Vallourec (OTCMKTS:VLOWY) Sees Strong Trading Volume – Still a Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) saw an uptick in trading volume on Thursday . 90,131 shares traded hands during mid-day trading, an increase of 133% from the previous session’s volume of 38,687 shares.The stock last traded at $4.56 and had previously closed at $4.70.

Wall Street Analyst Weigh In

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

Vallourec Stock Down 2.3%

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 business has a 50-day simple moving average of $4.27 and a two-hundred day simple moving average of $3.94. The stock has a market capitalization of $5.38 billion, a P/E ratio of 14.34 and a beta of 0.27.

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