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    VK   FR0013506730

VALLOUREC

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  Report
Real-time Euronext Paris  -  11:35 2022-12-02 am EST
11.25 EUR   +0.76%
12/01Vallourec : Document AMF CP. 2022E874218
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12/01Best To Know Before You Drill : Actual pipe data from Prime Mapping service for highest downhole performance
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11/30France's Vallourec To Deliver Line-pipe For ExxonMobil's Deep-water Project In Guyana
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Vallourec Shares Jump on Deal With Saudi Aramco

09/21/2022 | 04:34am EST

By Pierre Bertrand


Shares of Vallourec SA rose sharply in early Wednesday trading after the French steel-tubing company secured a 10-year agreement with Saudi Arabia's national oil company.

At 0814 GMT, Vallourec shares traded up 8.1% at EUR10.33.

The 10-year casing-and-services deal will partly cover the drilling operations of Saudi Arabian Oil Co., known as Saudi Aramco. Orders will be manufactured and delivered from the company's plant in Saudi Arabia, Vallourec said Tuesday.

This latest contract is on a call-off basis and is placed every quarter. Two other orders from Saudi Aramco have already been received with deliveries scheduled for early 2023, Vallourec said.


Write to Pierre Bertrand at pierre.bertrand@wsj.com


(END) Dow Jones Newswires

09-21-22 0433ET

Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.49% 85.9 Delayed Quote.11.95%
SAUDI ARABIAN OIL COMPANY -1.19% 33.1 End-of-day quote.1.70%
VALLOUREC 0.76% 11.245 Real-time Quote.27.78%
WTI -1.34% 80.208 Delayed Quote.6.45%
All news about VALLOUREC
12/01Vallourec : Document AMF CP. 2022E874218
PU
12/01Best To Know Before You Drill : Actual pipe data from Prime Mapping service for highest do..
PU
11/30France's Vallourec To Deliver Line-pipe For ExxonMobil's Deep-water Project In Guyana
MT
11/30Vallourec wins major Line-Pipe order from ExxonMobil Guyana
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11/30Vallourec Wins Major Line-Pipe Order from Exxonmobil Guyana
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11/29Vallourec : Document AMF CP. 2022E873861
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11/23Vallourec : Document AMF CP. 2022E873173
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11/22Vallourec : Document AMF CP. 2022E872970
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11/21Global markets live: Walt Disney, Berkshire Hathaway, Tesla, Merck, ..
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11/21MarketScreener's World Press Review : November 21, 2..
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More news
Analyst Recommendations on VALLOUREC
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Financials
Sales 2022 4 676 M 4 904 M 4 904 M
Net income 2022 -228 M -239 M -239 M
Net Debt 2022 1 221 M 1 280 M 1 280 M
P/E ratio 2022 -11,3x
Yield 2022 -
Capitalization 2 604 M 2 731 M 2 731 M
EV / Sales 2022 0,82x
EV / Sales 2023 0,62x
Nbr of Employees 17 000
Free-Float 99,4%
Chart VALLOUREC
Duration : Period :
Vallourec Technical Analysis Chart | MarketScreener
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Technical analysis trends VALLOUREC
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 11,25 €
Average target price 17,76 €
Spread / Average Target 57,9%
EPS Revisions
Managers and Directors
Philippe Guillemot Chairman & Chief Executive Officer
Sascha Bibert Chief Financial Officer
Dame Vivienne Cox Chairman-Supervisory Board
Philippe Carlier Senior Vice President-Technology & Industry
Na´la Giovanni Chief Digital & Information Systems Officer
Sector and Competitors
1st jan.Capi. (M$)
VALLOUREC27.78%2 731
SCHLUMBERGER LIMITED76.26%74 856
HALLIBURTON COMPANY65.68%35 296
BAKER HUGHES COMPANY22.65%29 553
NOV INC.64.21%8 858
TECHNIPFMC PLC117.74%5 755