Vallourec (OTCMKTS:VLOWY) Shares Gap Up – What’s Next?

Shares of Vallourec SA (OTCMKTS:VLOWY) gapped up before the market opened on Thursday . The stock had previously closed at $3.7550, but opened at $3.91. Vallourec shares last traded at $3.78, with a volume of 13,033 shares trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein raised shares of Vallourec to a “strong-buy” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Vallourec Stock Up 6.3%

The business has a 50-day moving average price of $3.77 and a 200 day moving average price of $3.77. The stock has a market capitalization of $4.68 billion, a P/E ratio of 12.47 and a beta of 1.57. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

Vallourec Company Profile

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.