Valeura Energy (TSE:VLE) Hits New 1-Year High – Should You Buy?

Valeura Energy Inc. (TSE:VLE) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$16.65 and last traded at C$16.60, with a volume of 40,978 shares changing hands. The stock had previously closed at C$16.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VLE. Roth Capital raised shares of Valeura Energy to a “strong-buy” rating in a report on Tuesday, September 22nd. ATB Cormark Capital Markets lifted their price target on Valeura Energy from C$18.50 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$19.50.

Valeura Energy Trading Up 0.2%

The company’s 50 day simple moving average is C$14.02 and its 200-day simple moving average is C$12.81. The firm has a market cap of C$1.76 billion, a P/E ratio of 28.52 and a beta of -1.41. 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 Company Profile

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.