Vallourec (OTCMKTS:VLOWY) Hits New 1-Year High – What’s Next?

Vallourec SA (OTCMKTS:VLOWY)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $4.70 and last traded at $4.70, with a volume of 1470 shares traded. The stock had previously closed at $4.16.

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 on the stock. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Vallourec Stock Performance

The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 11.89 and a beta of 0.36. The company’s 50-day simple moving average is $3.90 and its 200-day simple moving average is $3.82. The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36.

Vallourec (OTCMKTS:VLOWY) last announced its earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) 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%. Analysts predict that Vallourec SA will post 0.36 EPS for the current fiscal 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.