Vallourec SA (OTCMKTS:VLOWY – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 24,023 shares, an increase of 159.7% from the September 30th total of 9,252 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 103,771 shares, the days-to-cover ratio is presently 0.2 days.
Vallourec Trading Down 1.8%
VLOWY opened at $4.21 on Friday. The company has a market cap of $5.60 billion, a P/E ratio of 13.00 and a beta of 0.49. The company has a current ratio of 2.14, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $4.26 and its 200-day moving average is $4.82. Vallourec has a 1-year low of $3.52 and a 1-year high of $6.65.
Vallourec (OTCMKTS:VLOWY – Get Free Report) last issued its earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. The firm had revenue of $1.03 billion for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%.
Wall Street Analysts Forecast Growth
Separately, Kepler Capital Markets upgraded Vallourec from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Vallourec has a consensus rating of “Strong Buy”.
View Our Latest Stock Analysis on VLOWY
Vallourec Company Profile
Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.
Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.
Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.
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