Vallourec SA (OTCMKTS:VLOWY) Short Interest Update

Key Points

• Short interest plunged 85.4% to 4,139 shares as of March 31, leaving a very low short-interest ratio of 0.1 days and effectively 0.0% of shares sold short.
• The Goldman Sachs Group initiated coverage with a Buy rating, and MarketBeat shows a consensus rating of Strong Buy (one Strong Buy, one Buy).
• Shares recently traded at $5.39 (market cap $6.32B) with a P/E of 16.84; the company reported $0.09 EPS on $1.21B revenue for the quarter and analysts project $0.36 EPS for the year.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 4,139 shares, a decline of 85.4% from the March 15th total of 28,279 shares. Based on an average trading volume of 80,747 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on Vallourec in a report on Monday, December 15th. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Vallourec Stock Down 1.0%

OTCMKTS:VLOWY traded down $0.06 during mid-day trading on Friday, reaching $5.39. The stock had a trading volume of 17,181 shares, compared to its average volume of 37,562. The stock has a market cap of $6.32 billion, a P/E ratio of 16.84 and a beta of 0.31. The business's 50 day moving average is $4.70 and its 200 day moving average is $4.15. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.50. Vallourec has a fifty-two week low of $3.26 and a fifty-two week high of $5.70.

Vallourec (OTCMKTS:VLOWY - Get Free Report) last posted its earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $1.21 billion during the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.10%. As a group, sell-side analysts predict that Vallourec will post 0.36 earnings per share for the current 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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