|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||2.5850 - 2.6870|
|52-week range||1.3870 - 3.1530|
|Beta (5Y Monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Last week, you might have seen that Vallourec S.A. (EPA:VK) released its third-quarter result to the market. The early...
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. European shares are set to slide back on Friday after a rally in the U.S. drove them up to their best day in three months. A fall in the Chinese yuan below the psychologically important 6.9/dollar level, and tech giant Baidu swinging to a loss for the first time since listing, could both be part of the drag on investor sentiment.
Vallourec SA, a supplier of steel tubes to the oil and gas industry, is a case in point. On Wednesday evening the French group reported its first quarter of positive free cash flow in three years, thanks in part to stronger demand from customers in Europe and the Middle East. The shares rocketed as much as 37 percent, while Vallourec’s 550 million euros ($567 million) of 6.6 percent coupon bonds maturing in 2022 gained 11 cents on the euro, and now yield a less eye-watering 14 per cent.
Vallourec said it aimed to take additional actions to improve productivity in Brazil and would seek to find an investor to acquire its coal-fired power plants in Germany and China. Its full-year EBITDA rose to 150 million euros, up from 2 million euros in 2017.