Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Time to Sell?

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped down prior to trading on Tuesday . The stock had previously closed at $4.35, but opened at $4.12. Vallourec shares last traded at $4.34, with a volume of 767 shares changing hands.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on Vallourec in a research note on Monday, December 15th. They set 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Vallourec Trading Down 1.9%

The stock has a market capitalization of $4.95 billion, a P/E ratio of 11.43 and a beta of 0.39. 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 business has a 50-day moving average price of $3.84 and a two-hundred day moving average price of $3.81.

Vallourec (OTCMKTS:VLOWY) last issued its quarterly earnings results on Friday, November 14th. The energy company reported $0.12 earnings per share 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%. On average, analysts expect 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.