Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Time to Buy?

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $4.60, but opened at $4.90. Vallourec shares last traded at $4.76, with a volume of 720 shares trading hands.

Analyst Ratings Changes

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

Vallourec Stock Up 0.0%

The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.45 billion, a PE ratio of 14.54 and a beta of 0.27. The firm’s fifty day moving average is $4.34 and its 200-day moving average is $3.96.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The company had revenue of $1.21 billion for the quarter. Vallourec had a return on equity of 15.16% and a net margin of 9.40%. On average, equities research analysts predict 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.