Vallourec (OTCMKTS:VLOWY) Hits New 12-Month High – Time to Buy?

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group assumed coverage on Vallourec in a report on Monday, December 15th. They set a “buy” rating for the company. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Vallourec Stock Performance

The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 15.63 and a beta of 0.26. The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The stock’s fifty day simple moving average is $4.56 and its 200-day simple moving average is $4.07.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Friday, February 27th. The energy company reported $0.09 EPS for the quarter. The business 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%. Analysts predict that Vallourec SA will post 0.36 EPS for the current 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.