Vallourec (OTCMKTS:VLOWY) Hits New 12-Month High – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY) reached a new 52-week high on Wednesday . The company traded as high as $4.25 and last traded at $4.25, with a volume of 40088 shares trading hands. The stock had previously closed at $3.98.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on shares of Vallourec in a research note 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 given a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Vallourec Trading Up 4.8%

The firm has a market cap of $5.10 billion, a P/E ratio of 11.76 and a beta of 0.39. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $3.82 and its two-hundred day moving average price is $3.80.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The firm 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%. As a group, sell-side analysts predict 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.