Vallourec SA (OTCMKTS:VLOWY) Short Interest Update

Vallourec SA (OTCMKTS:VLOWY) was the recipient of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 28,279 shares, a decrease of 42.7% from the February 26th total of 49,314 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 84,034 shares, the short-interest ratio is currently 0.3 days.

Vallourec Stock Down 2.3%

Shares of Vallourec stock opened at $4.90 on Friday. Vallourec has a 12-month low of $3.07 and a 12-month high of $5.08. 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 stock has a 50 day moving average price of $4.54 and a two-hundred day moving average price of $4.05. The stock has a market capitalization of $5.74 billion, a P/E ratio of 15.30 and a beta of 0.27.

Vallourec (OTCMKTS:VLOWY) last released its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. The company had revenue of $1.21 billion for the quarter. Equities analysts expect that Vallourec will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group initiated coverage on shares of Vallourec in a research report on Monday, December 15th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat, Vallourec presently has an average rating of “Strong Buy”.

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.