Vallourec (OTCMKTS:VLOWY) Reaches New 1-Year High – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY) hit a new 52-week high on Wednesday . The company traded as high as $4.25 and last traded at $4.25, with a volume of 40088 shares. The stock had previously closed at $3.98.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a research note on Monday, December 15th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Vallourec Trading Up 4.8%

The business has a 50 day moving average of $3.81 and a two-hundred day moving average of $3.80. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 11.32 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 posted its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 EPS for the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. The company had revenue of $1.06 billion for the quarter. Equities analysts predict that Vallourec SA will post 0.36 EPS 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.