Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Should You Buy?

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped up before the market opened on Wednesday . The stock had previously closed at $3.7575, but opened at $3.95. Vallourec shares last traded at $3.7750, with a volume of 10,434 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group initiated coverage on shares of Vallourec in a report 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 given a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Vallourec Stock Down 3.8%

The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 9.81 and a beta of 0.40. The stock has a 50-day moving average of $3.77 and a 200-day moving average of $3.77. 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 announced its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $1.06 billion during the quarter. Vallourec had a net margin of 11.05% and a return on equity of 17.25%. As a group, sell-side analysts forecast 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.