Vallourec (OTCMKTS:VLOWY) Rating Lowered to Sell at Zacks Investment Research

Vallourec (OTCMKTS:VLOWY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Vallourec SA, provides tubular solutions primarily to the energy markets and industrial applications worldwide. Its products are used by the automobile, oil and gas refining, petrochemical, transport mechanical, construction, and aerospace industries. Vallourec offers various products such as tubes and accessories for drill strings, including drill pipes, drill collars, and heavy-weight drill pipes, tubes for well equipment, standard or premium connections and underwater line-pipe. It also produces furnace tubes, heat exchanger tubes, and fittings for pipework. Vallourec SA, is headquartered in Boulogne-Billancourt, France. “

VLOWY has been the subject of several other research reports. Barclays restated an “underweight” rating on shares of Vallourec in a research note on Thursday, July 22nd. Oddo Bhf upgraded Vallourec from a “neutral” rating to an “outperform” rating in a research note on Friday, July 9th. Jefferies Financial Group upgraded Vallourec from a “hold” rating to a “buy” rating in a research note on Tuesday, June 29th. Societe Generale raised Vallourec from a “hold” rating to a “buy” rating in a report on Tuesday, June 22nd. Finally, Kepler Capital Markets raised Vallourec from a “reduce” rating to a “hold” rating and set a $8.40 price target on the stock in a report on Tuesday, July 20th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Vallourec presently has an average rating of “Hold” and a consensus price target of $5.20.

Shares of VLOWY stock remained flat at $$1.77 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2.03 billion, a PE ratio of -1.95 and a beta of 2.91. Vallourec has a fifty-two week low of $1.44 and a fifty-two week high of $9.93. The firm’s 50-day moving average is $1.72 and its 200-day moving average is $4.32.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Wednesday, July 28th. The energy company reported $0.89 earnings per share for the quarter. Vallourec had a negative return on equity of 26.40% and a negative net margin of 21.98%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $982.94 million. As a group, equities research analysts predict that Vallourec will post -0.73 earnings per share for the current year.

Vallourec Company Profile

Vallourec SA engages in the production of tube products and steel fabrication. The company offers a wide range of tubes for petrochemical installations for mechanical engineering applications, automotive industry, construction and various other industrial sectors. It operates through the two segments: Seamless Tubes and Specialty Products.

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