Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Time to Sell?

Vallourec SA (OTCMKTS:VLOWY) gapped down before the market opened on Friday . The stock had previously closed at $3.96, but opened at $3.80. Vallourec shares last traded at $3.80, with a volume of 2,127 shares trading hands.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Vallourec to a “strong-buy” rating in a research report on Monday, July 21st.

Vallourec Stock Down 5.6%

The company has a quick ratio of 1.48, a current ratio of 2.09 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $3.80. The firm has a market capitalization of $4.38 billion, a P/E ratio of 11.69 and a beta of 1.82.

Vallourec (OTCMKTS:VLOWY) last released its earnings results on Friday, July 25th. The energy company reported $0.04 EPS for the quarter. Vallourec had a return on equity of 14.57% and a net margin of 9.42%. The business had revenue of $979.19 million for the quarter. On average, equities analysts expect that Vallourec SA will post 0.36 EPS for the current fiscal year.

Vallourec Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, May 26th were issued a $0.2546 dividend. This represents a yield of 636.0%. The ex-dividend date of this dividend was Friday, May 23rd. Vallourec’s payout ratio is 81.25%.

About Vallourec

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.