Valeura Energy (TSE:VLE) Stock Price Up 3.9% – Still a Buy?

Valeura Energy Inc. (TSE:VLE) shares were up 3.9% during trading on Tuesday . The company traded as high as C$14.56 and last traded at C$14.53. Approximately 84,454 shares were traded during trading, a decline of 83% from the average daily volume of 485,648 shares. The stock had previously closed at C$13.99.

Analysts Set New Price Targets

Separately, Roth Mkm raised Valeura Energy to a “strong-buy” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Valeura Energy Price Performance

The firm has a 50-day simple moving average of C$12.21 and a two-hundred day simple moving average of C$9.13. The company has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 69.14 and a beta of -1.15. The company has a current ratio of 2.12, a quick ratio of 3.37 and a debt-to-equity ratio of 17.04.

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.