Vallourec (OTCMKTS:VLOWY) Stock Price Up 7.4% – Still a Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) traded up 7.4% on Tuesday . The company traded as high as $4.05 and last traded at $4.05. 9,383 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 20,370 shares. The stock had previously closed at $3.7715.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on shares of Vallourec in a research report on Monday. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Vallourec Stock Up 7.4%

The firm’s fifty day moving average is $3.79 and its two-hundred day moving average is $3.76. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 10.95 and a beta of 0.40. 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 released its earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. The firm had revenue of $1.06 billion for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. On average, sell-side analysts expect that Vallourec SA will post 0.36 EPS for the current fiscal year.

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.