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

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $4.16, but opened at $4.38. Vallourec shares last traded at $4.20, with a volume of 6,352 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on shares of Vallourec in a research report on Monday, December 15th. They issued 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 stock. According to MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Vallourec Stock Down 2.9%

The company’s 50-day simple moving average is $3.93 and its two-hundred day simple moving average is $3.83. The firm has a market capitalization of $5.19 billion, a P/E ratio of 11.97 and a beta of 0.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27.

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