Valeura Energy (TSE:VLE) Hits New 12-Month High – Time to Buy?

Shares of Valeura Energy Inc. (TSE:VLE) hit a new 52-week high on Friday . The stock traded as high as C$9.46 and last traded at C$9.14, with a volume of 205942 shares traded. The stock had previously closed at C$9.00.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Cormark upgraded Valeura Energy to a “moderate buy” rating in a report on Tuesday, November 11th. Roth Mkm raised shares of 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 assigned a Buy rating to the stock. According to data from MarketBeat, Valeura Energy has an average rating of “Strong Buy”.

Valeura Energy Stock Performance

The firm’s 50 day moving average is C$7.93 and its 200 day moving average is C$7.58. The company has a debt-to-equity ratio of 25.27, a quick ratio of 3.37 and a current ratio of 1.91. The stock has a market cap of C$969.42 million, a P/E ratio of 4.02 and a beta of -0.22.

Valeura Energy (TSE:VLE) last issued its quarterly earnings results on Friday, November 14th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$221.45 million for the quarter. Valeura Energy had a return on equity of 27.14% and a net margin of 13.30%. Analysts anticipate that Valeura Energy Inc. will post 0.4117109 EPS for the current 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.