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

Shares of Vallourec SA (OTCMKTS:VLOWY) saw strong trading volume on Wednesday . 22,538 shares were traded during trading, an increase of 11% from the previous session’s volume of 20,283 shares.The stock last traded at $3.82 and had previously closed at $3.83.

Analyst Ratings Changes

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

Vallourec Trading Up 1.6%

The company has a quick ratio of 1.27, a current ratio of 2.13 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $4.55 billion, a P/E ratio of 10.49 and a beta of 0.40. The firm’s 50-day moving average price is $3.78 and its 200 day moving average price is $3.78.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share for the quarter. The business 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%. As a group, equities research analysts predict that Vallourec SA will post 0.36 earnings per share for the current year.

Vallourec Company Profile

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.