Valeura Energy (TSE:VLE) Hits New 12-Month High – Should You Buy?

Valeura Energy Inc. (TSE:VLE) shares hit a new 52-week high during trading on Friday . The company traded as high as C$9.46 and last traded at C$9.14, with a volume of 205942 shares trading hands. The stock had previously closed at C$9.00.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VLE. Roth Mkm upgraded Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. Cormark raised shares of Valeura Energy to a “moderate buy” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Valeura Energy Trading Up 2.0%

The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27. The company has a market cap of C$970.48 million, a price-to-earnings ratio of 4.03 and a beta of -0.22. The firm has a 50-day moving average price of C$7.97 and a 200 day moving average price of C$7.60.

Valeura Energy (TSE:VLE) last announced its quarterly earnings data on Friday, November 14th. The company reported C$0.14 earnings per share (EPS) for the quarter. Valeura Energy had a return on equity of 27.14% and a net margin of 13.30%.The firm had revenue of C$221.45 million for the quarter. As a group, sell-side analysts forecast that Valeura Energy Inc. will post 0.4117109 EPS for the current year.

Valeura Energy Company Profile

Valeura Energy Inc is an upstream oil & gas company, with a clear strategy to add value for shareholders through growth. The Company is expanding operations organically and through acquisitions in Southeast Asia, focussing on assets with immediate or substantial near-term cash flow, with imbedded reinvestment opportunities.