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

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up prior to trading on Monday. The stock had previously closed at $3.99, but opened at $4.2250. Vallourec shares last traded at $4.2250, with a volume of 475 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded shares of Vallourec from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat.com, Vallourec presently has an average rating of “Strong Buy”.

Vallourec Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37. The stock has a market cap of $5.56 billion, a PE ratio of 12.67 and a beta of 0.49. The stock has a 50-day simple moving average of $4.26 and a 200-day simple moving average of $4.95.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Thursday, July 30th. The energy company reported $0.04 EPS for the quarter. Vallourec had a return on equity of 14.98% and a net margin of 9.49%. The business had revenue of $1.03 billion for the quarter.

About Vallourec

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.

Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.

Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.