Kepler Cheuvreux lifts target for Vallourec stock to EUR 26.00
Published on 10/18/2026 at 13:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRevenue and reporting timetable
- TotalEnergies awarded Vallourec more than 16,000 tons of tubular products on October 12, 2026.
- First-half 2026 revenue was USD 1.86 billion, down 8.00 percent year over year.
- Vallourec stock closed at EUR 18.98 on Euronext Paris on October 16, 2026.
- Vallourec is scheduled to report third-quarter 2026 results on November 20, 2026.
Kepler Cheuvreux raised its target for Vallourec stock from EUR 23.50 to EUR 26.00 and upgraded its rating from hold to buy on October 12, 2026, according to ABC Bourse. The revision accompanied Vallourec's contract award from TotalEnergies for more than 16,000 tons of tubular products in Azerbaijan.
Contract adds energy exposure
In its release dated October 12, 2026, Vallourec said the Absheron award covers OCTG and line pipe solutions. The line pipe scope covers 159 kilometers of coated pipe, while the project includes VAM premium connections and CLEANWELL technology. The financial value of the contract was not disclosed.
The order gives the company another project tied to gas infrastructure and premium tubular products. It also extends a sequence of contract announcements: Vallourec won a 3,000-ton carbon-storage project in Greece on September 18, 2026, appointed a digital and information-systems chief on October 5, 2026, and secured the 16,000-ton TotalEnergies award on October 12, 2026. The first event was reported by Yahoo Finance, while the October 5 appointment was reported by Boursorama.
What does the target change mean?
The EUR 26.00 target is EUR 7.02 above the EUR 18.98 Euronext Paris close on October 16, 2026. That gap gives the analyst revision clear numerical weight, but the target remains an assessment rather than a guaranteed market level. Vallourec's first-half 2026 revenue was USD 1.86 billion, down 8.00 percent from the comparable period, while EBITDA was USD 409.4 million and net income was USD 131.5 million, according to Ideal Investor. Free cash flow reached USD 303.0 million in the first half.
Two dates set the next test
Vallourec is scheduled to present its VAM and CLEANWELL portfolio at ADIPEC from November 2 to November 5, 2026, according to Boursorama. The investor calendar lists November 20, 2026 for third-quarter 2026 results on the Vallourec investor page.
Stock closes below yearly high
Vallourec closed at EUR 18.98 on Euronext Paris on October 16, 2026. Its 52-week range was EUR 15.10 to EUR 27.67, while market capitalization stood at EUR 5.0 billion on that date. The combination of a large contract, a higher analyst target and weaker first-half revenue leaves execution and margins as the central investor questions.
The further course of trading is shown by the continuously updated real-time quote of Vallourec stock.
Vallourec stock key figures
- Company: Vallourec S.A.
- ISIN: FR0013506730
- Ticker: VK
- Primary exchange: Euronext Paris
- Last Euronext Paris close: EUR 18.98 (October 16, 2026)
- Market capitalization: EUR 5.0 billion (as of October 16, 2026)
- 52-week range: EUR 15.10-EUR 27.67 (as of October 16, 2026)
- Sector / Industry: Energy / Oil and gas equipment
- Index membership: CAC Mid 60, SBF 120, Next 150
- Next earnings date: November 20, 2026
Market context: Market report CAC 40.
