VALLOUREC SA/S (OTCMKTS:VLOWY) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of VALLOUREC SA/S (OTCMKTS:VLOWY) from a hold rating to a sell rating in a report published on Wednesday, 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. “

A number of other equities research analysts also recently issued reports on VLOWY. UBS Group reaffirmed a sell rating on shares of VALLOUREC SA/S in a research report on Tuesday, May 26th. Bank of America cut shares of VALLOUREC SA/S from a neutral rating to an underperform rating in a research note on Wednesday, May 20th. Morgan Stanley restated an underweight rating on shares of VALLOUREC SA/S in a research note on Thursday, April 16th. Finally, Goldman Sachs Group cut shares of VALLOUREC SA/S from a neutral rating to a sell rating in a research note on Wednesday, May 20th. Five analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company has an average rating of Sell.

VLOWY stock opened at $6.36 on Wednesday. The firm has a market cap of $364.11 million, a price-to-earnings ratio of -1.14 and a beta of 2.16. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 0.95. VALLOUREC SA/S has a 12-month low of $5.87 and a 12-month high of $27.00. The company’s fifty day simple moving average is $8.41 and its 200 day simple moving average is $11.83.

VALLOUREC SA/S (OTCMKTS:VLOWY) last posted its quarterly earnings results on Wednesday, May 13th. The energy company reported ($1.60) earnings per share for the quarter. VALLOUREC SA/S had a negative net margin of 7.97% and a negative return on equity of 15.14%. The company had revenue of $940.90 million during the quarter, compared to the consensus estimate of $1.11 billion. Research analysts expect that VALLOUREC SA/S will post -3.09 earnings per share for the current year.

VALLOUREC SA/S Company Profile

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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