Valeura Energy (TSE:VLE) Issues Earnings Results

Valeura Energy (TSE:VLE) released its quarterly earnings results on Wednesday. The company reported C$0.34 EPS for the quarter, FiscalAI reports. Valeura Energy had a return on equity of 11.82% and a net margin of 9.89%. The company had revenue of C$286.34 million for the quarter.

Valeura Energy Stock Down 0.1%

Valeura Energy stock traded down C$0.01 during mid-day trading on Wednesday, reaching C$14.27. 446,915 shares of the company’s stock were exchanged, compared to its average volume of 482,507. The company has a quick ratio of 3.37, a current ratio of 2.78 and a debt-to-equity ratio of 11.22. Valeura Energy has a twelve month low of C$6.43 and a twelve month high of C$17.62. The company has a market cap of C$1.51 billion, a P/E ratio of 24.60 and a beta of -1.32. The company has a fifty day moving average of C$15.53 and a 200-day moving average of C$12.94.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. ATB Cormark Capital Markets lifted their price objective on Valeura Energy from C$18.50 to C$19.50 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Roth Capital raised Valeura Energy to a “strong-buy” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Valeura Energy currently has a consensus rating of “Strong Buy” and a consensus price target of C$19.50.

Insider Activity at Valeura Energy

In other news, Director Timothy Nicholas Chapman sold 40,000 shares of the company’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of C$16.55, for a total transaction of C$662,000.00. Following the sale, the director owned 14,149 shares of the company’s stock, valued at approximately C$234,165.95. This represents a 73.87% decrease in their ownership of the stock. 18.32% of the stock is currently owned by company insiders.

About Valeura Energy

Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and Türkiye. The Company is executing a growth-oriented strategy, reinvesting into its producing asset portfolio while deploying capital toward further organic and inorganic growth across Southeast Asia. Valeura is committed to delivering value-accretive growth for all stakeholders, underpinned by high standards of environmental, social and governance responsibility.