Vallourec SA (OTCMKTS:VLOWY – Get Free Report) saw a significant decrease in short interest in the month of 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 shares of the company are sold short. Based on an average daily volume of 84,034 shares, the short-interest ratio is presently 0.3 days.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group began coverage on shares of Vallourec in a research 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 issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.
View Our Latest Stock Report on Vallourec
Vallourec Trading Up 3.5%
Vallourec (OTCMKTS:VLOWY – Get Free Report) last posted its earnings results on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. The company had revenue of $1.21 billion during the quarter. Vallourec had a net margin of 9.40% and a return on equity of 15.16%. On average, equities analysts expect that Vallourec 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.
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