Valeura Energy (TSE:VLE) Hits New 52-Week High – Here’s What Happened

Shares of Valeura Energy Inc. (TSE:VLE) reached a new 52-week high on Monday . The stock traded as high as C$11.50 and last traded at C$11.13, with a volume of 188725 shares. The stock had previously closed at C$11.01.

Wall Street Analyst Weigh In

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

Valeura Energy Trading Up 3.3%

The company has a debt-to-equity ratio of 11.94, a current ratio of 1.75 and a quick ratio of 3.37. The stock has a market cap of C$1.19 billion, a PE ratio of 4.96 and a beta of -0.48. The company’s fifty day moving average is C$9.62 and its 200-day moving average is C$8.10.

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.