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

Valeura Energy Inc. (TSE:VLE) reached a new 52-week high during trading on Monday . The stock traded as high as C$12.25 and last traded at C$12.10, with a volume of 264201 shares traded. The stock had previously closed at C$11.77.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on VLE. Cormark upgraded shares of Valeura Energy to a “moderate buy” rating in a research report on Tuesday, November 11th. Roth Mkm raised shares of Valeura Energy to a “strong-buy” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat, Valeura Energy has an average rating of “Strong Buy”.

Valeura Energy Stock Performance

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 firm has a fifty day moving average price of C$9.98 and a two-hundred day moving average price of C$8.23. The stock has a market capitalization of C$1.34 billion, a PE ratio of 5.57 and a beta of -0.87.

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.