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

Valeura Energy Inc. (TSE:VLE) reached a new 52-week high on Thursday . The stock traded as high as C$10.10 and last traded at C$10.02, with a volume of 488153 shares. The stock had previously closed at C$9.74.

Analyst Ratings Changes

VLE has been the topic of several research analyst reports. Roth Mkm raised Valeura Energy to a “strong-buy” rating in a research note on Friday, December 12th. Cormark upgraded shares of Valeura Energy to a “moderate buy” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Valeura Energy presently has an average rating of “Strong Buy”.

Valeura Energy Stock Up 2.8%

The stock has a 50-day moving average price of C$8.11 and a 200-day moving average price of C$7.65. The company has a market capitalization of C$1.06 billion, a P/E ratio of 4.39 and a beta of -0.22. The company has a debt-to-equity ratio of 25.27, a current ratio of 1.91 and a quick ratio of 3.37.

Valeura Energy (TSE:VLE) last posted its quarterly earnings data on Friday, November 14th. The company reported C$0.14 EPS for the quarter. Valeura Energy had a net margin of 13.30% and a return on equity of 27.14%. The company had revenue of C$221.45 million for the quarter. On average, research analysts predict that Valeura Energy Inc. will post 0.4117109 EPS for the current fiscal year.

About Valeura Energy

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.