Vallourec (OTCMKTS:VLOWY) Trading Down 6.3% – Here’s Why

Vallourec SA (OTCMKTS:VLOWY)’s share price dropped 6.3% on Thursday . The company traded as low as $4.00 and last traded at $4.00. Approximately 9,222 shares were traded during trading, a decline of 51% from the average daily volume of 18,763 shares. The stock had previously closed at $4.27.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on Vallourec in a research note on Monday, December 15th. They issued a “buy” rating on the stock. One 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.com, the company has a consensus rating of “Strong Buy”.

Vallourec Price Performance

The company’s fifty day simple moving average is $3.82 and its 200-day simple moving average is $3.80. The stock has a market cap of $4.86 billion, a P/E ratio of 11.22 and a beta of 0.39. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36.

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