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

Valeura Energy Inc. (TSE:VLE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$11.39 and last traded at C$11.10, with a volume of 314133 shares traded. The stock had previously closed at C$10.76.

Wall Street Analyst Weigh In

VLE has been the topic of a number of research reports. Cormark upgraded Valeura Energy to a “moderate buy” rating in a research report on Tuesday, November 11th. Roth Mkm upgraded Valeura Energy to a “strong-buy” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Valeura Energy Stock Performance

The company has a market cap of C$1.17 billion, a P/E ratio of 4.87 and a beta of -0.48. The company’s fifty day moving average is C$9.00 and its 200 day moving average is C$7.92. The company has a current ratio of 1.91, a quick ratio of 3.37 and a debt-to-equity ratio of 25.27.

Valeura Energy (TSE:VLE) last posted its quarterly earnings results on Friday, November 14th. The company reported C$0.14 earnings per share for the quarter. Valeura Energy had a net margin of 13.30% and a return on equity of 27.14%. The business had revenue of C$221.45 million during the quarter. As a group, equities analysts predict that Valeura Energy Inc. will post 0.4117109 earnings per share for the current fiscal year.

Valeura Energy Company Profile

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.