Vallourec S.A. (OTCMKTS:VLOWY – Get Rating) – Equities researchers at Jefferies Financial Group upped their FY2023 EPS estimates for Vallourec in a report issued on Thursday, April 21st. Jefferies Financial Group analyst A. Spence now anticipates that the energy company will post earnings per share of $0.29 for the year, up from their prior estimate of $0.27.
Separately, Zacks Investment Research raised shares of Vallourec from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a research note on Thursday, January 20th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $5.20.
Vallourec (OTCMKTS:VLOWY – Get Rating) last posted its quarterly earnings data on Thursday, February 24th. The energy company reported $0.09 EPS for the quarter. Vallourec had a net margin of 1.07% and a return on equity of 2.74%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.06 billion.
Vallourec Company Profile (Get Rating)
Vallourec SA, through its subsidiaries, provides tubular solutions for oil and gas, industry, and power generation in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; casings; tubings; VAM connections; rigid subsea line pipes, onshore rigid line pipes, specialized tubes, and process tubes for transportation of oil and gas; and carbon steel and steel alloy tubes, hollow bars, and connections for the processing of industrial fluids and hydrocarbons.
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