Zacks Investment Research Upgrades VALLOUREC SA/S (OTCMKTS:VLOWY) to Hold

VALLOUREC SA/S (OTCMKTS:VLOWY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “Vallourec SA, provides tubular solutions primarily to the energy markets and industrial applications worldwide. Its products are used by the automobile, oil and gas refining, petrochemical, transport mechanical, construction, and aerospace industries. Vallourec offers various products such as tubes and accessories for drill strings, including drill pipes, drill collars, and heavy-weight drill pipes, tubes for well equipment, standard or premium connections and underwater line-pipe. It also produces furnace tubes, heat exchanger tubes, and fittings for pipework. Vallourec SA, is headquartered in Boulogne-Billancourt, France. “

Shares of VALLOUREC SA/S stock opened at $0.22 on Tuesday. The company has a market capitalization of $563.32 million, a price-to-earnings ratio of -1.45 and a beta of 3.07. The company has a quick ratio of 0.79, a current ratio of 1.23 and a debt-to-equity ratio of 0.88. VALLOUREC SA/S has a 12-month low of $0.17 and a 12-month high of $0.68. The firm’s 50-day moving average price is $0.37 and its two-hundred day moving average price is $0.50.

VALLOUREC SA/S (OTCMKTS:VLOWY) last announced its quarterly earnings data on Wednesday, February 19th. The energy company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.14 billion. VALLOUREC SA/S had a negative return on equity of 15.21% and a negative net margin of 8.03%. On average, sell-side analysts expect that VALLOUREC SA/S will post -0.01 earnings per share for the current year.

About VALLOUREC SA/S

Vallourec SA, through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in the European Union, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company produces hot-rolled seamless carbon and alloy steel tubes for the oil and gas, power generation, chemical and petrochemical, and automotive and mechanical engineering industries, as well as produces stainless steel and titanium tubes.

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