Valeura Energy (TSE:VLE) Reaches New 12-Month High – Still a Buy?

Shares of Valeura Energy Inc. (TSE:VLEGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.50 and last traded at C$14.35, with a volume of 137272 shares. The stock had previously closed at C$14.43.

Analyst Upgrades and Downgrades

Separately, Roth Mkm upgraded shares of Valeura Energy to a “strong-buy” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Check Out Our Latest Stock Report on Valeura Energy

Valeura Energy Stock Performance

The company has a quick ratio of 3.37, a current ratio of 1.75 and a debt-to-equity ratio of 11.94. The firm has a market cap of C$1.58 billion, a P/E ratio of 6.57 and a beta of -0.87. The business has a fifty day simple moving average of C$10.60 and a 200-day simple moving average of C$8.45.

Valeura Energy Company Profile

(Get Free Report)

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.

Further Reading

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