Kepler Cheuvreux raises target for Vallourec stock to EUR 26.00

Published on 10/15/2026 at 13:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue was USD 1.86 billion, down 8.00 percent. Vallourec stock was at EUR 18.35 on October 15, 2026, with EUR 4.8 billion in market value.

Contract and earnings context

Vallourec won a TotalEnergies contract exceeding 16,000 tonnes on October 12, 2026.
First-half revenue reached USD 1.86 billion, down 8.00 percent from the prior-year period.
Vallourec stock was trading at EUR 18.35 at 1:37 p.m. CEST at Lang & Schwarz on October 15, 2026.
The market capitalization stood at EUR 4.8 billion on October 15, 2026.

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Vallourec (ISIN FR0013506730) won a TotalEnergies contract covering more than 16,000 tonnes of tubular products for the Absheron gas field on October 12, 2026. Boursorama reported that the order includes OCTG and line pipe solutions for the Azerbaijani project.

Analyst target reaches EUR 26.00

The contract is accompanied by a more constructive analyst stance. According to Ideal Investisseur, Kepler Cheuvreux raised its Vallourec target from EUR 23.50 to EUR 26.00 and changed its rating from hold to buy on October 12, 2026. The target revision amounts to EUR 2.50, or 10.64 percent, above the former target.

What does the contract add?

The order gives Vallourec exposure to both drilling and transport infrastructure. The source release describes more than 16,000 tonnes of products, including roughly 159 kilometers of coated line pipe, while the financial terms were not disclosed. The contract therefore adds a concrete volume figure, but not a disclosed revenue contribution.

Three dated company developments

On July 30, 2026, Vallourec reported first-half revenue of USD 1.86 billion, down 8.00 percent from the prior-year period, according to Ideal Investisseur. On October 12, 2026, Vallourec secured the TotalEnergies order exceeding 16,000 tonnes. On October 12, 2026, Kepler Cheuvreux raised its target to EUR 26.00.

Next reporting date

Vallourec's next scheduled reporting date is November 20, 2026, when the company plans to publish its third-quarter 2026 results, according to its Vallourec investor calendar. That date gives investors a defined checkpoint for measuring orders against revenue and profitability.

Stock valuation stays tied to execution

Vallourec's market capitalization stood at EUR 4.8 billion on October 15, 2026. Its 52-week range was EUR 15.07 to EUR 27.67, placing the current quote inside a broad trading band and leaving execution of the new contract central to the next results update.

Current Paris-listed quote

Vallourec stock was trading at EUR 18.35 at Lang & Schwarz on October 15, 2026 at 1:37 p.m. CEST. The current price remains below the 52-week high of EUR 27.67 recorded in the same market snapshot. The further course of trading is shown by the continuously updated real-time quote of Vallourec stock.