Vallourec (OTCMKTS:VLOWY) Hits New 12-Month High – What’s Next?

Vallourec SA (OTCMKTS:VLOWY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $5.22 and last traded at $5.00, with a volume of 15639 shares traded. The stock had previously closed at $4.8950.

Wall Street Analysts Forecast Growth

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

Vallourec Stock Performance

The stock has a 50 day moving average of $4.60 and a 200 day moving average of $4.09. 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 firm has a market cap of $5.93 billion, a price-to-earnings ratio of 15.81 and a beta of 0.31.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share (EPS) for the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. The firm had revenue of $1.21 billion for the quarter. As a group, analysts anticipate 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.