Valener (TSE:VNR) had its target price reduced by BMO Capital Markets from C$22.00 to C$21.00 in a research report released on Tuesday morning.

Separately, National Bank Financial raised shares of Valener from an underperform rating to a sector perform rating and set a C$22.00 price target on the stock in a report on Monday, May 14th.

Shares of TSE:VNR opened at C$19.60 on Tuesday. Valener has a fifty-two week low of C$19.49 and a fifty-two week high of C$23.28.

Valener (TSE:VNR) last issued its quarterly earnings results on Thursday, August 9th. The company reported C$0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.03). The company had revenue of C$3.00 million during the quarter. Valener had a return on equity of 6.99% and a net margin of 5,432.83%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date is Thursday, September 27th.

About Valener

Valener Inc, through its subsidiaries, engages in the transportation, distribution, supply, and storage of natural gas in Canada and the United States. It operates a gas pipeline in Québec; and 2 gas pipelines that cross the Ontario border, as well as has distribution network in northwest Québec. The company is also involved in the generation, transportation, distribution, purchase, and sale of electricity primarily in Vermont, New Hampshire, and New York, as well as the provision of electric network construction services.

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