Valeura Energy (TSE:VLE) Sets New 12-Month High – Here’s Why

Valeura Energy Inc. (TSE:VLE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$14.50 and last traded at C$14.35, with a volume of 137272 shares trading hands. The stock had previously closed at C$14.43.

Analysts Set New Price Targets

Separately, Roth Mkm upgraded 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 assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Valeura Energy Stock Up 0.1%

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 company has a market cap of C$1.52 billion, a PE ratio of 6.33 and a beta of -0.87. The business’s 50 day moving average is C$10.33 and its 200-day moving average is C$8.35.

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.