Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Here’s What Happened

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped down before the market opened on Monday . The stock had previously closed at $3.95, but opened at $3.71. Vallourec shares last traded at $3.7750, with a volume of 10,318 shares trading hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group started coverage on shares of Vallourec in a research note on Monday, December 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Vallourec Trading Down 3.8%

The firm’s fifty day simple moving average is $3.78 and its 200-day simple moving average is $3.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13. The stock has a market cap of $4.45 billion, a P/E ratio of 10.27 and a beta of 0.40.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings data on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. The company had revenue of $1.06 billion during the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. Equities research analysts expect that Vallourec SA will post 0.36 EPS for the current fiscal year.

About Vallourec

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.