Vallourec (OTCMKTS:VLOWY) Reaches New 1-Year High – Still a Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) hit a new 52-week high during trading on Thursday . The stock traded as high as $4.76 and last traded at $4.66, with a volume of 18344 shares trading hands. The stock had previously closed at $4.56.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on Vallourec in a research note 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 given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Vallourec Stock Performance

The business’s fifty day moving average price is $4.00 and its two-hundred day moving average price is $3.85. 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 capitalization of $5.27 billion, a P/E ratio of 12.16 and a beta of 0.36.

Vallourec (OTCMKTS:VLOWY) last released its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%.The firm had revenue of $1.06 billion for the quarter. As a group, sell-side analysts forecast that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Company Profile

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.