Vallourec (OTCMKTS:VLOWY) Sees Strong Trading Volume – Should You Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) saw unusually-high trading volume on Wednesday . Approximately 13,094 shares traded hands during trading, an increase of 97% from the previous session’s volume of 6,633 shares.The stock last traded at $3.8540 and had previously closed at $3.97.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Vallourec in a report on Monday, December 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Vallourec Price Performance

The stock’s 50-day moving average is $3.79 and its 200 day moving average is $3.78. The stock has a market capitalization of $4.43 billion, a PE ratio of 10.22 and a beta of 0.39. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. The company had revenue of $1.06 billion for the quarter. Vallourec had a return on equity of 17.25% and a net margin of 11.05%. As a group, equities analysts expect 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.