Vallourec Shares Bounce Back 2.5% but Still Down 16% Over the Month
After several challenging sessions, the seamless tube specialist is regaining some ground on Friday. The stock benefits from a more favorable market environment in Paris, while Brent oil attempts to stabilize after a significant correction. However, the rebound occurs at technically degraded levels since mid-June.
A Technical Rebound After a Month of Significant Decline and a Return Above the MM200
Vallourec shares gained 2.6% to €20.54, a movement that only partially erases the monthly decline of 16.28%. The stock remains below its MM20 (€23.73) with a gap of 13.44%, and under its MM50 (€24.32) at a distance of 15.54%, both levels indicating a still distinctly bearish short-term trend. However, today's rebound plays out above the MM200 at €19.10, a key medium-term support, from which the stock is still 7.54% away. The RSI at 36 indicates seller exhaustion after yesterday's slide, yet without clearly signaling a reversal. The oil context remains central for the equipment supplier: Brent oil attempts stabilization around $71.64 a barrel, after an 8% drop over ten sessions due to the resumption of flows through the Strait of Hormuz. The stock progresses in an SBF 120 up by 0.54%, not among the most significant movements of the index.
Morgan Stanley Lowers Its Target While the Cumulative Short Position Strongly Retreats
From the analysts' perspective, Morgan Stanley reduced its price target on Thursday from €24.00 to €22.30, while maintaining a market-weight opinion. CIC Market Solutions, on the other hand, reaffirmed its buy rating the day before, with an unchanged target of €28.00, representing a potential of 36% relative to the current price. Both views frame the stock between cautious stabilization and medium-term rebound. According to collected statements, the cumulative net short position has fallen to 0.95% of the capital, carried by a single fund, down from 8.76% a month ago. This marked decline (over 7 points in thirty days) reflects a significant unwinding of bearish bets, without it being a standalone directional signal: selling pressure has eased, but the stock remains exposed to crude oil fluctuations. At the Q1 2026 release (May 13, 2026), the group confirmed a distribution target close to €650 million to shareholders by August, a now approaching deadline that structures the fundamental reading of the case.
