Vallourec (OTCMKTS:VLOWY) Shares Climb 4.6% After Analyst Upgrade

Vallourec SA (OTCMKTS:VLOWY)’s share price was up 4.6% on Tuesday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $4.31 and last traded at $4.31. Approximately 611 shares traded hands during trading, a decline of 99% from the average daily volume of 101,744 shares. The stock had previously closed at $4.12.

Vallourec Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37. The company has a 50 day simple moving average of $4.29 and a 200-day simple moving average of $5.00. The stock has a market capitalization of $5.70 billion, a P/E ratio of 13.11 and a beta of 0.49.

Vallourec (OTCMKTS:VLOWY) last issued its earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. The firm had revenue of $1.03 billion during the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%.

Vallourec Company Profile

Vallourec is a France-based manufacturer and provider of premium tubular solutions. The company primarily produces seamless steel tubes and related products for the energy industry, including oil and natural gas exploration and production, drilling, well construction and completion. Its offerings are designed for demanding applications such as high-pressure, high-temperature and corrosive environments.

In addition to serving the oil and gas sector, Vallourec supplies tubes and tubular solutions for industrial applications, including power generation, mechanical engineering and other specialized markets.