Valeura Energy (TSE:VLE) Hits New 12-Month High – What’s Next?

Valeura Energy Inc. (TSE:VLE) hit a new 52-week high during trading on Monday. The stock traded as high as C$17.06 and last traded at C$17.03, with a volume of 69,828 shares traded. The stock had previously closed at C$16.85.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Roth Capital upgraded shares of Valeura Energy to a “strong-buy” rating in a research report on Tuesday, September 22nd. ATB Cormark Capital Markets raised their target price on shares of 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. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$19.50.

Valeura Energy Stock Performance

The company has a debt-to-equity ratio of 11.22, a quick ratio of 3.37 and a current ratio of 2.78. The stock has a market cap of C$1.81 billion, a PE ratio of 29.36 and a beta of -1.41. The company’s 50-day moving average price is C$14.41 and its two-hundred day moving average price is C$12.86.

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.