Valeura Energy (TSE:VLE) Sets New 12-Month High – Here’s Why

Valeura Energy Inc. (TSE:VLE)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$15.74 and last traded at C$15.39, with a volume of 311133 shares trading hands. The stock had previously closed at C$15.04.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets lifted their price objective on shares of Valeura Energy from C$18.50 to C$19.50 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$19.50.

Valeura Energy Price Performance

The firm has a market cap of C$1.62 billion, a price-to-earnings ratio of 26.34 and a beta of -2.07. The company has a current ratio of 2.78, a quick ratio of 3.37 and a debt-to-equity ratio of 11.22. The company has a 50 day moving average of C$13.15 and a 200 day moving average of C$12.66.

About Valeura Energy

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.