vallourec SA experienced a significant increase in short interest, rising by 148.1% in September to a total of 19,100 shares.
• The company has been upgraded to a "strong-buy" rating by Sanford C. Bernstein, contributing to a consensus rating of "Strong Buy" among analysts.
• Vallourec's stock is currently down 5.8%, trading at $3.72, with an EPS of $0.04 and anticipated EPS of $0.36 for the current fiscal year.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 19,100 shares, a growth of 148.1% from the September 15th total of 7,700 shares. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 25,700 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Ratings Changes

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

Vallourec Stock Down 5.8%

VLOWY stock opened at $3.72 on Friday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 11.63 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 has a 12 month low of $2.97 and a 12 month high of $4.24. The firm has a 50-day moving average price of $3.75 and a 200-day moving average price of $3.75.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last posted its earnings results on Friday, July 25th. The energy company reported $0.04 EPS for the quarter. The firm 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%. As a group, equities research analysts anticipate that Vallourec will post 0.36 EPS for the current fiscal year.

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.

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